Top 10 Insurance Company Tactics You Need to Avoid
1. Quick Settlement Pressure: Insurance companies rush you to accept low offers before you understand the full extent of damages.
2. Recorded Statement Traps: They use your words against you later, often taking statements out of context to reduce payouts.
3. Delay Tactics: Intentional delays hoping you'll accept less money due to financial pressure or frustration.
4. Undervaluation Schemes: Using outdated pricing data or inferior replacement materials to minimize claim values.
5. Coverage Denial Games: Finding technicalities or policy interpretations to deny legitimate claims entirely.
Additional tactics include: Medical record fishing expeditions, independent medical examinations designed to minimize injuries, surveillance operations, and policy interpretation disputes that favor the insurance company's bottom line over your rightful compensation.