Insurance companies are not always on your side. You are the customer, and they ought to look out for your interests. More often than not, they will place profits and risk calculations ahead of your physical and financial well-being.
The insurance company may offer you less money than you deserve when you file a claim. Know your rights and take the time to get the best settlement possible.
Insurers want to reduce payouts
If your insurance company can make you feel good about an offer, you are more likely to accept. Be wary of this tactic. Insurance companies train their customer service team to soften you up with empathy and friendliness. They may try to manipulate you out of what is rightfully yours.
For insurance companies, maximizing profits and reducing payouts are top priorities. According to company earnings reports compiled by Fierce Healthcare, insurers earned billions of dollars in profits in 2021.
Insurers want to lower their time cost
The longer the case is open, the more you will think it over and get advice. Insurance companies will pressure you into quickly accepting a deal that is good for them and bad for you. Regardless of the type of accident, you owe it to yourself to take the time to explore all your options to get just compensation.
The bottom line is that trust comes about when you know the other party has your interests in mind. Insurance companies will always put their finances first. Plan accordingly to help ensure a favorable outcome.