If you have never purchased insurance before or if you are buying new insurance for the first time in a while, then there are a few things you should know. While some of these things may seem obvious to you, we have had many people come to us with questions recently and we want to make sure that you and your family are keeping yourselves safe while also saving your hard-earned money. A lot of these things insurance companies wouldn’t like you to know instructional strategies and we think that knowing them is going to help you in making the best decisions.
This is something that pertains to health insurance. Let’s say you become injured or ill and then you suddenly are left with the bill even though you should have technically been covered. How could this happen and why does it happen? Well, whenever a claim is made, your insurance company is going to go back and view several years’ worth of medical records. If there is anything that shows up inconsistent, they have the right to completely cancel your insurance; leaving you with the bill.
This is why it’s extremely important that you are consistent whenever you fill out applications. Even the smallest error can hurt you in the long run and getting a lawyer isn’t exactly cheap. If you don’t know how to answer, ask or leave it blank or say “I don’t know”.
Claims that Go Unnecessarily Denied
If you find yourself in a situation where your claim has been denied, you should look at the paperwork you signed. Find a location that supports your claim being signed. Many companies will actually pay for your attorney or lawyer fees to take them to court. This, however, is not something they are going to advertise so check the fine print before you pay for your own legal fees because they can add up quickly and we know how hard you work for your money.
Talked into the Wrong Coverage
If you find that you have been talking into a type of coverage that does not actually cover the things you were looking for; your insurance company is going to be forced to pay for those things. However, you need a way to prove this so make sure everything is in writing. Fighting a company is tough and the more evidence you can find the better.
Higher Prices Does Not Mean Better Coverage or Service
Many people seem to think that the more they are asked to spend each month on insurance, the better the coverage is going to be. This is not the case. When you shop around, not only should you be looking at prices but also at exactly what is covered. Sometimes the reason you are spending more is simply because a business is more popular. So, do your research and ask for recommendations because there may just be a better company out there than the one you are currently using or planning on using.