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Insurance Companies Using Preferred Contractors to Settle Claims Not in Policyholders Best Interest

Insurance Companies Using Preferred Contractors to Settle Claims Not in Policyholders Best Interest

A policyholder in South Carolina recently wrote us about a fire claim turned nightmare. When notified of a claim, insurance companies will sometimes send out their preferred vendor as a way to provide fast service but also to control costs and prevent the policyholder from hiring their own vendor, since they have contracted reduced rates with these vendors.

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