Quote:
Originally Posted by OkieSnuffBox
There is a seeming conflict of interests, however, you agree to it when you purchase the insurance.
Most people don't think of insurance as a binding contract, which it is. They agree to provide X coverage with Y stipulations, and you agree to pay XX per month for said coverage.
The big problem is most people don't bother to read the policy info to find out exactly what is and isn't covered and the stipulations regarding the coverage.
(Ex-claim representative)
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Many people think the insurance companies have to be "fair" but this is far from the truth. They are companies out to make a profit just like any other so if they can avoid paying or pay less they will.
Like Okie said, many people don't check what will or will not be covered and then when the time comes to try and collect they cry foul because they think it should be and it isn't.
I read my policies through even when just renewing and have found things that they have changed/attempted to change several times that could have screwed me up if I wasn't aware.