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There are reasons an insurance company can justly deny your claim

On this blog, we talk a lot about how insurance companies go out of their way to deny your claims. However, today we would like to talk about a few legitimate reasons that an insurer may have to deny your claim. Specifically, we will be discussing auto insurance policies for the sake of this discussion.

There are three main reasons why an insurance company would have a legitimate reason to deny your claim:

  • Your policy limits. Depending on what limits you chose when you first signed up for the policy and how much damage was done in the accident that relates to your claim, you may have exhausted your policy limits. In such a case, the insurer would have a legitimate reason to deny your claim.
  • Compliance with the law. If you were not obeying the law when your accident occurred, then your insurer could deny your claim.
  • Compliance with the policy. This may seem redundant given the two points we made above. But, there are some basic rules built into your policy too. If you violate these rules, your insurer could deny your claim.

Make sure you research your policy and know the limits, the laws and the policy rules. Now, even with this knowledge, insurers are still going to get as crafty and creative as they can to bend the rules and manufacture reasons to deny your insurance claim. If you are being denied and you don't think your insurer has a legitimate reason to do so, then consult with an attorney.

Source: Nasdaq, "Denied Auto Insurance Claim? What You Can Do Next," June 8, 2016

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