When Calculating Insurance Payments, Take the Deductible From the Repair Value and Not the Policy Limits

One wrongful adjustment method that occurs from time to time is the practice of taking the deductible from the policy limit. For insurers, this is a way to never pay the policy limit. When this occurs, the underwriter essentially charges unearned premium for the amount of the deductible, and the policyholder never has a chance… Continue Reading