Discussion » Questions » Finance » Financially speaking, it is in the best interest of insurance companies that you do not file a claim, or that if you do, they find reasons
Randy D

Financially speaking, it is in the best interest of insurance companies that you do not file a claim, or that if you do, they find reasons

not to pay the claim.

  Ok, who dreamed up this scheme?  Grrrrr.

 ~

Posted - August 19, 2018
Tags : None

Responses


  • 6988
    I once worked in a motorcycle dealership and often repaired crashed motorcycles that involved insurance claims. Those adjusters were really cheap, and were not always fair about fixing things right. 
      August 19, 2018 4:27 PM MDT
    2

  • 10635
    It  is in the best interest of insurance companies if you never file a claim so that they can they raise your premium on the grounds that they're not making enough money to survive.

    Insurance is a scam.  Most people pay more in premiums than they'll ever "get back" from the insurance company in a lifetime.
      August 19, 2018 4:37 PM MDT
    2

  • 10026
    I second that "notion."
      August 21, 2018 9:57 PM MDT
    2

  • 6023
    I think the Mafia invented it.
    Though there were also private "police" organizations in America, who neighborhoods had to pay as well.
      August 20, 2018 8:39 AM MDT
    2

  • 10026
    Don is of the mind insurance companies are legal extortion.  I'm not that harsh on them but I do know they are like Reno.  The casino's weren't built to lose.  Insurance companies weren't started to lose money yet we have to pay into to them. 
    I am growling with you. Grrrrrrrrrrrrrr
    I'm pretty sure it wasn't Mutual of Ohama's Wild Kingdom but it was some beast out there that knew how to make a whole bunch of money off of fear.  This post was edited by Merlin at August 22, 2018 5:00 AM MDT
      August 21, 2018 9:59 PM MDT
    1

  • 22891
    nnaybe
      September 9, 2018 4:56 PM MDT
    0