Despite spending millions of dollars every year on advertising campaigns that are designed to convince people that they have their best interests in mind, insurance companies have one goal—protecting their own profits. Unfortunately, raking in big profits and paying out fair settlements to victims don’t go hand in hand, and that means people who need compensation after accidents often face uphill battles.
Insurance companies protect their profits via large teams of adjusters who get in contact with victims soon after their accidents. Their job is to either deny victims’ settlements or get them to accept lowball settlements that don’t pay nearly enough to cover their medical bills and lost wages.
If you were recently injured in an auto accident, it’s important to know that the insurance company will go to great lengths to avoid paying you the money you deserve. Here are a few pitfalls to keep in mind when talking to the insurance company:
- Stick to the facts of what happened—Insurance adjusters often get victims to talk candidly about their accidents in an effort to extract more information from them, including admissions of guilt. Sticking to the facts can help you protect your claim.
- Don’t accept a settlement without speaking to a lawyer—Insurance companies know that victims need money right away after their accidents. That’s why they offer lowball settlements in the days or weeks after crashes. When victims accept those settlements, they may be unable to pursue additional compensation.