Denied A Claim?
Understanding the tricks of the insurance trade is the first step to maximizing your compensation.
Sadly, the companies you’ve paid to cover your losses during times of struggle and disaster often do their best to minimize your payout.
When you buy insurance, you are purchasing into a pool of money to be dispersed when you and your property face damage beyond your ability to pay a small deductible. But getting that payout can be a struggle, and the insurance company is not your friend. While they are legally obligated to make a payout, they have several tricks that save them money at your expense. Often you don’t even know it’s happening.
Deal with Common ways
let’s take a look
So let’s take a look. Below are the most common ways insurance
companies whittle down your just compensation.
01
Deny The Claim
While an insurance claim denial is rare, it does happen. Of course, insurance companies will deny a claim for something blatantly not covered, but denying a claim on the damage covered under a policy is risky for them and easy for you to fight. Typically insurance companies take opportunistic action on damages that can have plausible deniability.
For example, say hail the size of softballs pummels holes over your roof. But your roof had long-standing water damage that weakened its foundation, and that damage occurred while you were covered different insurance company.
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Your insurance company may seize this opportunity to deny the claim and accuse you of not alerting them to the damage beforehand. Then, they will turn around and pin it on you. Insurance companies are far less likely to do this if a the CPPA Firm public adjuster is involved. While we are not lawyers and can not represent you in court, we know how to get you the full benefits entitled by your insurance policy.
02
Delay Paying A Claim
Another trick often played by insurance companies is to simply consistently deny paying out your claim once they have accepted it. They figure you already have a crippled home, and your life is in shambles. Your ability to challenge them and follow up to ensure you get your benefits is handicapped. They hope that if they wait long enough, compounding life events will make seeking a payout not worth your time. Insurance companies won’t play these games when they know a Public Adjuster from the CPPA Firm is involved. They will be hesitant to escalate the situation to court.
03
Minimize The Payout Amount
The easiest, most common, and almost-always-taken path of insurance companies is to minimize the payout. They fight when it’s just you, your agent, and their adjuster. They may ignore damage, purposefully underestimate damage, intentionally undervalue repairs or materials, and combine this into a justification for shorting your payout—sometimes less than what it costs to repair the damage. When a public adjuster from the CPPA Firm is present at the inspection and adjustment, your insurance company will know they can’t play these games. We make it an even fight!
04
Tell You Not To Hire A Lawyer
When your insurance company tells you not to do this, consulting a lawyer is what you should do. Typically, they don’t say this until you are well into the claims negotiation process. They may say things like hiring a lawyer nullifies your coverage, impedes your payout, or similar lies. These lies are illegal. But insurance companies say them anyway because the chances a claimant will fight back are statistically negligible. Even if the claimant does fight back, the company still saves more than the few times it has to pay out or is fined. By calling the CPPA Firm, you’ve already ensured your insurance will not tell you tall tales.
05
Telling You Your Policy Does Not Cover Your Damages
Insurance companies count on their customers not knowing the full details of their policy. Therefore, policies are written to obscure what they do and do not cover. And even if your agent lies and says your policy doesn’t cover something it does, they count on you not calling their bluff. The easiest way to prevent this is by hiring a Public Adjuster from the CPPA Firm. We get to know your policy and easily thwart these attempts to avoid a fair settlement.
06
Delaying Judgment Till The Statute Of Limitations Expires
Believe it or not, there is a statute of limitations on coverage for damages. However, depending on the city and state, insurance companies may play the waiting game to delay a claim judgment so you cannot pursue recovery in court, putting all the power in their hands to decide the settlement amount. The CPPA Firm prevent this from happening. Our presence ensures you will be compensated fairly.
07
A Very Low First Settlement Offer
Many policyholders don’t even know they can reject their insurance company’s settlement offer. Insurance companies will always offer a low amount as their first offer. However,the CPPA Firm understand what a fair settlement amount is. We know an unacceptable offer when we hear it, and we’ll help you get the settlement you deserve.
08
Having Claimants Sign Forms And Statements
Insurance companies may try to get you to sign rights away by pushing paper in your face, hoping you will sign without reading. The insurance company may be able to deny you part or the entirety of your claim. the CPPA Firm know this.
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With our public adjuster acting as the intermediary between you and your insurance company, we can protect you from these deceptions.
There are many ways insurance companies play games with policyholders. Remember, their mandate is to make as much profit for shareholders as possible by denying fair settlement payments. So put more money in your pocket. Have a the CPPA Firm Public Adjuster on your side. We keep the process going smoothly and make your insurance company keeps its promises.
The CPPA Firm can protect you from these tricks.
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