Is Money Really That Important To Insurance Companies?
At auto accident lawyers Toronto, one of the biggest questions our clients commonly ask us, is are the insurance companies really that concerned with how much money they have to provide them? To accurately answer this question, we have to say that it depends on how much the CPP disability claim being filed is worth. After all, most insurance companies will provide clients with compensation, under mandatory compensation known as accident benefits. However, if a person needs more compensation then what the insurance company has to provide, then the process can be rather difficult.
When an insurance company of any kind tells you that money is not important to them, but rather the customer they are helping is their main priority, take it with a grain of salt. Insurance companies, like any big corporation care about two things, how to make the most money, while giving up the least amount of money. If an insurance company didn't care about the money, then why would they be hesitant to provide large amount of cash to clients requesting such for head injury compensation? Also, if money was not a major issue for insurance companies, then why would the assistance of a traumatic brain injury lawyer, when dealing with a ruthless insurance adjuster, be required? Many people have never been in a motor vehicle accident before. As a result, when it comes to filing the most accurate information in your accident benefits form, the process can seem rather daunting. One tip that we like to use with everything, not only for accidents, is to keep a receipt or file. Another tip we use both for accident benefits and life is to keep a log of everything. Whether it is through emails or with a pen and a pad of paper, you want to track all matters relevant to your case. Comparable to the receipts in the file folder, the log will act as a foundation for you when you write your claims letter. The log will also give your slip and fall accident lawyer, a reference point on where to begin their case.
To show you just how important money is to insurance companies, you need not look any further, then the recent tort lawsuit that pitted former insurance juggernaut Metro Insurance against Sun Life Insurance in 2010. The case required, that the slip and fall accident lawyers for Metro Life sue Sun Life, for providing Metro Life with a smaller amount of compensation when they bought them out then what they said they agreed on. Sun Life originally bought out Metro Life for $2.2 Billion, but Metro wanted more money.
When an insurance company of any kind tells you that money is not important to them, but rather the customer they are helping is their main priority, take it with a grain of salt. Insurance companies, like any big corporation care about two things, how to make the most money, while giving up the least amount of money. If an insurance company didn't care about the money, then why would they be hesitant to provide large amount of cash to clients requesting such for head injury compensation? Also, if money was not a major issue for insurance companies, then why would the assistance of a traumatic brain injury lawyer, when dealing with a ruthless insurance adjuster, be required? Many people have never been in a motor vehicle accident before. As a result, when it comes to filing the most accurate information in your accident benefits form, the process can seem rather daunting. One tip that we like to use with everything, not only for accidents, is to keep a receipt or file. Another tip we use both for accident benefits and life is to keep a log of everything. Whether it is through emails or with a pen and a pad of paper, you want to track all matters relevant to your case. Comparable to the receipts in the file folder, the log will act as a foundation for you when you write your claims letter. The log will also give your slip and fall accident lawyer, a reference point on where to begin their case.
To show you just how important money is to insurance companies, you need not look any further, then the recent tort lawsuit that pitted former insurance juggernaut Metro Insurance against Sun Life Insurance in 2010. The case required, that the slip and fall accident lawyers for Metro Life sue Sun Life, for providing Metro Life with a smaller amount of compensation when they bought them out then what they said they agreed on. Sun Life originally bought out Metro Life for $2.2 Billion, but Metro wanted more money.
