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| *Ostroff, Fair and Company>>>Insurance |
Why are people so afraid to stand up to the insurance companies? |
Why are people so afraid to stand up to the insurance companies? I don't know if "afraid" is the right word for it. I think that most people don't understand what they are buying in the first place, and don't take the TIME to understand it. So when the claim comes around, they are more likely to listen to friends & relatives about what to do (more people that don't understand what it is, or how it works) and NOT turn to their agent. So when the problem crops up, instead of turning to their agent to solve it, they turn to their neighbor to complain . . . and the problem never gets resolved. So I think it's more an issue of ignorance and laziness. Source(s): agent, 20+ years They have more lawyers that could tie you up in so many years if there are problems with your coverage specially if you have missed payments. They can be your friend or your foe. because they have all the money so therefore they have all the power.. if you're rude to them they can make it really tough for you to collect any money.. they won't come out and tell you this, but they can be very good at finding little loopholes to get out of paying someone.. of course if they did that to everyone, nobody would ever buy insurance, so the insurance companies have to pick and choose which people they screw over.. so being nice to them makes them less likely to choose you as a candidate to be screwed over when you need to collect money from them.. It is not that they are afraid they just have more sense - realize, insurance companies are only in business to make money and not to insure your possessions or your life. People with more sense do not waste their money giving it to legalized thieves. me Because of the perception that they're so powerful. Although they have access to tremendous resources, they do have limits to their power. Instead of turning to an insurance agent (who won't have experience with insurance laws and can't compel any action whatsoever from the insurer) or an attorney in general practice (who charges high fees and often is unaware of insurance laws and regulations), it is recommended that folks contact their state insurance commissioner's office. They can be assured their complaint will be investigated thouroughly and that, if a law or contract provision is violated, the insurer will be ordered to take corrective action. The process is completely free to the complainant, even if the case goes to court after an order is issued. I hope this helps. |
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