How Insurance Companies Make Money

Insurance companies make the majority of their income from their return on investment of premiums paid by policyholders similar to the way banks use deposits to make investments that yield a return.  This means that the amount of profits earned by an insurance company is directly related to the amount of money that can be invested.  Insurance carriers can earn 8 percent or more per year simply by delaying payment of claims.  Insurers can earn even more by denying or lowballing claims.  An insured maximizes the chances they will receive the full value of their claim by understanding their rights and obligations under their policy.  While the insurance company drafts the policy, interprets its terms, determines the value of the claim, and controls the money to pay the claim, there are ways policyholders can level the playing field.  The most important way to avoid being at the mercy of an insurance company is to know your rights.  

Our Miami-Dade County law firm invites you to contact us if you are having difficulties with your insurance company.  Miami, FL insurance claims lawyer J.P. Gonzalez-Sirgo handles claims against insurance companies in Miami and throughout Florida. The Law Firm of J.P. Gonzalez-Sirgo, P.A. offers free consultations and case evaluations.  No Recovery, No Lawyer Fees.  Call 305-461-1095 or Toll Free 1-866-71-CLAIM.

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