No one expects to be seriously injured.
However, more than 7,500 people are injured in auto accidents every day.
Sadly, for many of these people, the nightmare only begins with the accident.
This is because of the role insurance companies and their adjusters play in the recovery process.
To protect yourself from their predatory tactics, you should first know these seven truths.
Insurance companies exist to make a profit. They do this by denying, delaying, or paying out as little as possible on claims.
The insurance adjuster is not your friend. Remember: They are paid to protect the interests of the insurance company, not you.
The insurance company wants you to give a recorded statement as soon as possible so
that they can use it against you later on.
Until you’ve consulted a lawyer, however, you should not give any statement to anyone.
The insurance company will take whatever steps necessary to deny your claim and limit payouts… even if the accident wasn’t your fault. The insurance company is under no obligation to make any settlement offer.
In fact, they will dangle the possibility of an offer only to obtain as much information as they can gather and then use against you later on. Moreover, if a settlement offer is made, it will virtually always be below the actual value of your case. Insurance companies do not want you to get a lawyer involved with your case.
This is because the research shows that settlements in cases where the injured person is represented by a lawyer are significantly higher and the client receives more money even after payment of attorney fees.
Insurance companies have no problem taking you to court… because, when it comes to damages, they know that jurors are most often not generous. With so much blood and gore on TV, in movies, and on social media, society has become largely desensitized to personal injury, making many jurors skeptical, cynical, and reluctant to believe the injured party.
But you should not despair.
With the right lawyer, you will be able to fight for the money and benefits you are entitled to.
Insurance Company Tactics: 7 Truths
TRUTH #1: Insurance companies exist to make a profit.
TRUTH #2: The insurance adjuster is not your friend.
TRUTH #3: The insurance company wants you to give a recorded statement as soon as possible so that they can use it against you.
TRUTH #4: The insurance company will take whatever steps necessary to deny your claim.
TRUTH #5: The insurance company is under no obligation to make any settlement offer.
TRUTH #6: Insurance companies do not want you to get a lawyer involved with your case.
TRUTH #7: Insurance companies have no problem taking you to court.