One of the most difficult factors of a car accident case is dealing with an insurance company that is not your own provider. This is the case when the crash is caused by someone else’s negligence. You are taking legal action against the responsible party and his or her insurance company is supposed to be responsible for the compensation owed to you.
While you may think that the premiums paid obligate insurance companies to pay out, this is not always the case. There are some truths that you should know and, as well as a lie that the insurance company may try to say to protect their own bottom line.
Truth #1: the Insurance Company Is Focused on Profits
At the end of the day, insurance companies are large corporations with numerous employees. The moment they have to pay out large amounts of compensation to an injury victim, they are taking away from their bottom line.
To save themselves from losing money, they try to take the value out of your claim and either put you at fault or offer a settlement that is less than adequate in hopes that you need money badly enough to settle for a minimum amount.
Truth #2: the Insurance Company Wants a Recorded Statement to Use Against You
When the other party’s insurance company contacts you for a recorded statement, they’re looking to find a way to limit their liability. They’ll listen for any statements you make that they can use against you and minimize how much they have to pay or try to put fault on you for the accident.
You don’t have to provide the statement without the help of a legal advocate of your own who can prevent you from damaging your case.
The Lie: if You Don’t Accept the Settlement, You Won’t Recover Anything
One way the insurance company tries to convince you to take the settlement is claiming that you’ll get nothing if you don’t accept the offer. This is not true. If the settlement is not adequate enough to cover the damages sustained, you can pursue further legal action to seek the compensation you need.
Our car accident lawyers at Hare Wynn are ready to help you take the necessary steps to pursue compensation.
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