Insurance tactic you need to know!
Car insurance can be an enormous investment. People pay for insurance for the security after an accident, so that they’ll be put back on the road quickly. But even with insurance, people find themselves in sticky situations after a car accident. They have to deal with collision centers, body shops, rental companies, or even have to shop for a new car or doctors for injuries that have sustained during the accident. The situation after a collision is quite stressful. Typically the insurance company needs to be there, but the common tactic companies use is called – delay, deny, defend. For this reason, at Expressway Collision we try to make the insurance claim process as smooth as possible for major and minor accidents.
What is delay, deny, defend?
During the insurance claims resolution process, you’ll soon notice your insurance company’s tactic to delay the process. They will make you wait longer to obtain the fair insurance amount, even though they are justified. Insurance companies do this in hopes that you’ll become frustrated and impatient with the long process, and accept the amount offered.
Besides delaying the insurance claim process, the insurance company also try to seek out any legal loopholes that they can use to deny your claims. Even though your claims are completely justified, your insurer may make attempts to discourage from getting fair compensation. As a result, you get a settlement which is far less than what you’re entitled to or what you were expecting then you have to hire a lawyer to help you defend your claims in court.
Lastly, even after paying high court fees, there is no guarantee whether you will win the case or not.
Why do insurance companies delay, deny, defend?
Well, the answer is simply the “money.” The smaller the claim an insurance company offers to the clients, the more profit they will gain. At the end of the day, insurance companies are also there in the market to do business and make a profit. The more the profit insurance companies gain, the more they are likely to invest in advertising, perks, new facilities, and bonuses.
How to protect yourself against delay, deny, defend?
The best way to protect yourself against this tactic is awareness about it. You must know that the insurance claims process is time-consuming and arduous, and the initial settlement offered by your insurer may not be the best you can get. Plus, whatever happens, you need to be in control.
We have well-trained professionals who know all the methods and techniques to deal with insurance claims.