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deucher
deucherActive Contributor
Asked: April 17, 20242024-04-17T13:16:16+00:00 2024-04-17T13:16:16+00:00In: Insurance, Money & Business

How often do insurance companies avoid paying out?

I had a case when I had a road accident in which it was not my fault, but the damage to the car was not very serious, although I had insurance, this company refused to pay me the amount of 1000 dollars, which was not so much. I argued for a long time and visited various authorities in order to prove myself right, but in the end they still did not pay me and I only wasted my time and of course I terminated the contract with them

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3 Answers

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  1. Lens
    Lens Knowledge Seeker
    2024-04-17T13:54:09+00:00Added an answer on April 17, 2024 at 1:54 pm

    From my perspective, most of the insurance companies always want to avoid payouts and this is not uncommon, but we should know that the frequency at which this is done can vary so much and it depends on several factors. Additionally, It's important to remember that insurance companies are all afterRead more

    From my perspective, most of the insurance companies always want to avoid payouts and this is not uncommon, but we should know that the frequency at which this is done can vary so much and it depends on several factors. Additionally, It’s important to remember that insurance companies are all after the profit that they want to make because they are profit driven entity and we should try to minimize payouts as well. However, it’s worth to note that most insurance policies have clear terms and conditions and they try as much as possible to outline the  payouts in a comprehensive way.

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  2. Lens
    Lens Knowledge Seeker
    2024-04-17T13:54:42+00:00Added an answer on April 17, 2024 at 1:54 pm

    From my perspective, most of the insurance companies always want to avoid payouts and this is not uncommon, but we should know that the frequency at which this is done can vary so much and it depends on several factors. Additionally, It's important to remember that insurance companies are all afterRead more

    From my perspective, most of the insurance companies always want to avoid payouts and this is not uncommon, but we should know that the frequency at which this is done can vary so much and it depends on several factors. Additionally, It’s important to remember that insurance companies are all after the profit that they want to make because they are profit driven entity and we should try to minimize payouts as well. However, it’s worth to note that most insurance policies have clear terms and conditions and they try as much as possible to outline the  payouts in a comprehensive way.

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  3. spencer
    spencer Enlightened Mentor
    2025-07-06T14:46:52+00:00Added an answer on July 6, 2025 at 2:46 pm

    It's a criminal offence for an insurance company not to pay out to clients, you can take it up to a court of law or hire a lawyer to get your payout, that's why it's super impornat to carry out a due diligence when you're selecting an insurance company. It will help you avoid these kind of situationRead more

    It’s a criminal offence for an insurance company not to pay out to clients, you can take it up to a court of law or hire a lawyer to get your payout, that’s why it’s super impornat to carry out a due diligence when you’re selecting an insurance company.

    It will help you avoid these kind of situations, there are a lot of insurance that has been around for years, they’re the best to go for.

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