This is one of dozens of reasons many insurance companies have less-than-ideal reputations. It’s not just health insurance.
My auto insurance company took 4 months AFTER my stolen truck was recovered to make a decision whether to repair it or just pay me out. The truck’s value dropped by near half during their dilly-dallying. The worst part is that there had been as much maintenance work done on the truck in the previous year as they paid out for the total loss. In fact, three weeks before the theft, the whole suspension had just been redone to factory specs, and the steering box had just been replaced, with a new turbo housing as well. That alone had cost 2/3 of what was paid by the insurance company for the loss. It also had only 8K miles on a new set of Toyo M-55’s all round.
I LOATHE all insurance companies. They’re more than happy to take your premiums, but heaven forbid you actually have a claim, because they will move heaven and earth to avoid paying out one thin dime.
You bet. The insurance biz is a racket. The house odds totally favors big insurance. Same reason why they hire investigators, most of which are retired cops, to minimize and or eliminate potential losses/claims.