Call us toll free: 1-877-MyAdvocates
LegalAdvocates@MyAdvocates.com
  • previous pageInsurance Hassles

  • The Power of No
  • Eight Rules Insurance Companies Play By and Don't Want Consumers To Know
  • Five Rules Every Injured Party Should Follow

    • Send us a note:
     

    Insurance Denial

    Eight Rules Insurance Companies Play By and Don't Want Consumers To Know:

    1. Insurance company profits are at record levels. Insurance companies are profit driven corporations. The goal is to make money even if it means minimizing rightful claim payments. Insurance claims denials and underpayments are at an all time high.
    2. Statutes of limitations are deadlines set by laws that put a time period to make claims or sue and vary widely from state to state. Claims against the federal government have a statute of limitation as well. Claims against the federal government and some other levels of government also require that written notice of a claim be submitted to the defendant within a much shorter period of time. Some states require that all defendants be notified in writing about a potential claim before it can actually be filed in court
    3. The insurance regulations in most states are inadequate to fully protect the rights of consumers.
    4. Insurance companies are immune from our antitrust laws.
    5. Insurance companies count on people giving up too easily. They know that a certain percentage of people will just accept denials or small settlements.
    6. Experienced investigators or adjusters are assigned to every case by the insurance company to gather evidence. Frequently, they will appear very friendly with the injured party's interest at heart. Remember their main purpose is to provide the insurance company with grounds to dispute the claim and to minimize the settlement.
    7. Insurance companies have enormous legal advantages over the average person:
      1. great wealth,
      2. thousands of trained adjusters, expert defense lawyers and expert witnesses and consultants, and
      3. legal defenses to minimize or deny compensation.
    8. Insurance companies do not want you to hire a lawyer because the award will usually be higher.