Ten Things Insurance Companies Don't Want You to Know
- Insurance companies prefer that you not understand exactly how your policy works or what detailed coverage you are entitled to.
- Insurance companies are required by law to act in good faith when it comes to the interpretation of their policies and the payout of customer claims.
- If a customer's policy is misleading or poorly worded, the law states that it must be interpreted in the customer's favor.
- Since insurance companies loose profit every time they pay out a claim, it is not in their best interests to do so and they will avoid it at all costs.
- Hiring an experienced insurance attorney to represent you in an insurance claims case will increase the likelihood of your getting the best settlement amount.
- If you don't file a claim against your insurance company in a timely manner, the statute of limitations can prevent you from ever being able to seek legal recourse.
- The more evidence and eye witness accounts you can provide in court, the stronger your chances of winning your claim.
- Insurance companies will wait as long as they can before paying out your claim because interest on that money is still generating them revenue until it is paid out.
- If you can prove that your insurance company has acted in bad faith or in a fraudulent and oppressive manner, you may be entitled to additional punitive damages.
- If an insurance company tries to eliminate your coverage after you have made a claim, it is violating the law.
If you need a lawyer to stand up to your insurance company and fight for your rights, call us today to schedule a free consultation. We work on a contingency basis, which means that you never have to pay us a fee unless your case is won or settled out of court.