Did you know if you violate the terms and conditions of your policy, your insurance company may refuse to pay your claim? More importantly, did your agent explain these reasons to you so that you don’t end up paying a claim out of pocket without the benefit of insurance?
If your insurance agent did not invest any time in explaining these coverage scenarios to you, other than “read your policy” why is he/she your insurance agent?
Insurance is no mere commodity like a loaf of bread. Insurance is a complex contract between you and your insurance company and if you violate a condition of your contract the insurance company may very well refuse to pay your claim.
The most obvious reason why insurance companies can refuse to pay claims is when you are committing insurance fraud by turning in a claim that is based on deception.
Do you know the 230 additional reasons why your insurance company can legally refuse to pay your claim?
Notice four additional reasons why your insurance company may refuse to pay a claim:
A son or daughter no longer is a member of your household but remains on your car insurance policy.
You use your vehicle to deliver pizzas.
You conceal information from your insurance company.
You give permission for someone to drive your vehicle whom has a suspended driver’s license.
There are 225 other reasons why your insurance company might refuse to pay your claim and it’s not because they are trying to cheat you. If your claim was turned down it’s because you violated the terms and conditions of your policy.
As I have emphasized in many articles on this web site. There are many restrictions of coverage on your Cincinnati car and home insurance policies that some unsuspecting insurance buyers may not be aware of until a claim happens and the insurance company doesn’t pay.
If you do not take time to read and understand your insurance policy or if your agent does not take the time to explain the 231 reasons why your insurance company can refuse to pay claims, perhaps you have the wrong insurance agent taking care of your insurance?
Doesn’t it make more sense to purchase your insurance from an agency that takes time to explain the coverage gaps and pitfalls of your insurance policy?
While it is true that no agency or individual agent is perfect, we firmly believe that educating our Cincinnati clients is more important than a cheap insurance price with no advice.™
We are available at any time to discuss individual coverage needs or restrictions of coverage with existing clients of Pathway Insurance or if you are not an existing client of Pathway Insurance why not take the time to consider allowing our local Cincinnati-based insurance agency to care for your insurance needs?
Click Here to start that process. Or feel free to contact me directly by calling 513-662-7000 or sending a quick email to jack@pathwayinsurance.net
[...] An insurance agent who is new to the business is not likely to have the knowledge, understanding, or experience to be able to provide real-world practical advice. Insurance policies are extremely complicated financial contracts between you and the insurance company. The insurance company will only pay up to what the contract allows for. They will not modify the restrictions of coverage if you violate terms of your contract even if you did so innocently. (Read about the 64 way your insurance company can legally refuse to pay your car insurance claim) [...]
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[...]The 64 reasons why your insurance claim in Cincinnati was turned down | Pathway Insurance[...]…