Such kind of "worst scenario" research is unpleasant to consider, but might be prudent for those who want a REAL world honest appraisal of different insurance companies. Who really wants to think about what will happen if/when they pass? Who really wants to think about what will happen if one ever gets in a serious auto collision? Would we want our close family members to face a rude and unyielding insurance company that refuses to pay out? Or would we want them to deal with an insurance company that sets up so many
hoops to jump through that folks just give up before they resolve a payout dispute?
Most people know that insurance companies are the big money bag holders in the investment world. Anyone ignoring the power of Insurance Companies in terms of financial clout is foolish. The issue remains with the size. Everyone knows they carry a lot of weight and therefore are often intimidated into silence. They don't want to say anything publicly or "on the record" for fear that they will be sued by one of these mega wealthy Insurance giants.
So what's a gal to do? How did you make your insurance choices? Have you deliberately researched what real live humans have experienced when they had to make a claim with a particular insurance company?
Was it easy to make the claim? Was it difficult? Was it done quickly or did it drag on for years?
Did they refuse to pay out based on some kind of unfathomable legal loophole?
Did you have to use an attorney to help you navigate and understand the claim process?
Perhaps we need to rethink the whole "politically correct movement" which forbids polite folks from speaking candidly about religion, money or politics . Maybe it will empower more regular folks if we are MORE VOCAL and more honest. Maybe we will all get a better deal and more reliable and predictable products and services from insurance companies if they realize that we will be holding them accountable and are willing to speak of our experiences. It is your money after all,....and if you don't care about your money.....who will?
Hashtag Consumer Power ")