Insurance Companies Try to Block Fair Injury Compensation
If you’ve been seriously hurt in any accident due to the negligence of others, do you manage your claim against this person (or business’s) insurance company, or should you hire an attorney? Many people might think they can manage their own claim and pocket every penny when they win. But what really happens when you go up against an insurance company that is covering someone who caused an accident that severely injured you? Let’s take a look.
The Insurance Adjuster: The First Obstacle to Your Claim
Many of you most likely had a good experience with your property or auto insurance company when you filed a reasonable claim. The adjuster was helpful and probably expedited your payment as much as possible. But when you’re injured by someone else and have to deal with THEIR insurance carrier, those adjusters may sound like they want to be helpful but in reality, they are looking to pay as little as possible and make you feel compelled to take what they offer. Insurance companies are in the business of taking in premiums and paying out as little in claims as they can.
And if they HAVE to be fair, they prefer it be with THEIR customers, not someone who was hurt by one of theirs.
Insurance companies – through their adjusters – can be extremely difficult to negotiate with. They take up a lot of your time if you’re not protected by an experienced attorney. Insurance companies use adjusters to deny your claims. They may call you repeatedly, asking innocent-sounding questions about your accident. Their inquiries may seem proper. But these contacts are usually calculated to induce you to say something that could be used against you to deny your claim. Whatever you say to them will probably be recorded and could come back as evidence against your claim or harmful to your case if you end up in civil court. The best way to deal with insurance adjusters is simply to not deal with them at all. Adjusters don’t call our clients — we make them call us instead. When adjusters can’t talk to you, they can’t hang you with your own words. And the nonsense stops.
How Do You Know the Insurance Company’s Settlement Offer is Fair?
Frankly, unless you work in the insurance business, you can’t know what’s fair and what isn’t. Many times, an insurance company entices accident victims with fast cash that might get them back to even. But what if that’s not the end of your expenses? You know it’s not the end of your financial obligations, or even your recovery. Settlements you accept from an insurance company without a seasoned injury lawyer on your side never benefit you in the long run. Do you want the defendant’s insurance company to get away with paying you less than your case deserves? Depending on who you ask, between four and 10 percent of all personal injury claims in the United States go to trial. The rest are settled out of court. So, basically, what you – and your experienced lawyer if you’re wise – are doing is playing “Let’s Make a Deal” with the insurance company. And knowing everything the defendant’s insurer knows (or more) strengthens your bargaining position. The insurance company has investigators. So does your seasoned injury lawyer. The insurance company has actuaries who value your claim the way they want. Your attorney also has professionals who do the same thing, as well as experts to help create your formal “Demand Package” based on true value. The insurance company has lawyers who are very experienced negotiators – and litigators, if it becomes necessary. Do you have one?
Don’t Let an Insurance Company Victimize You a Second Time
Many insurance companies initially deny every claim they receive, just to see who is serious and who isn’t. Then they’ll lowball the claimants who stick around. And their adjusters are famous for “reassuring” these victims with all kinds of hollow promises and claims, like:
- “Why hire a lawyer? We’ll work it out.”
- “Why would you want to pay a lawyer part of your award?”
- “A lawyer will take most of your money.”
Injured victims who fall for this game end up being ripped-off by an insurance carrier for literally pennies on the dollar. If an insurance company can pay a mere pittance to obtain a release from an unsuspecting accident victim, they will do it every time. It’s how they make their money. Don’t let an insurance company make you a victim A SECOND TIME. We know the tactics used by insurance companies to pay as little as possible (or nothing) to injury victims. Contact Kaplan Lawyers PC by filling out our online form or call us at any of our office locations to arrange a no-obligation and free consultation. (212) 563-1900 (NYC) (516) 399-2364 (Nassau County) (347) 758-9011 (Brooklyn) (631) 619-5309 (Suffolk County) (917) 382-9212 (Queens)