7 Ways Insurance Companies Try to Deny or Decrease Your Claim

If you’ve been in an accident, you know the pain and suffering that comes with it. You also know the financial burden an accident can bring. Many people rely on their insurance companies to help them through this tough time, but insurance companies are not always helpful. They sometimes do everything they can to deny or decrease your claim. Knowing their tricks ahead of time can help you protect yourself and ensure that you get the benefits you are entitled to.

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Taking Advantage of Your Ignorance

The first way insurers try to deny or decrease your claim is by claiming that your policy does not cover the damage. It is essential to read your policy carefully to know what is and is not covered. If you have any questions, ask your agent before you purchase the policy.

Denial

Another common way for insurance companies to deny or decrease your claim is by claiming that the damage was caused by something other than what you say it was. For instance, if you say that a storm damaged your roof, they may try to say that the damage was caused by wear and tear over time. It is essential to have documentation to back up your claims, such as photos or videos.

Lowballing

Insurance companies will also often try to lowball you on the cost of repairs. They may give you a much lower estimate than what it will cost to fix the damage. Get multiple estimates from reputable contractors before you agree to anything.

Delaying the Process

Some insurance companies will also try to drag out the claims process to frustrate you into giving up or accepting a lower settlement. It is essential to be patient and persistent when dealing with your insurance company. Keep good records of all communication, including dates and times, to prove that you followed up on time if necessary.

Convincing You Not to File a Claim

In some cases, insurance companies may even try to convince you not to file a claim. They may tell you that it will increase your rates or that your claim is not covered. Again, it is essential to know what your policy covers and get multiple opinions if you are unsure whether or not you should file a claim.

Bad Faith

In some cases, insurance companies may act in bad faith, knowingly denying or delaying a valid claim. It is illegal in many states.

Incomplete Information

Insurance companies may also try to trip you up by asking for missing information or documentation that they know you don’t have.

If you’re dealing with an insurance company, it’s essential to be prepared. Keep meticulous records, including all correspondence with the company. And if you feel you’re being unfairly denied or lowballed, don’t be afraid to consult with a lawyer.

Fernandez Firm Accident Injury Attorneys have over 20 years of experience helping our clients get the compensation they deserve. We know how insurance companies operate, and we will fight to get you the maximum amount of compensation for your injuries. Contact us today for a free consultation.