Scrolling down the internet and asked yourself, “What insurance companies dont want you to know?” well, do not go anywhere. This article will be uncovering the dirty tactics that insurance companies do to you.
There are ten things that you should be knowledgeable about: not wanting to have a lawyer, money is their friend, using the case in their side, saying false claims, gambling negotiator, avoiding settling, indirect negotiations, professionals to their side, makes money with your case, and some connections in the government.
I know that you are pretty curious regarding this topic. Insurance companies are well known for the financial protection policies that you inquire about. With this, knowing the bad things below is necessary for you. So please scroll down and enjoy reading them.
10 Bad Secrets That Insurance Companies Keep From You
Knowing the answers to “What insurance companies dont want you to know?” is a great advantage, especially in protecting your investments and money from being stolen.
Usually, these secrets come into the spotlight when your insurance company is sketchy enough for you to notice. They might not be interested in helping your situation with the money that you had paid to them. With this, here are ten secrets that they do not want you to know.
Secret #1. Not wanting to have a lawyer
Obviously, insurance companies want to deal with feeble-minded customers without the fundamental knowledge of law and litigation. Also, insurance companies are threatened to deal with your lawyer as they cannot force their dirty tactics in taking advantage of your case.
If they said that you don’t need an attorney in dealing with the case, you must be skeptical in this situation. You might be wondering that the insurance company themselves have their lawyers every time at their disposal.
Meanwhile, the customer is recommended not to have one. In this situation, you can put your money in danger.
Secret #2. Money is their friend
Talking to your insurance agent is great. However, they are not your allies in your case. They want you to pay more for your insurance as they will earn more using your money. Likewise, insurance is there in the market to make money, not to help you.
Also, they do not want the company to pay you a more considerable amount of money as this situation is disadvantageous to them. Remember, the agents that you are discussing with are there for your money.
Therefore, it can be considered a win or loss, depending on the situation.
Secret #3. Using the case on their side
When the case is now existent, the insurance company can try to deceive you that you are not qualified for their compensations. They will try to have you documentation certifying you are good in condition and do not need any treatment, paying you less money.
Secret #4. Saying false claims
The insurance company will persevere to make things in their way. In this matter, they will try everything to refute your statements. They can assume that you are not qualified for a grant as you are injured before signing the contract.
Secret #5. Gambling negotiator
The insurance agents that you are discussing with are trained to negotiate in taking advantage of your money. Likewise, they will make deals that can pressure you into agreeing to them. Be careful in that situation; better to call your attorney.
Secret #6. Avoiding settling
Insurance companies will stall things in not settling your situation. However, if you have an attorney, they will be pressured to take things straight and accordingly to prevent any legal damages in court.
Secret #7. Indirect negotiations
Dealing with the insurance agents means dealing with their legal officers. The insurance agents themselves are trained to convince you to put your money in their territory to keep the business straight. Also, these agents are being trained by lawyers and insurance experts to take your money.
Secret #8. Professionals to their side
Suppose your case includes a medical procedure or an accident. In that case, the insurance company will hire professionals to protect their own financial interests. When a doctor works for the company, they can refute your claim and make the company release small amounts of money for your case.
Secret #9. Makes money with your case
Insurance companies have business models that are based on your payments. They live off using your money; they never appear on media to advertise their company. With this, insurance companies already made a profit just with your monthly premiums.
Secret #10. Use some connections in government
Insurance companies will put down their money on corruptive measures inside the government.
They can convince legislators to make laws and policies that put them on the higher ground. To learn more about this secret, read the article entitled “Insurers spent more on lobbying as Congress debated ACA and COBRA subsidies.”
Conclusion!
Learning “What insurance companies dont want you to know?” is not that hard. However, it would help if you were vigilant in these situations to make insurance companies not take your money.
Insurance companies have secrets: not wanting to have a lawyer, money is their friend, using the case in their side, saying false claims, gambling negotiator, avoiding settling, indirect negotiations, professionals to their side, makes money with your case, and some connections in the government. Take note of that.
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