Responding to a Low Settlement Offer from an Insurance Company

Although many insurance companies claim to have your best interests in mind when handling your claim, this usually is not the case. Insurance companies work in a for-profit industry, and they will do what it takes to protect their bottom line.

Every time insurers pay out on a claim, no matter how much the settlement is, they lose money. Insurance adjusters are trained to minimize settlements in many ways so the insurance company loses as little as possible.

If you are one of the many who have received unreasonably low settlement offers from the insurance company, read on to learn how to respond and how we can help.

Why You Were Lowballed

You would think that insurance companies would prioritize the needs of their claimants and policyholders. Unfortunately, insurers often have a one-track mind that is focused purely on profits.

Apart from being presented with a low offer in order to protect company profits, if you were presented with an offer that came very quickly, it’s possible that the insurance adjuster realizes how much your claim is actually worth.

In making you a quick but low settlement offer, the insurer is hoping that you’ll need the money badly enough that you’ll accept without considering how much your damages are really worth.

How Your Attorney Can Help

This is when the assistance of a capable attorney can be most beneficial to you. Insurance adjusters are going to do whatever they can to minimize the amount you receive. But your attorney will not allow you to walk away with anything less than what you deserve.

We will negotiate with the insurance company on your behalf until we are able to come to a fair and reasonable settlement agreement.

If we are unable to do so and the insurance company remains rigid in its decision to either deny your claim or refuse to offer an amount that will meet your needs, we can proceed with your case and have it heard in court. We’ll do what it takes to compel the insurance company to pay you what you deserve.

Contact a Chicago Personal Injury Lawyer

Don’t let a greedy insurance company take advantage of you in your time of need. By working with an experienced Chicago personal injury lawyer at Lane & Lane, LLC, you can ensure that you are protected from dishonest tactics used to reduce the amount of compensation you ultimately receive.

If you believe the insurance adjuster working on your claim has given you a lowball offer and you could use help negotiating an amount that will meet your needs, give our office a call at 312-332-1400 or fill out the contact form below to schedule your free case assessment.

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