When you’ve been in a serious accident, recovery isn’t easy, and you could be dealing with the physical, emotional, and financial effects for years to come. The insurance company should compensate you for your suffering, right?
Unfortunately, the insurance company might be more concerned with minimizing its loss than providing you with the full compensation you deserve. Before accepting a settlement offer or telling the insurer anything beyond an initial notice of the accident, speak to an accident lawyer in Chicago for help understanding your claim.
Underhanded insurance techniques can cost you, so we’re mentioning a few insurance negotiating tactics to watch for after an accident.
Lowballing Your Settlement
Although we expect our insurance company to protect us when disaster strikes, it doesn’t always work out that way. Insurance companies are for-profit businesses, which means they have investors to keep happy. Their profits, more than your recovery, are the top priority. As such, the insurer might act in bad faith and fail to offer you the fair settlement you need.
Because of this, you can expect the first settlement offer to be low. The insurance agent might tell you that this amount is the best they can offer. That’s rarely true, and that’s why it’s important to know what your claim is worth. An accident lawyer can help assess the worth of your damages.
Be Wary of Too-Friendly Agents
Sometimes you might encounter a friendly insurance agent who seems eager to settle your claim. He or she is conversational and asks numerous questions. It might seem harmless. After all, they need that information for your claim and to determine what your damages are worth, right?
Keep in mind, however, that insurance calls are typically recorded. That means anything you say can later be used against you to decrease your claim’s value.
The insurance agent might be asking several friendly questions, but he or she could also be looking for a statement that contradicts one of your earlier statements. They’ll use this recording to decrease your settlement offer, or even refuse to settle the claim at all. If you’re concerned about interviews with insurance agents, a personal injury attorney can help.
Speak to Your Lawyer First
Insurance companies might be your first option when we’re dealing with an accident, but that doesn’t always mean it’s the end of your troubles. There are certain insurance negotiating tactics to watch for after an accident. These tactics can hurt your claim.
Fortunately, a lawyer from Lane & Lane, LLC can help when the insurance provider refuses to offer the full settlement you deserve. Having someone on your side to help negotiate your settlement allows you to focus on healing. Our attorneys can determine whether the insurance provider is acting in bad faith, beginning with a free case review.
Are you struggling to reach a fair settlement with your insurance company after an accident? Reach out by calling 312-332-1400 or by filling out the online form below.