Insurance Company Tactics That are Costing You Money
In the insurance world, it can be every person for themselves. Read on to learn why insurance companies are definitely not on your side.
You hear the commercials all the time, telling you how insurance companies are on your side, however, nothing could be further from the truth.
Insurance companies are in business to make money- a lot of money. In order to do that, they need to pay you as little as possible. And they really don’t mind resorting to some pretty sneaky tactics to make that happen.
Here are just some of the tactics insurance companies resort to that could end up taking money out of your pocket:
- Wanting you to sign a written medical release. Many insurance companies will try to persuade you to sign a general release form. This is way more information than they need to access. Previous medical conditions and old injuries can be used to reduce or deny your claim. Never sign any document without first consulting an attorney.
- Adjuster refuses to put anything in writing. You should receive a letter from the adjuster in the beginning identifying him/herself, the company he/she works for, and the client they are representing. As negotiations proceed, you should ask for all settlement offers in writing. Not getting offers in writing could cost you a lot of money in the end.
- Wanting to record your statement. Never let an adjuster record your statement. Every comment you make could end up being used against you to reduce your settlement or deny your claim.
- Insisting their doctor examine you. If the adjuster is insisting the insurance company doctor examine you, consult an attorney first. Doing so will help you avoid any costly pitfalls.
- Offering a quick and small settlement. When an insurance company knows they will have to pay a claim, the adjuster will be instructed to quickly offer you a low-ball settlement. Their offer will be far below the actual value of your claim, but they will hope you take it by insisting it’s the best they can do. Don’t accept this offer.
- Stalling with delay tactics. To frustrate you and trick you into accepting the first offer they give you, insurance companies will employ delay tactics such as transferring you to different adjusters and dodging or not returning your phone calls.
- Telling you that you shouldn’t hire an attorney. This is the most common tactic insurance companies employ to cost you money. They don’t want you to understand your rights. Once an attorney is involved, the insurance company knows they will have to pay you the true value of your case.
Contact Our Louisville, Kentucky, Lexington, Kentucky, Jeffersonville, Indiana and New Albany, Indiana area Car Accident Lawyers
If you or someone you love has been injured in a car accident, it is important to speak to an experienced Kentucky and Indiana car accident injury lawyer immediately. To learn more about your legal rights, contact experienced Louisville car accident attorney, Kevin Sciantarelli, today for a free consultation. Call 1-855-538-4611 or fill out our online contact form for more information.