When you‘re working hard to make ends meet, the last thing you want is for your insurance company to take advantage of you.

Unfortunately, that‘s exactly what many insurance companies do.

Here are five ways they take advantage of hard-working Americans:

1. Cancelling policies:

Many insurance companies cancel policies when customers make too many claims.

This is especially true for health insurance policies.

If you have a health condition that requires frequent treatment, your insurance company may cancel your policy after a few claims.

This leaves you without coverage and having to pay for all your medical expenses out of pocket.

2. Denying claims:

Another way insurance companies take advantage of customers is by denying their claims.

This can be done for a variety of reasons, such as the claim being for a pre-existing condition or for a service that is not covered by the policy.

If your claim is denied, you may have to pay for the services or treat yourself.

3. Raising premiums:

Insurance companies also take advantage of customers by raising their premiums.

This is often done after a customer makes a claim or two.

The insurance company may argue that the customer is now at a higher risk and thus needs to pay a higher premium.

This can be very difficult for customers to afford, especially if they are on a tight budget.

4. Refusing to renew policies:

Insurance companies may also refuse to renew a policy when it comes up for renewal.

This can be done for a variety of reasons, such as the customer making too many claims or the policy is too expensive to renew.

This leaves the customer without coverage and having to find a new insurance company.

5. Selling useless policies:

Finally, insurance companies may take advantage of customers by selling them useless policies.

These are policies that do not cover anything that the customer is likely to need.

For example, a customer may be sold a policy that only covers their car in the event of an accident.

However, the customer is unlikely to ever need this coverage since they rarely drive their car.

These policies are often very expensive and the customer is left paying for a policy that they will never use.