Is it true that insurance companies purposely delay reimbursement?
Just wondering about it. My sister worked with [car] insurance companies in her previous two jobs, and said that when the claims are larger, they'll purposely delay it. I only ask out of curiosity. I submitted a large health claim to my insurance company over eight weeks ago (usual claims take 48-72 hours) and despite my consistent calls, it sort of seems like the insurance guys are sitting on their hands with their thumbs up their butts when it comes to my case.
Asked By: MissMoniby - 9/6/2011
Best Answer - Chosen by Asker
As a former auto claim adjuster for 10 years and working in 4 different companies, can state the reason for delays on larger claims has to deal with management. As a adjuster, I may have $10,000 authority to settle claims. But if the claim is $10,001, have to submit to a supervisor for authority to settle and also... More
Answered By: lucy - 9/7/2011
Additional Answers (1)
definitely, because it's the insurance business. in order for them to make a profit, they need to do their best to pay you the least and that takes time. they are also counting on that if they take a long time to pay then you will more gladly accept a smaller amount, leaving you to pay the rest. there have even been... More
Answered By: Michael - 9/6/2011
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