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Phone: 619-304-1000
The Turley Law Firm P.C.

Why Do Insurance Companies Delay Paying Claims?

If you have suffered a work injury, catastrophic injury, or other personal injury, you most likely have medical bills piling up. It can be nerve-racking not knowing how your bills will get paid and whether the insurance company will come through for you in a timely manner.

Unfortunately, insurance companies are notoriously late paying claims. The biggest reason they delay claims payments is because they like leaving their money in investments. They know that every day they are accruing interest, which is why they don’t want to pay policyholders promptly. Additionally, they know that the longer they take to pay you, the more desperate you are for money—resulting in you accepting less of a settlement. Lastly, they hold onto the money longer because they know that some people will fail to bring a claim against them.

By remembering the insurance company is always going to look out for their best interests and not yours, you will be better equipped to receive fair compensation. For help obtaining your full compensation in a timely manner, contact our San Diego law firm to speak with attorney William Turley at 619-304-1000 or contact us online at https://www.turleylawfirm.com/contact.cfm.

 

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William Turley
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