How Claim Culture Is Affecting Factors Many Of Us Don't Even Know About

Years ago a person would have an accident and if no major personal injury was inflicted or losses then an apology would have been enough.
By: missoldppi
 
Feb. 16, 2011 - PRLog -- This is no longer the case and although many can benefit from the compensation claimed there are also those that are at a loss. The benefits and losses of today's claim culture are what I would like to speak to you about today.

There are circumstances where people should make a claim, especially when someone is at financial or personal loss through no fault of their own. This means that they are legally entitled to get what they are entitled to.

Unfortunately because people do make exaggerated claims(http://mis-sold-ppi.com) those who get insurance for honest purposes have to pay higher premiums to get any level of coverage.

Owners of children's playgrounds and restaurants have had to increase their entrance fees too so it is not only drivers, business and private home and land owners who have to suffer the higher costs. This is partly the reason why so many of them have to close down.

This is something many people are moaning about not thinking that the claims made either locally or at another branch to which the one they regularly go to is attached. The prices will continue to rise exceeding annual inflation and both individuals and families will find that a family day out will become something they have to spend ages saving towards.

Not only this, you can understand now why so many places have disclaimers. Even ball pools where many would expect the odd knock or bruise is now seen by some as a way to get money from a company. There is no such thing as free money and there is always someone somewhere who has to pay the price.

There is not much now that cannot be insured. There are things that people expect to pay for such as car insurance. This makes sure that who ever is to blame can pay for any damages caused and expenses accrued even if they do not have the money in their bank account so that the other party/parties can be back on the road as soon as possible.

The other extreme are people who are paying to insure body parts that may give them their livelihood. The chance of them losing a limb or this part is slim so the only people who are getting rich are those who are providing insurance.

People are all looking for ways to make money and during the current economic crisis this money seems the only legal way to get the things they want even if it means lying to do so. In the short term this may seem like the only answer, but long term you they will be giving back to the insurers not only what has been paid to them but a lot more in raised prices.

You can now see how what seems like an easy way out of debt or poverty is a way that can lead the whole world and future generations into a world where even the simplest pleasures seem like a world away.
End
Source:missoldppi
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Tags:Ppi, Mis Sold Ppi, Ppi Claims
Industry:Insurance
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