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Why Do Insurance Companies Limit Payouts?

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As car accident victims who have been catastrophically injured will need to seek compensation for their losses. In many cases you will have to collect some or all of your settlement from an insurance company. Insurance companies have been in the business of making money for some time. Giving away their hard earned money is not something they usually do without a fight.


Insurance companies limit payouts because that’s where their profits are. When you pay your auto insurance premium only two or three percent of each dollar goes to profit. However, every dollar saved on your claim is a dollar of profit. So therefore it is 33 times more profitable for the insurance company to save a dollar on your insurance claim than it is to get a dollar in premium payments. Insurance companies are in the business to make money. They are in the “truth, justice, fairness, and the American way” business. Insurance companies are for-profit businesses and they will make their money wherever they can.

Accident victims who have suffered from a personal injury in California are well advised to seek the help of an experienced California personal injury lawyer. An experienced California car accident lawyer can help receive a just settlement.

California accident victims can also receive a free copy of “The Seven Fatal Mistakes That Can Wreck Your California Personal Injury Claim.” Valued at $14.99 you can receive this book at no cost. This book contains information that every accident victim should have.

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