In the event of damage: This is how insured people can still get their money - tips from the financial expert

In the event of damage: This is how insured people can still get their money - tips from the financial expert

According to a report from www.capital.de,

As an economic expert, I would like to analyze the possible impact of a lack of insurance benefits on the market, the consumer and the industry.

The article shows that there can be various reasons why an insurance company refuses to pay a benefit. This could be, for example, gross negligence, incorrect damage reporting or concealed previous damage. Refusal of insurance coverage can mean financial burdens for the consumer, especially if high costs are incurred for lawyers or experts. This can lead to an increased loss of trust in the insurance industry and reduce consumers' willingness to take out insurance.

In addition, companies that specialize in damage assistance, such as Deutsche Schadenhilfe, can benefit from this development as they can offer consumers independent advice and help in enforcing their claims. Overall, the negative attitude of insurance companies can have a negative impact on the market and consumer behavior, especially if consumers lose trust in the fairness and transparency of insurance companies.

It is important that consumers are informed of their rights and options when faced with a denied insurance claim. Exposing lack of transparency and fairness in the insurance industry can lead to greater awareness of the importance of thorough contract review and independent advice. This, in turn, could increase consumers' willingness to invest in advice and support from independent experts to enforce their claims.

Overall, this trend may impact the insurance industry and lead to increased demand for independent advice and claims assistance. This could ultimately lead to increased regulation of the insurance market to protect consumers' rights.