insurance horror stories

I knew a person who had a cavity that grew into a huge problem. Since they had no dental insurance, they couldn't afford to go to the dentist right away. By the time they finally managed to save some money, the cavity had turned into an abscess. The pain was unbearable, and they had to get an emergency extraction which was very expensive and also a very difficult procedure because of the advanced state of the problem.

There was a traveler who got sick during a trip overseas. The local medical bills were very high. The travel insurance was supposed to cover the medical expenses. But when the claim was made, the insurance company claimed that the pre - existing condition clause applied even though the traveler had no known pre - existing conditions. They fought for months but still had to pay a large portion of the bill out of pocket.

One horror story is when a family's home was severely damaged by a storm. They thought their home insurance would cover it all. But the insurance company found a tiny loophole in the policy about pre - existing roof damage. So they only paid a fraction of what was needed for repairs, leaving the family to struggle with huge out - of - pocket expenses.

I heard of a case where a driver paid their premiums on time every month. Then when they had a minor fender - bender, the insurance company found a loophole in the policy to deny the claim. It turned out some small print said that a certain type of repair wasn't covered, which the driver wasn't aware of. They were stuck with a big repair bill.

One horror story is when an insurance company took forever to process a claim after a car accident. The claimant had to constantly call and fight for weeks just to get an adjuster to look at the damage. It was extremely frustrating as they couldn't get their car repaired in time and had to rely on public transportation, which was inconvenient and costly.

One common element is slow claim processing. Insurance companies often take a long time to review and approve claims. Another is denial of valid claims. They might find some excuse not to pay out. And also, under - estimating damages or coverage amounts, like in home or auto insurance cases.

A young adult had a sudden appendix attack. Since they had no health insurance, they hesitated to go to the hospital at first. By the time they finally did, the appendix had ruptured, leading to a much more serious and life - threatening condition. The cost of the extended hospital stay and complex treatment was astronomical, and they were left in a cycle of debt trying to pay it off.

One common element is claim denial. Insurance companies often find reasons like pre - existing conditions or technicalities in the policy to deny claims. Another is undervaluing claims, especially in cases like home insurance after a disaster. Also, slow processing of claims is a big issue. For example, in liability insurance cases, the long wait can cause problems for the insured as they have to deal with the situation on their own while waiting for the insurance company to act.

A car owner had his vehicle totaled in an accident. The insurance company initially offered a settlement that was far below the market value of the car. They based it on some old, inaccurate data. It took months of back - and - forth, with the car owner having to provide tons of evidence like recent sale prices of similar cars, before they finally got a fair offer.

One horror story could be when an Uber driver got into an accident, but the insurance company tried to deny the claim by saying it was a pre - existing condition with the vehicle, even though the driver had no knowledge of it. It left the driver with a huge repair bill.