Tricks Insurance Companies Use to Avoid Paying Claims
It's no secret that insurance companies have become extremely rich in recent years. Their CEOs' salaries are higher than those of many other industries. In addition, they often make more money per employee than many other industries combined. Despite the inflated salaries, there are still some tricks that insurance companies use to avoid paying legitimate claims. The American Association for Justice published a report called Tricks of the Trade, which lists some of the tricks used by major insurance companies to avoid paying legitimate claims. In some cases, these tactics include denying valid claims, delaying payment until policy owners are tired of waiting, confusing policyholders, and canceling policies altogether.
One common trick that insurance companies use to reduce the amount of money you can receive from your claim is to make a post on social media about your injury. If an insurance company sees that you posted about your injury on Facebook or Instagram, they may think you aren't really in pain and therefore should not claim damages. Because of this, you need to be extremely cautious about what you post on social media and seek the advice of an attorney. A car accident attorney in West Palm Beach will be able to help you protect your rights and ensure that you get what you deserve from your case.
Another common trick used by insurance companies is offering you a settlement without first telling you that it's a false offer. In exchange for this low offer, you're required to sign a full release. This means that you're agreeing to accept less than you deserve for your injuries. This is a common tactic that can lead to your claim being denied. Regardless of the reason, it's important to speak with a lawyer if you want to make sure you receive the maximum amount you're entitled to.
In some cases, insurance companies will make a settlement offer without telling you about it. Often, these settlement offers are made in exchange for a full release, which means that you've signed away all rights and claimant rights. In these cases, the insurance company will never pay more than the initial offer. However, this is not necessarily a good situation. Fortunately, McMullin Injury Law understands this strategy and knows how to best protect you.
Another trick that insurance companies use is offering you a settlement that is not fair. Often, these offers are in exchange for signing a full release, which means that the insurance company will never pay you more than what you originally asked for. The truth is that you should always be wary of these types of claims, since the insurance company will want to avoid having to cover their legal costs. This is another common tactic that insurers use to avoid paying their customers.
