Are Insurance Companies Trustworthy?

Are Insurance Companies Trustworthy?

insurance coverage

Are Insurance Companies Trustworthy?

No! Absolutely not! 

Insurance companies are in business to make money not pay it out. It is in the best interest of insurance companies to remain profitable.

They collect their monthly premiums from their customers and knock your credit score down if you are late making a payment. However when it is time for them to pay you they do everything in their power to find a way to pay out as little money to you as they can.

Insurance companies are notorious for tactics like denying your coverage, finding that you were at fault for the accident, prolonging the insurance process with endless paperwork and ultimately offering you a low-ball settlement offer.

Most people trust insurance companies and believe they going to genuinely take care of them after an accident. After all, that is why you are paying those monthly insurance premiums every month, right?

The harsh reality is insurance companies operate purely on an economic basis.
They are looking out for their bottom line. They look for ways that they can legally get away with not paying you what you are owed.

There is even a secret database that only insurance companies can access called C.L.U.E. which is the acronym for Comprehensive Loss Underwriting Exchange. This database keeps a record of your insurance claims history over the past seven years. Insurance companies use this database to determine things like how much to charge you for your premiums or to investigate your claims history in order to find ways to devalue your claim.

It doesn’t make a difference whether you are dealing with your own insurance adjuster or the other parties. Every insurance company is trying to minimize or eliminate any payment that would be owed to you. They are in the business of taking your money not giving it back to you.

Often times when insurance companies see they are clearly liable to pay out the claim they refuse to pay it and instead look to force a lawsuit so they can offer a settlement that is less than fair value of what they would otherwise have to pay you. This is a well documented tactic of insurance companies.

This is why it is so important to have a legal team in your corner. Lawyers for these types of cases don’t charge anything to review your claim in the event you ever have one. Founder Daniel Weltin is well versed in the tricks of the insurance trade and knows how to hold them accountable.

admin none 9:00 am - 5:00 pm PST 9:00 am - 5:00 pm PST 9:00 am - 5:00 pm PST 9:00 am - 5:00 pm PST 9:00 am - 5:00 pm PST Closed Closed Lawyer # # #