Although it can get expensive, having proper car and health insurance is essential to protect you and your family from unforeseen accidents. Ideally, your insurance coverage will not only help pay for sustained injuries, but also cover property damage and recovery costs—at least it should.
Many insurance holders are led to believe that as long as they have insurance all of their bases are covered.
- Medical costs? No problem, they have insurance
- Need a new car? Insurance will take care of it
- Recovery forces them to miss work? Their insurance will help them out with bills
After all, they pay insurance premiums for exactly this reason, so why wouldn’t their insurance companies have their back? Unfortunately, the answer is simple: money
Insurance Companies Boost Their Bottom Lines by Throwing You Under the Bus
Just like any other business, insurance companies strive to make money. Every time they have to pay a claim, their profits decrease. In their perfect world, they would gladly accept your payments but would never be required to pay out on a claim.
Thankfully, in the real world some highly skilled people, such as the staff and attorneys of the McDaniel Law Group, who work to stop insurance companies from cheating like that.
If you have a legitimate claim, your insurance is legally obligated to pay benefits as the policy specifies. Still, money is money and profits need to be protected. Therefore, insurance companies have come up with certain tricks-of-the-trade that help them manipulate clients and claims in order to decrease potential settlement amounts—thus preserving their profits. These tricks include:
- Belittling your claim. The claims agent implies that your family’s injuries and property damage aren’t as bad as you’re making them out to be, and therefore do not require so large a settlement as you have requested.
- Conveniently “forgetting” what’s covered. Playing dumb is an effective technique for insurance companies. By stating that the particulars of your accident will cause your claim to be denied, they force you to prove your claim is covered. This is why you should always have copies of your insurance policy available in case an adjuster tries to tell you your accident isn’t covered.
- Harassing you into submission. A key tactic for insurance companies is to persistently hound you about agreeing to a settlement. Even if they know their offer is unreasonably low, they figure that if they annoy you long enough, then you’ll agree just to keep them from interfering with your family’s recovery.
- Confusing you with “legalese.” Another popular tactic is to throw out long and confusing legal terms with the hope that instead of questioning them, you’ll trust the adjuster understands what he’s saying and that he will act in your best interest.
- Waiting out your frustration. Delays are also a valuable tactic for insurance companies; they can use time against you very effectively. For every week that goes by, you’ll have more and more creditors hounding you. This allows the insurance company to whisk in with a meager settlement offer that you’ll be more than happy to take in order to quiet the creditors.
- Trying to make a deal. In a last-ditch effort, insurance companies will try bartering. They promise a quick but small settlement today, or the option of an extended court case that might delay your recovery by months.
Would a company that had your back have such loose ethics as these? We don’t think so.
You Don’t Have to Roll Over for the Insurance Company
You can fight back. The same people who scare countless insurance companies into paying full value on claims can help you avoid being taken advantage of by your insurer. Contact the McDaniel Law Group, PLLC, today by filling out our contact form, or call us at 877-620-3644 for a free consultation. Our extensive knowledge and eagerness to fight for you and your family are exactly the values you need to get the injury settlement you deserve. Call now!