Insurance companies are private businesses whose purpose is to protect their insurance policyholders’ assets by assuming the risk of paying for unexpected losses. Most people view insurance companies in a positive light, assuming that their main goal is to help their customers, helping them to reduce financial uncertainty and make accidental loss manageable. In reality, insurance companies are only in business to collect insurance premiums and make a profit. They are not in business to pay claims to their customers. There are many different types of consumer’s insurance policies sold by insurance companies including automobile insurance, health insurance, life insurance, and many more.

How Insurance Companies View Paying Out Claims

To insurance companies, anytime they have to pay any sort of claim to their clients, it is considered a “loss”. Each dollar that they have to pay out to a client after making a claim takes away from their main focus, their overall profit. Conversely, every dollar that the insurance company can save by charging a premium to a customer without having to pay a claim is considered a success. This is why insurance companies are constantly trying their best to avoid spending any money by denying claims, reducing payments, and refusing to pay claims at all.

Insurance companies represent the interests of their policy-holders and not those harmed or those bringing claims against their policy-holders. When there is a claim filed by a client, insurance companies will do everything they can to find information that will allow them to deny that claim. Therefore, do not be fooled by the kind and caring nature of the employees of the insurance companies. Anytime you are talking to an insurance company, they are recording you, hoping that they can gain facts that they can use against you in the future to deny your claim or reduce the amount that they have to pay you.

Your Obligations as the Insured

Under the terms of most insurance policies, you are obligated to cooperate with your own automobile insurance company by giving them a statement and information regarding  your injuries. Depending on the terms of your insurance policy, your insurance carrier will set up a claim file for medical benefits, collision coverage, or for additional insurance coverage. If you do not give them any of this information, your insurance provider has the ability to deny your claim for “failure to cooperate”.

Insurance companies also frequently call or even visit their clients that have claims with them, trying to get facts or information about their case in hopes that they may be able to use against them in the future. In this situation, do not feel obligated to talk to these representatives. If you have a lawyer, under no circumstances should you speak to the insurance company without the consent of your lawyer. When filing a claim, it is advised that you avoid talking in any detail about your claim unless you are consulting with your lawyer first.

What Happens After You File an Insurance Claim

After filing a claim, insurance companies have the right to record your every move when you are in a public place. Some insurance companies will hire private investigators for the sole purpose of keeping constant surveillance on you to get any evidence that they might be able to use to reduce the amount that they have to pay. Conversations between you and your spouse as well as you and your lawyer are deemed as confidential, meaning that you do not need to disclose them to anyone, and they are off limits to insurance companies. However, any other conversations that you have with anyone can be considered “discovered” and used later in court.

Put Experience on Your Side – Get David Get Paid

In short, even though it may seem like it, insurance companies are not on your side so be cautious in everything that you do following your accident. To avoid all of the difficulties that come with dealing with your insurance company after an accident, and receive the most amount of compensation possible, call the excellent, experienced team of lawyers at Femminineo Law at 855-65-CRASH or visit our website at getdavidgetpaid.com.