Why Do Insurance Companies Limit Car Accident Payouts?
Watch the Video to Get the Answer.
"Insurance companies limit payouts because that's where their profit is. You got to remember that when you pay your auto insurance premium, only 2 or 3 percent of that dollar that you pay in premium goes to profit. However, every dollar saved on your claim is a dollar of profit. So therefore it's 33 times more profitable for the insurance company to save a dollar on your claim than it is to get a dollar in premium payments. They are in the business to make money, they aren't in the truth justice fairness and the American way business. They are a for profit business, and they will make their profit wherever they can."
"I'm John Bisnar, the senior partner at Bisnar Chase law firm. We exclusively represent seriously injured accident victims from our office in Newport Beach, California."
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