10 Things I’ve Learned Working for an Insurance Company
Posted in: Workplace
- Most people are unaware of what coverage they actually have.
- There is very little insurance companies can do when they suspect fraud.
- Adjusters want to pay and close your claim as quickly as you do.
- If you are going to experience a total loss on a vehicle, do it when it’s 2-3 years old, otherwise you will feel like you have been shorted. (you’ll still feel shorted, but much less so)
- No one has enough medical coverage.
- Medical billing systems are incredibly inefficient.
- Privacy regulations cost everyone a lot more money and time than you would imagine.
- Wear your seatbelt.
- Don’t ride a motorcycle without very good health insurance.
- Many insurance companies usually pay out around 1 dollar for every dollar they take in on premiums.
