5 Methods insurance company uses to reject insurance claims in India.
It is infuriating when you're denied an insurance claim that you know you're entitled to. The insurance company is just looking for any way to weasel out of paying, and it's completely unfair.
What many people don't realize, however, is that insurance companies are legally bound to pay out legitimate claims. If they deny your claim outright, they are breaking the law.
Of course, that doesn't stop them from trying to find ways to avoid paying. They may try to delay things, or claim that your claim is not valid.
One common tactics is to delay payment on your claim, or acting as they care about you, or by settling you for less.
There are many more tactics that insurance company uses to reject your insurance claims.
If you find yourself in such situation then you can always take help of insurance claim lawyers at Insoclaims. We will help you get best out of your insurance company
1. Delaying your insurance claim
It's no secret that insurance companies often delay or deny claims in an effort to save money. One of the most common tactics they use to do this is to drag out the claim process.
By delaying the process, insurance companies hope that claimants will either give up or accept a lower settlement than they deserve. This is especially true for claims that involve large sums of money.
If you've been the victim of a delayed or denied insurance claim, don't give up. Fight for the compensation you deserve by working with an experienced attorney.
2. Offering you quick settlement
The second tactic insurance companies use to avoid paying proposed insurance claims is offering quick settlements for less money. This might sound like a good deal at first, but it's actually a low-ball offer that's far below what the claimant is actually entitled to. Quick settlements are often used to take advantage of claimants who are desperate for money or who don't have the time or resources to fight for a fair settlement. If you're offered a quick settlement, make sure to get an independent opinion on the value of your claim before accepting any money.
3. Using your statements against you
You insurance company is trying to weasel out of paying your claim by using you statements against you. Here's how to avoid getting taken advantage of.
When you make a claim with your insurance company, they will often try to use your own statements against you in order to avoid paying out. This is why it's important to be careful about what you say when you're making a claim.
The insurance company will try to find any reason to deny your claim, so you need to be aware of the things you say that could be used against you. For example, if you say that you weren't injured in the accident, they could use that against you to deny your claim.
It's important to be careful about what you say to the insurance company, and to make sure that you're not giving them any ammunition to use against you. If you're not sure about something, it's better to stay quiet than to say something that could be used against you.
It is always advice to take help of insurance lawyers before you talk to insurance company.
4. Discouraging you to take help of insurance advisors and lawyers
If you're in an accident and your insurance company advises you not to talk to an insurance advisor, it's probably because they don't want to have to pay out your claim.
There's nothing wrong with talking to an insurance advisor after an accident. In fact, it can be helpful to get some professional advice. However, your insurance company may try to discourage you from doing so in order to avoid having to pay out your claim.
If you're considering talking to an insurance advisor, make sure you understand your rights and what you're entitled to. Don't let your insurance company bully you into silence.
5. Asking for the extra evidence
If you've ever filed an insurance claim, you know the process can be frustrating. First, you have to gather all the necessary documentation and evidence. Then, you have to submit it to the insurance company.
And sometimes, even if you have everything in order, the insurance company will ask for additional evidence or information. They may say they need more time to review your claim.
This can be frustrating, especially if you're already dealing with the aftermath of an accident or another incident. However, it's important to remember that insurance companies are businesses. They're not necessarily looking out for your best interests.
So, if you're dealing with a delays insurance claim, don't be surprised if the company asks for additional information or evidence. It's their way of putting off paying your claim.
If you're having trouble getting your insurance claim paid, you may need to consult with an attorney. An experienced attorney can help you gather the necessary evidence and documentation. They can also deal with the insurance company on your behalf.