Insurance companies make it hard for those suffering personal injury to file a claim and get a payout that they deserve. Dealing with an insurance company means coming into contact with uncertainties with how you claim will be handled. Understanding some of the basic principles with how insurers operate with help you get the maximum amount of compensation for your personal injury.
Remember, insurance companies do not have your best interest in mind. But they will act as if they are looking out for you. Insurance companies are still in the business of making money and will go to great lengths to protect their own interest before your own.
Insurance companies may delay your claim when you file with them. Remember, insurance companies generate more revenue from investments than the actual insurance premiums. Insurance companies invest the money from premiums to make even more profit.
Since insurance companies derive profit outside of premiums from customers, they will try to pay out the smallest possible payment for injury. By paying out money in a claim, the insurance companies will no longer have that money to invest.
If you are having trouble receiving a payout for a claim filed give us a call at (505) 242-7200. We handle cases involving insurance companies and claims. We take cases in the state of New Mexico. The Davis Kelin Law Firm is Albuquerque’s Premier Personal Injury Law Firm.
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