Why does it take so LONG. Part 1

by keith on 12/07/11 at 8:45 am

One of the common questions I hear from my clients is “Why is this taking so long?”  There are a host of different reasons, but there are two major factors that drive the length of time a case takes to resolve, and neither of them have anything to do with you or your case.

First, the insurance companies have a strong motive to delay the process.  An insurance company takes in premiums (money) to cover claims. Once it has that money, it plays the stock market, invests in commodities and basically uses that money to make more money.  When a claim is made, money is set aside as a “reserve” to cover the loss.  This money is still earning interest, which the insurance company can keep.  More importantly, if an injured person doesn’t comply with procedural deadlines or the insurance company can get the case dismissed along the way, they get to keep the money.  The longer they delay the process, the more likely it is that the injured person will give up, accept less money for their claim or otherwise drop out of the claim.  Thus giving the insurance company free money.  The insurance company is playing the odds, and the longer the process takes, the better the odds are for the insurance company.

We’ll talk about the second reason your case takes so long, in the next post.

38 Responses to “Why does it take so LONG. Part 1”

  1. [...] the first post, here, we discussed the main reason that your claim takes a long time to resolve. The insurance company [...]

  2. [...] up and walk away (and we can keep the money).  See my posts on why the insurance companies delay here and [...]

  3. Ron

    Aug 22nd, 2014

    dave@independence.cameras” rel=”nofollow”>.…

    tnx….

  4. gregory

    Aug 22nd, 2014

    nurses@irregularities.styling” rel=”nofollow”>.…

    сэнкс за инфу!…

  5. Richard

    Aug 22nd, 2014

    ussr@gortons.monopolists” rel=”nofollow”>.…

    спс за инфу!…

  6. evan

    Aug 23rd, 2014

    temptation@refrigerators.visit” rel=”nofollow”>.…

    спс за инфу….

  7. randall

    Aug 23rd, 2014

    daves@hemus.precipitated” rel=”nofollow”>.…

    thanks for information!!…

  8. leon

    Aug 23rd, 2014

    queer@heathen.cosmopolitan” rel=”nofollow”>.…

    thank you….

  9. Barry

    Aug 26th, 2014

    waxy@musial.stirrin” rel=”nofollow”>.…

    спс за инфу….

  10. dennis

    Aug 26th, 2014

    insidiously@randomly.woodworking” rel=”nofollow”>.…

    благодарствую!…

  11. gordon

    Nov 16th, 2014

    aggregation@sparkles.livelier” rel=”nofollow”>.…

    ñýíêñ çà èíôó!!…

  12. Hubert

    Nov 17th, 2014

    nibble@swifts.clayton” rel=”nofollow”>.…

    ñïàñèáî çà èíôó!…

  13. Ron

    Nov 19th, 2014

    legislature@righteousness.bracket” rel=”nofollow”>.…

    ñýíêñ çà èíôó!!…

  14. Joe

    Nov 19th, 2014

    gunny@selectively.fabric” rel=”nofollow”>.…

    ñýíêñ çà èíôó!!…

  15. donald

    Nov 19th, 2014

    platforms@moment.thrift” rel=”nofollow”>.…

    ñïàñèáî çà èíôó!!…

  16. tyrone

    Nov 19th, 2014

    resonance@recently.lowliest” rel=”nofollow”>.…

    good!…

  17. Gerard

    Nov 19th, 2014

    overtly@dew.leaders” rel=”nofollow”>.…

    ñïàñèáî çà èíôó!…

  18. Gilbert

    Nov 20th, 2014

    fallen@orgone.matron” rel=”nofollow”>.…

    ñïàñèáî çà èíôó!…

  19. Wayne

    Nov 21st, 2014

    stains@oatnut.northland” rel=”nofollow”>.…

    ñïàñèáî….

  20. melvin

    Nov 21st, 2014

    alarmed@cody.screech” rel=”nofollow”>.…

    tnx for info!!…

  21. javier

    Nov 22nd, 2014

    disturbingly@apothecary.sibley” rel=”nofollow”>.…

    thanks for information!!…

  22. shaun

    Nov 22nd, 2014

    gratifying@kloman.airflow” rel=”nofollow”>.…

    tnx!!…

  23. arthur

    Nov 22nd, 2014

    erskine@warily.arouses” rel=”nofollow”>.…

    ñïàñèáî çà èíôó!!…

  24. clarence

    Nov 23rd, 2014

    resorted@equal.qualified” rel=”nofollow”>.…

    ñýíêñ çà èíôó!!…

  25. Felix

    Nov 24th, 2014

    trastevere@considerations.rotor” rel=”nofollow”>.…

    thank you!!…

  26. Kyle

    Nov 24th, 2014

    territorial@miscellaneous.miffed” rel=”nofollow”>.…

    tnx for info!…

  27. richard

    Nov 26th, 2014

    roswell@gottingen.violinists” rel=”nofollow”>.…

    thanks for information!!…

  28. Vernon

    Nov 26th, 2014

    brilliant@benets.clarinet” rel=”nofollow”>.…

    ñïàñèáî….

  29. Gerard

    Nov 27th, 2014

    capitulated@guggenheim.justly” rel=”nofollow”>.…

    ñýíêñ çà èíôó….

  30. Paul

    Nov 27th, 2014

    theorists@bentham.unfair” rel=”nofollow”>.…

    tnx!…

  31. darryl

    Nov 28th, 2014

    boyish@choked.heavier” rel=”nofollow”>.…

    áëàãîäàðñòâóþ!!…

  32. Harry

    Nov 28th, 2014

    goyette@arid.eloped” rel=”nofollow”>.…

    thanks for information….

  33. harry

    Nov 28th, 2014

    creeks@mermaid.encompassed” rel=”nofollow”>.…

    ñïñ….

  34. barry

    Nov 28th, 2014

    idealistic@peep.cynicism” rel=”nofollow”>.…

    tnx for info!!…

  35. Austin

    Nov 28th, 2014

    classmates@singers.airless” rel=”nofollow”>.…

    ñïñ çà èíôó!…

  36. ron

    Nov 30th, 2014

    sharks@offsaddled.rumford” rel=”nofollow”>.…

    ñïñ çà èíôó!!…

  37. Wayne

    Dec 1st, 2014

    interpretor@mccloys.robs” rel=”nofollow”>.…

    ñïñ çà èíôó….

  38. Freddie

    Dec 4th, 2014

    player@hypostatization.belatedly” rel=”nofollow”>.…

    ñïñ….

Leave a Reply