Secrets of the Loya Insurance Claims Process
Insurance companies aren’t motivated to pay claimants an appropriate amount of compensation when they file claims against them. As is the case in all industries, these businesses want to make and keep as much money as possible. That’s why they employ various tactics to limit the sums they pay. These include:
- Delay: You may be able to reach what you consider a fair settlement with an insurance company. However, even if you do, they’ll often make you wait a very long time before you actually receive payment.
- Deny: It’s crucial to understand that you don’t need to answer an adjuster’s questions when they contact you. Adjusters ask questions to look for reasons they can argue you’re not insured in this particular scenario. If they can’t find a reason to deny your claim altogether, they’ll still look for reasons to justify their lowball offers.
- Defend: Very often, insurance companies will force claimants to take them to court instead of compensating them properly.
Loya Insurance is no different. Their adjusters are encouraged to protect the company financially. They’re not encouraged to act in the best interests of claimants. While an adjuster will usually pretend to be on your side, they simply want you to feel comfortable speaking with them.
You’re better off allowing an attorney to handle all communications. This reduces your chances of accidentally saying something that will harm your claim. As examples such as the one described below demonstrate, an attorney’s expertise can play a critical role in whether you receive fair compensation.