Things to Know About Auto Insurance Companies
When you’re injured in a car accident, you like to think that there’s one company you can rely on to cover your expenses: the insurance company. You pay into your insurance policy to protect yourself from these types of accidents and losses.
However, there are a few things you’ll need to know about your insurance company before you file your claim. If you file without knowing what to expect from your insurance company, you may unintentionally settle for less, or you may be left without any compensation at all. Make sure you know what your insurance company will offer or do before you file anything.
They’re For-Profit Companies
When you’re hurt in a car crash, you’ll need to notify your insurance company, and you may expect them to offer you a fair settlement that meets all your needs. Unfortunately, they may not be entirely on your side.
Keep in mind that insurance companies are also for-profit companies. Because they’re also a business, they may be more concerned about protecting their profits and their investors. Unfortunately, that means they may try to pay less than what your car accident settlement is worth.
They may try to lowball your settlement, or they may claim you were partly at fault for the accident, reducing your claim’s worth. Unfortunately, the insurance company’s actions keep many people from receiving the full compensation they deserve after an accident.
You Don’t Have to Accept Their Settlement
When you receive a settlement offer that doesn’t cover all your expenses, it can be disappointing. You expect the full amount you’re owed, but your settlement doesn’t meet that. Unfortunately, many car crash victims assume that they have to take whatever the insurance company offers them.
However, you don’t have to accept their initial settlement offer. Instead, you can find the total worth of your economic and non-economic damages, then write a demand letter for your full compensation. Your lawyer can help ensure you seek out damages for all the suffering you’ve experienced and can help you present the letter to your insurance company.
Contact an Attorney when Facing Insurance Companies
When you’re hurt in a car wreck, your first thought might be to present the claim to your insurance company. However, although they should provide the compensation you deserve, they may try to fight back to protect their own profits.
That’s why you need a lawyer from Mahoney & Mahoney, LLC. Don’t accept a settlement just to get your compensation quickly. Instead, seek out a lawyer who will fight for the full amount you deserve. If the insurance company refuses to pay what you’re owed, we’ll even fight for your compensation in court.
If you’re dealing with the aftermath of a car accident, reach out for guidance. We offer free consultations, so you’ll know what to expect from your claim before we get started. You won’t sign anything until you know we’re the right firm for you. When you’re ready to get started, reach out to us by calling 815-656-4600 or by completing the online form below.
