What the insurance industry doesn’t want you to know about the settlement of accident cases?
If you have been in a car accident, you will likely make a claim on your insurance policy or on the policy of the driver who caused the accident. You should know that insurance companies will go to great lengths to deny your claim or reduce the value of your claim. Insurance companies well know this is a stressful time for you and they will attempt to take advantage of this fact. The insurance company is not really on your side when it comes to settling your claim. Here are some of the common tactics insurance companies do not want you to know about the settlement of claims:
- The insurance company may say early on that they accept liability. They may tell you to obtain medical treatment and they will cover the bills. But what may happen is you will get the treatments you need and submit the bills, and the company will now say they only will cover a fraction of the bills. It could be too late by then to hire an attorney and you are facing big medical bills. They know you are in a bad financial situation and you have little-negotiating room.
- They may offer you a quick settlement. Sometimes they will send a representative to your home or hospital to get you to sign away your right to sue in exchange for a small settlement. They want you to agree to settle before you fully understand what your injuries will cost you. If you settle early and discover later that your injuries are more serious, there is nothing to be done.
- Insurance companies may try to force you to agree to an arbitrary date when you must accept their settlement offer. They try to get you to cave and agree to a low offer before you have a chance to realize the full extent of your losses. This deadline is made up, and you should not enter settlement negotiations until you have finished medical treatments.
- They will argue about the severity of your injuries. This happens in almost every personal injury case.
- They will pretend to be friendly and on your side and tell you that you do not need an attorney. Do not buy it. Get a personal injury attorney.
- They try to blame your injuries on a pre-existing condition or previous injury. They do so by getting you to sign a general medical authorization that lets them access your medical records. Never agree to this.