The property insurers use a lot of secret tactics to cheat house owners when point comes to the payoff for the property damages. The insurance industry has accumulated a lot of cash on account of these fraudulent activities practiced by them. Insurance fraudulent activities accounts for about $30 billion a year - or 10 percent - of the insurance industry's property and casualty losses, according to the Insurance Information Institute.
Insurance companies first give you an insurance that you don’t need an attorney to settle out the payoffs but later on they start using dirty tactics to save money in their pockets and settle you on an unfair amount.
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May 2020
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