Why Do Insurance Companies Delay Settlement?

Insurance companies and big corporations utilize an overall strategy to delay, deny and defend. What that means is that that traditionally delay payment of legitimate claims for as long as they can, they deny responsibility for payment, and they defend their position in court. These are tactics to not pay money to people that are expecting to be compensated for their injuries in the personal injury setting, or for folks who are owed money on an insurance policy.

We know these tactics. Our firm has been in the fight for over 32 years, every single day, against insurance companies and big corporations.

Insurance companies will uniformly process a claim and then deny payment, without even having all the information they would need to properly evaluate the claim. This happens all the time in the following types of cases.

  • Personal injury Claims
  • Long Term Disability Claims
  • Short Term Disability Claims
  • Workers Compensation Claims
  • Medical and Health Insurance Claims
  • Property Damage Claims

The very fact that they deny a claim serves to “kick the can further down the road.” It makes it look like they are doing something on your case, but they are just papering the file. They are not objectively evaluating your claim or your case when they do this.

Whether it is a liability claim, health insurance claim or otherwise, insurance companies make it their business to block your rightful reimbursement of insurance benefits using these and various other delay tactics. And, when they lose in court they face very few consequences, other than having to pay what they should have paid in the beginning.

The kitchen table economics of all of this is that the insurance companies get to keep their money longer. They get to invest it how they want. Yet, if you pay insurance premiums you should not be forced to jump through hoops to get paid by your insurance company. If you get injured in an accident due to someone else.

If you are facing these kinds of difficulties, you need someone in your corner who knows how to combat the insurance companies. You need an experienced trial lawyer. Call Carpey Law.

 

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