F...Insurance Companies

[cpayne5]

Originally Posted by Mattyk72

...I've in fact paid claims that probably shouldn't have been paid...

So that's why my insurance is so high.

[MTK]

Originally Posted by cpayne5

So that's why my insurance is so high.

No, not really.

If everything was looked at with a fine tooth comb and minor claims that were borderline weren't paid, they would only end up in litigation later on which in the end would cost much more than just paying the original claim.

[SmootSmack]

I just don't like the callous disregard insurance companies have for our nation's cavemen. Does Encino Man not bleed when you prick him?

....I'll have the roast duck with the mango salsa

[cpayne5]

Originally Posted by TAFKAS

I just don't like the callous disregard insurance companies have for our nation's cavemen. Does Encino Man not bleed when you prick him?

....I'll have the roast duck with the mango salsa

...and I don't have much of an appetite. Thank you.

[PWNED]

i need some coverage on my big wheels' dubs.

[firstdown]

Also you have to remember that even if the adjuster may no that the claim might be fraud they have to prove this. If they do not have any direct evidence they have no choice than to pay the claim. If they accuse a customer with no hard evidence they get sued by the insured or claiment. I have heard that over 25% of all prmium goes to fraud and that a major portion of the population feels its ok to inflate a claim or exaggerate an injury.

[jbcjr14]

Originally Posted by firstdown

Also you have to remember that even if the adjuster may no that the claim might be fraud they have to prove this. If they do not have any direct evidence they have no choice than to pay the claim. If they accuse a customer with no hard evidence they get sued by the insured or claiment. I have heard that over 25% of all prmium goes to fraud and that a major portion of the population feels its ok to inflate a claim or exaggerate an injury.

This is true. I know on multiple instances where we have seen fraud, but we cannot prove it well enough to deny the claim. As Matty stated earlier, it is sometimes best to settle a claim rather than go through the lengthy and costly process of litigation.