Here are some tips for that first contact with the insurance adjuster to help you advocate for yourself or a loved one and set the stage for financial recovery instead of further anxiety and financial stress.
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When you’re involved in an accident, it’s an insurance adjuster who comes to evaluate your claim. Most likely they will come across as very friendly and professional, but it’s important to remember whose side they are on.
Insurers act fast because they want to get to you before lawyers that cost them money get involved. They also know they can get you excited with how fast they can get you cash.
Adjusters challenge a claim on its validity and value. In essence, an insurance adjuster is paid to work against your financial interests.
Insurers act fast because they want to get to you before lawyers that cost them money get involved. They also know they can get you excited with how fast they can get you cash. They’re hoping you’ll make a hasty decision that saves them a bucketful of money.
It will likely begin with your attorney negotiating your case with the mediator and highlight how strong the case is while submitting a demand to the other side which will do likewise. This is pretty much the process for the whole mediation.
There is no “rule” that an insurance company has to pay you a multiple of your medical bills as damages. In fact, many insurance carriers will typically offer claimants LESS than their medical bills alone.
Hopefully, you are never placed in this situation where you are without a vehicle, injured and now have to continue to pay on a vehicle you can’t use anymore and most likely still need another vehicle. A great way to avoid is to purchase what is called Gap Insurance.
Even after being a loyal customer paying premiums on time, accident victims rarely find their insurer to be as generous as they would believe.
I want to talk about one major benefit of hiring a personal injury attorney. It gives you leverage. Insurers know that if you don't have a lawyer on your side, you are in a "take it or leave it" situation.
Almost every major insurance company raised rates. Progressive penalized not innocent drivers the most by an average of 16.65%. Geico and Farmers were not far behind Progressive at 14.1% and 11.1%, respectively.
To protect yourself in the best way from a loss in an accident it is important to know the value of the insurance coverage, to know what Personal Injury Protection or PIP coverage is.
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