by

Michael D. Ponce

Last Updated October 14, 2010 In Personal Injury

Protect Yourself from Low Insurance Settlement Offers with an Attorney:

When someone is injured because of the negligence of someone else, one of the first entities that tends to get involved in the aftermath of the situation is the negligent party’s insurance company. Most insurance companies send a representative whose title is that of insurance adjuster to help work towards a negotiated settlement of the matter. However, insurance adjusters are not necessarily working with the best interests of the injured person in mind, and those that face this situation should seek the immediate help of experienced Nashville personal injury lawyers for several reasons. Below are a few examples of why this type of help is necessary.

Insurance Adjusters Are Skilled at Limiting Liability

As stated above, the insurance adjuster owes his or her professional responsibility to his or her employer – the insurance company. Insurance companies are for-profit corporations, and their value and thereby their success or failure is largely defined by their stock price. Stock prices are largely determined by profit, and one of the central components of profit for insurance companies is the amount of money that doesn’t have to be spent. In short, the lower the amount of liability that insurance companies face, the higher their profit margins will be.

Low Insurance Settlement Offers are the Norm

As a result, most insurance adjusters who deal directly with injured people will provide nothing but low-ball settlement offers. There are many reasons for this approach, including:

1. The belief that the injured person will not want to file a Tennessee personal injury lawsuit
2. The belief that the injured person will become increasingly desperate for money to off-set growing costs
3. The belief that the injured person will not want to risk losing a claim altogether because of the statute of limitations.

Therefore, many insurance adjusters are content to simply offer a low figure and sit and wait for the injured person to become nervous and accept it.

How Nashville Personal Injury Lawyers Can Help

However, despite these unfortunate norms, there is a way to get around most of these tactics. Working with Nashville personal injury lawyers will immediately alert the insurance company that there will be no hesitation to take a matter to court if necessary. In addition, Nashville personal injury lawyers can place tangible value on a claim with as much precision as an insurance adjuster, and an attorney will recognize other tactics that are commonly taken and deal with them quickly.

If you or someone you love is involved with negotiating with an insurance company, seek the help of the Nashville personal injury lawyers at Michael D. Ponce & Associates. Contact the firm today to schedule a free initial consultation.