Roman Austin Personal Injury Lawyers | April 25, 2016 | Personal Injury
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 and profitable.
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.
5. The 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 deny claims.
Contact the Clearwater Personal Injury Law Firm of Roman Austin Personal Injury Lawyers for Help Today
For more information, please contact the legal team of Roman Austin Personal Injury Lawyers for a free initial consultation with a personal injury lawyer in Clearwater. We have convenient locations in Florida: St. Petersburg, Safety Harbor, Clearwater, New Port Richey, and Tampa.
We serve throughout Pinellas County, Hillsborough County, Pasco County, and its surrounding areas:
Roman Austin Personal Injury Lawyers – Clearwater Office
1811 N. Belcher Road, Suite I-1
Clearwater, FL 33765
(727) 787-2500
Roman Austin Personal Injury Lawyers – Congress Ave Office
2360 Congress Avenue
Clearwater, FL 33763
(727) 591-5610
Roman Austin Personal Injury Lawyers – Tampa Office
6601 Memorial Hwy Suite 202
Tampa, FL 33615
(813) 686-7588
Roman Austin Personal Injury Lawyers – New Port Richey Office
2515 Seven Springs Blvd.
New Port Richey, FL, 34655
(727) 815-8442
Roman Austin Personal Injury Lawyers – St. Petersburg Law Office
840 Beach Dr NE Suite 202
St. Petersburg, FL 33701
(727) 787-2500
Roman Austin Personal Injury Lawyers – Safety Harbor Law Office
202 9th Ave S Suite A-2
Safety Harbor, FL 34695
(727) 787-2500
