The insurance world can be complex and difficult to understand. Whether
an insurance company is a large corporation or a small office found in
your local neighborhood, the goal for each company is the same: to generate
profit. As a result, the insurance industry has become extremely successful
Many of these companies go to great lengths to protect their interests
and those individuals who pay premiums to keep themselves insured. In
essence, purchasing insurance can allow a person to gain peace of mind.
It can protect an individual in the event that they are involved in an
accident. However, insurance companies and their plans are not infallible.
In fact, if another person causes an accident involving the insured person,
the insured person’s insurance company has no obligation to provide
the victim with any amount of compensation. They are only obligated to
protect the insured—and their pockets.
To help persons understand, our team of Clearwater personal injury lawyers
would like to shed light on the practices these companies use on a day-to-day
basis. At our firm, we believe it is important that consumers understand
why these insurance companies are so profitable and the measures these
companies will go to ensure they generate profit.
1. Many Insurance Companies Will Make Any Excuse to Deny, Deny, Deny.
Unfortunately, insurance companies’ motives for denying claims are
not always the most ethical. For example, if a person was receiving treatment
for back pain prior to an accident, an insurance company may try to claim
that the person’s condition was pre-existing and had no relation
to the incident. Additionally, some companies may award bonuses to employees
for every claim denied. Insurance company employees may also be fired
if they do not secure enough denials.
2. There’s Always a “Catch.”
Because we have a free-market system, any business entity can draw up a
contract to suit their needs best. This means that when a consumer signs
a contract, the individual may not always be aware of the “fine
print” stipulations that may not allow them to pursue a claim or
a payout for the claim.
3. Their First Offer is Always the Lowest Possible.
In many cases, an insurance company will use this tactic to offer a person
the lowest possible amount of compensation in hopes that the claimant
will quickly accept the money and end the process. Unfortunately, this
means that the claimant cannot pursue any more compensation in the future
for that incident. This is when it becomes crucial to hire a personal
injury lawyer to fight for their rights.
4. Insurance Companies Do Not Always Move Quickly.
Many insurance companies will move slowly intentionally. By doing so, insurance
companies hope that claimants will become impatient or desperate enough
to accept a low offer. In fact, some companies have been known to hold
off on claims until the insured person has passed away.
Insurance Company Can Cancel A Person’s Policy for Petty Reasons.
Some insurance companies will use minor reasons as excuses to cancel the
policies of consumers. For example, if a person calls the insurance company
to inquire about the possibility of a claim, the company may view that
as a red flag and refuse to renew that person’s policy. In addition,
a company may refuse to renew a person’s policy if the person has
admitted fault during an accident in an attempt to avoid liability and
Contact Roman & Gaynor Today!
At Roman & Gaynor, we believe it is important that you understand insurance
adjusters have been trained to undermine the worthiness of claims in order
to protect themselves from any type of responsibility. That is why we
believe it is always important for accident victims to retain legal counsel
from a Clearwater personal injury lawyer immediately after an accident.
Our team can ensure your rights are properly represented. If you have been involved
in an accident, get in touch with our firm today. We are backed by roughly
fifty years of experience fighting for the rights of accident victims.
Due to our commitment to help others, we have recovered nearly $65 million
in settlements. We have not only seen success—we have achieved it!
Call Roman & Gaynor to set up a
free case consultation
fill out our online form,
and a member of our team will reach out to you shortly.