Why Shouldn’t an Accident Victim Settle for the First Offer From an Insurance Company?

There’s a common misconception out there that insurance company payouts cover all losses of an accident victim. This is simply not true. In fact, in most cases, insurance payouts are designed to appease the victim with the smallest amount possible, often times just enough to cover the damage to their motor vehicle or bike. That leaves a lot of areas uncovered, from lost wages to medical bills arising from injuries sustained in the accident.

Bottom line: the insurance company is NOT your friend.

Complacency = Loss

Accidents can upset the lives of everyone involved. You’re understandably going through many emotions at once, along with pain from your injuries or that of your loved one. We know the last thing you want to do is drag out the experience longer than you have to. After all, you’re probably eager to put the incident behind you, start the recovery process, heal up and get back to your normal routine. You may even get comfortable thinking the insurance company will take care of everything.

This complacency can cost you more than you realize. The difference between contacting a personal injury lawyer and relying on the insurance company for an adequate payout can be devastating. If you remember nothing else, keep in this in mind: The main objective of the insurance company is to protect their insured rather than protect the inured.

Now, you are put into the position of defending yourself in the eyes of the law, even when you know you did nothing wrong. Trying to handle all this yourself and going up against the big insurance companies is daunting, confusing and downright overwhelming. It’s not easy, and it rarely ends up in your favor. That’s why you need to hire an attorney skilled in personal injury law to protect you in your accident claim can get you the compensation you deserve.

Don’t Risk a Financially Secure Future

By accepting what the insurance company says as gospel, you can suffer real financial hardship by accepting an offer that may not even come close to compensating for all your needs post-accident. Those may include:

• Lost wages
• Pain and suffering
• Hospital and medical bills
• Physical therapy
• Chiropractic care
• Vehicle and bike repair bills

Failing to enlist the help of a qualified, aggressive, experienced personal injury lawyer can harm your chances of a financially secure future. You didn’t cause the accident; why should you pay for its effects for many years to come?

Insurance Companies: Out for Profit

As the victim of an accident, you should generally not settle for the first offer from the insurance company. An insurance company, like any other business, is out to make a profit and protect its bottom line. It’s a simple model, really: the less money they give you, the more money they pocket. Most times, they get away with it. Unwitting victims settle for what they give them and the status quo is maintained. However, it doesn’t have to be that way.

The last thing the insurance companies want you to do is hire an attorney. They know they’ll be forced to pay you much more than they were willing to part with. They know your attorney won’t take their red tape excuses. They may even start to stall. After all, insurance companies make interest on every dollar they keep in their possession, which means it’s to their advantage to refrain from settling your case promptly.

The threat of legal representation likely won’t stop your insurance adjustor (often skilled negotiators in their own right) from inserting doubt into your mind with claims like “you won’t fare any better than this amount once your lawyer takes his fee,” or “our analysis shows this is a fair and reasonable value based on your injuries.”

Don’t believe it. You need to take clear, definitive action to show the insurance company who’s boss.

A skilled personal injury law firm like the Power Legal Group can help. We won’t let the insurance company cheat you out of what is rightfully yours. Call the Power Legal for a free consultation and evaluation of your case now at 800-323-POWER.