@WildEyedBoyFromFreecloud @Miriamm
That’s right! My property insurance went up a lot once. When I asked why, they said I had a claim for my roof. I checked my records & I did not file a claim. I merely called to ask if a small roof leak problem was covered. They said I’d hafta fle a claim to find out, but I never did! They counted my question as a claim giving them the excuse to raise my rate.
#insurance #corporategreed
@Miriamm *in the US.
I think it's better in other countries?
@Miriamm That's the good part if you have actual customer protections per law:
They need to not only clearly state what they cover but they also MUST COVER certain things and can only afterwards reclaim money if someone acted in gross neglect and only from them.
@Miriamm It's business model is incentivized to not pay claims by insured to generate more profit for shareholders and Executives.
Why is anyone surprised they refuse to pay policy allowable claims for contorted reasons?
The confusion and complexity exist to encourage you to give up, and pay what you pay them to pay. You are screwed twice. Welcome to private insurance.
Yup. Guy I went to law school with got his first job at an insurance company that covered property damage. His specific task was, for any claim over $5,000, to see if there was a basis for denial. That's all he did for them: find ways not to pay claims.