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Providing Creative Solutions to Common Problems
Providing Creative Solutions to Common Problems
nsurance companies process damage claims, and subrogation is often involved. As a legal right, insurance companies can pursue a third party involved in a financial loss to the insured. An individual’s insurance company covers a claim for losses, then requests reimbursement from the other party’s insurance company — often seen with automobile, fire, workers’ compensation and health care claims.
Southwest Recovery Services, LLC can collect claims as your trusted insurance debt collection agency. We partner with policyholders to settle disputes and ensure all parties are cared for.
Insurance subrogation collections protect policyholders and insurers from paying for an incident that wasn’t their fault. For example, if you were t-boned in a car accident, the at-fault driver’s insurance should pay for your automobile repairs.
A lot of the subrogation process is done behind the scenes. The policyholder is responsible for reporting the incident but can otherwise let both insurance companies handle who pays for what.
An insurance company’s recovery operations are a critical process. Recovery operations impact all lines of business, specifically applying to workers’ compensation liens, first-party property claims, auto physical damage claims and surety bonds.
The process often overlooks subrogated claims and creates poor communication between the claim handler and the assigned adjuster. In many cases, the claim closes and is paid before a recovery specialist is involved.
Insurance companies also handle deductible collections, bond collections and premium recovery. All aspects of the recovery process are challenging to adequately manage, leading to a significant revenue loss.
To overcome common challenges, here are some of the most successful practices for insurance company claims:
As an experienced and professional debt recovery company, we have 20 years of insurance collection experience. We understand that disputes frequently arise between insurers and policyholders. Our team can work with policyholders to help them understand their policy’s terms and conditions and language, settling disputes between all parties.
Southwest Recovery Services can help collect your unpaid accounts’ earned premiums, audit premiums and adjustments, subrogation files, unpaid deductibles and bonds. Our approach includes credit risk and file evaluation with legal action when necessary.
We tailor our collection services to meet your unique needs so you can get the subrogation payments you’re owed. Southwest Recovery Services, LLC offers:
Insurance collection agencies are key players in the subrogation process. Partnering with a debt collection agency for insurance subrogation can take the responsibilities off your shoulders, handling all aspects to ensure you get paid.
Specifically, insurance collection agencies can provide:
Southwest Recovery Services, LLC works on a contingency basis — we don’t get paid unless you do. You can trust us to handle your subrogation fairly and ethically. We are on your side!
We can help through our:
At Southwest Recovery Services, LLC, your insurance and subrogation are our priority. If you are interested in learning more about how we can help, get in touch with us online today or at an office location near you.