Insurance is a part of life, and though every company is different, each has some secrets that happen behind the scenes that they don’t want everyone picking up on. Like anything, it’s business, and looking for ways to cut corners are just a part of it.
However, if you know what to look out for and have a better understanding of what all you are entitled to, you can catch those red flags or signs and start getting the insurance you deserve. Here are a few of the trade secrets and ways that insurance companies have learned to sway your decisions.
1. They’ll villainize attorneys
It’s a proven fact that whenever lawyers are involved, things get pricey, and this goes for insurance companies as well.
In order to keep you from considering going for legal help, they’ll try to persuade you to do things on your own, or through them.
2. You’ll be told not to go for a lawsuit loan
This piggy-backs off of the already stated advice that anything legal is to be avoided in the eyes of an insurance company.
When it comes to topics like drug legal funding and lawsuit cash advances, insurance adjusters will steer you in the opposite direction to keep from complicating things on their end.
3. You’re working with trained negotiators
The agents you talk with are coached in ways to rush or convince you into settling for offers fast, to get things settled. Like any business, they’re in it for the money, too.
They want your case settled, but the goal is to do so in a way that is best for them. Keep your head on straight.
4. Sometimes they’ll lie to you
If anything doesn’t strike you as true, get a second opinion or ask more questions. Some agents are known to claim you’re not eligible for certain things, but that isn’t always the case.
Make sure what they tell you is the truth before settling or accepting an offer.
5. Your medical records could be used against you
Insurance agencies are trained to go through your medical history to find pre-existing accidents or conditions that they can use to pay you less by blaming it on those events or circumstances.
If possible, avoid giving any additional medical information that is not related to your case.
Not every insurance agency will use all of these methods of saving their own money, but most do have ways around things and may not always be 100% up-front and truthful with you. It’s always best to look for second opinions and make sure all of your questions are answered.
The best way to move forward with any sort of insurance claim or settlement is by making sure you are comfortable with what is offered and understand everything about it.