If you’ve been in a car accident, you expect your insurance company to cover your damages. Unfortunately, insurance companies often underpay claims, leaving victims to cover the difference. Understanding why this happens and how to fight for fair compensation can make a significant impact on your financial recovery. For assistance in maximizing your claim, reach out to Russell Accident Law for expert legal support.
The primary goal of any insurance company is to maximize its profits. One way they do this is by minimizing the amount they pay out in claims. Insurance adjusters are trained to look for ways to reduce payouts, whether by questioning the extent of your injuries or the necessity of certain repairs.
It’s common for insurance companies to offer a low initial settlement in the hopes that you’ll accept it quickly. Many people are tempted to take the first offer because they need money right away to cover medical bills and repairs. However, these offers are rarely enough to cover the full extent of your losses. It’s important to negotiate or consult a lawyer before accepting any settlement.
Insurance companies often dispute the cost of medical treatments, claiming that certain procedures or therapies are unnecessary. They may also argue that your injuries are not as severe as you claim, or that they were pre-existing conditions. In these situations, it’s essential to have medical records and expert testimony to back up your claim.
Another tactic insurers use to underpay claims is by disputing liability. If there’s any ambiguity about who was at fault for the accident, the insurance company may try to shift some or all of the blame onto you. This can significantly reduce the amount they have to pay, even if you were not at fault.
In cases where vehicle damage is involved, insurance companies may delay the approval of repairs or suggest using lower-quality parts to keep costs down. These tactics can leave you without your car for an extended period, or with substandard repairs that affect the vehicle’s value and safety.
If you believe the insurance company is underpaying your claim, you have the right to challenge their decision. Hiring a personal injury lawyer can be instrumental in negotiating with the insurance company and ensuring that you receive a fair settlement. A lawyer will gather the necessary evidence, negotiate on your behalf, and even take your case to court if needed.
For help fighting against lowball offers from insurance companies, contact Russell Accident Law today.
