Two things that insurance companies 💸 really focus on as far as what their main task is and their main job is.
⚠️ One, to mitigate risk. Two, to hold the cash. They want to hold your money as long as possible. They make money on the float. Meaning, they take all of our premiums, billions and billions of dollars worth of premiums across insurance companies and they invest it in long-term bonds to make hundreds of thousands of dollars in interest or millions of dollars in interest.
📌 When you start making multiple claims in a certain year period, they flag you as a risk. You become a risk to them because they are more than likely going to have to pay more claims based on your actuarial tables or your algorithm of damage and risk whatever they’ve come up with. That’s why they need to either give you a rate ride meaning increase your premiums or cancel your coverage.
So, contact us sooner than later. The longer you wait, the worse it gets for you because the fewer options you’re going to have.
📲Contact Us Today:
Bellator Claims Resolution
719-204-8282 C. Springs