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4 Insurance Tricks Insurance Companies Use to Minimize Settlement Payments

When a driver causes a car accident or you fall in a store, the responsible party’s insurance company should pay for all of your losses, right? Unfortunately, it is not always that easy, since insurance companies regularly challenge injury claims. These companies are businesses first, and to maximize profits, they try to minimize settlement payments as much as possible. The following are four tricks that insurers may use to reduce your settlement. 1. Challenge Liability If an injured accident victim was also partially at fault for a collision, their recovery will be reduced by their percentage of fault. Therefore, insurance companies will investigate an accident...

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