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Why Insurance Companies Win By Denying Claims by Judy Morrow





Article Author Biography
Why Insurance Companies Win By Denying Claims by
Article Posted: 01/25/2012
Article Views: 82
Articles Written: 19
Word Count: 323
Article Votes: 0
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Why Insurance Companies Win By Denying Claims


 
Law

Each year over a million people file CPP disability claims with their insurance provider. However, out of the million people filing the claims, less than 50 percent ever do win their claim and are compensated for their injuries. The reason for this is that the insurance company can win a claim, simply by denying it. At first glance, you may wonder how an insurance company can get away with just denying a claim. The harsh reality is that most people do not hire auto accident lawyers to defend their rights, and assure that their claims are paid. Today we'll examine why insurance companies can simply deny claims.

Insurance companies have long owned a stranglehold on the automotive industry and the politics that surround it. Not only do they deny claims and go unscathed, but also, the lobbyists working for insurance companies, have been able to diminish the amount of accident benefit compensation paid out to the injured parties that do win their insurance claims. In other words, regardless of if your traumatic brain injury lawyer helps you with your case or not, you still won't receive enough compensation to full take care of your claim. But why deny the claim in the first place?

As we mentioned earlier, the insurance companies have a stranglehold on the automotive industry. Meaning to say, they can deny your claims for three reasons, they know the average person won't take on a financial giant such as the insurance company they have a policy with. They also know, that if they deny a claim and the policyholder presses the issue, they may accept a lower amount for their compensation. Lastly, most people do not have the mental energy or finances to hire a slip and fall accident lawyer to take on their case for years in order to win compensation that may come out to a lower amount then they anticipated.

Related Articles - traumatic brain injury lawyer, auto accident lawyers Toronto, CPP disability claim, slip and fall accident lawyer,

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