Insurance companies are in business to make money. In this day and age, they are not benevolent associations that exist to aid and assist people injured in automobile accidents. There are a number of important facts you need to keep in mind when it comes to the prospect of negotiating a claim settlement with an insurance company.
A Quick Settlement Usually is a Bad Settlement
A primary objective of an insurance company claims adjustor is to limit the financial exposure of the insurer. In other words, the claims adjustor strives to pay the smallest amount possible on even a bona fide claim.
One strategy utilized by an insurance company is settling a claim quickly and for a low dollar amount. A claims adjustor understands that an injured person oftentimes is eager to get money in his or her pocket. A claims adjustor operates under the assumption that an injured person prefers getting quick cash in hand, even for a smaller amount, than having to wait a bit longer to obtain a more appropriate level of compensation. Moreover, a claims adjustor may attempt to hustle to get a settlement before you obtain representation by a skilled, experienced personal injury lawyer.
In the vast majority of cases, a quick settlement proposal put forth by an insurance company is not appropriate compensation. Once you sign off on a settlement, you cannot go back to obtain additional compensation.
Types of Compensation Following a Car Accident
Automobile accidents are notorious for causing substantial injuries. You may be entitled to compensation for an array of different types of losses. These may include compensation for medical bills, lost wages and pain and suffering.
In addition to being compensated for current losses, you may also be entitled to compensation for losses that you reasonably may be expected to incur in the future. An experienced personal injury attorney is in the best position to know the nature and extent of compensation to which you are entitled.
Retain an Experienced Personal Injury Attorney
You need to be proactive when it comes to retaining a personal injury attorney. You should not engage in claims settlement negotiations with an insurance company unrepresented by legal counsel.
Pacific Attorney Group maintains a tenacious team of lawyers with significant experience in negotiating claims with even the largest, toughest insurance companies. The lawyers at the Pacific Attorney Group understand what strategies to employ to fight for the most appropriate compensation for a client.
An initial consultation with a personal injury lawyer at the Pacific Attorney Group can be scheduled by calling 800-357-9617. There is no charge for an initial consultation and case evaluation.