Services: Past Due Deductible Collection
For carriers that choose to administer their deductibles internally, Paragon offers second-placement style collection services for their uncollected and aged third party deductibles. Unlike other standard collections, third party deductibles pose unique challenges that require specific experience to be effective.
Paragon regularly resolves issues related to deductibles that span a wide range of topics including the application of the deductible, policy coverage issues, timing of endorsements, how the adjustor adjudicated the claim, in-kind out of pocket payments, deductible netting and many other insured/policy/claim specific matters. Using our experience and expertise in deductibles, Paragon is able to outperform other vendors in terms of both the amount of dollars collected and the amount of time it takes to collect them.