Insurance Company Tricks To Deny Claims
The U.S. insurance industry is one of the largest businesses in the world. They will use numerous tricks to deny claims and increase their own revenue. Here are some ways that your insurance company may try to deny your claim:
- Confusing Contracts: When you buy insurance, you are signing a contract with the company, but have you actually read through all the Terms and Conditions of your contract? Most people haven’t. Insurance companies will use lots of technical and legal terms in these contracts. These terms make it very difficult for people to understand what they are actually signing. The insurance company will then use these confusing contracts as a basis to deny your claims.
- Delaying Insurance Claims: Many insurance companies delay processing claims because they know that some people will get sick of waiting and will simply cancel their claims.
- Canceling Insurance Policies: Once an insurance company becomes aware that a policyholder is filing a claim, they may try to drop the policy or cancel it retroactively. If they don’t cancel it, they may refuse to renew a policy or considerably increase any new premiums.
When an insurance company denies you’re your claim, you need good legal representation to protect your rights. The experienced attorneys at Brown & Hobkirk, PLLC can help you navigate complex insurance contracts and get you the compensation you deserve.
Contact us today for your free consultation!