Insurance claims adjusters will often contact you right away after an accident. They will do what they can to convince you that they are there for you, they understand what you are going through and they want to maximize how much they give you so that you can get back on your feet. The reality, however, is that insurance claims adjusters are not what they seem. In fact, they have plenty of secrets they keep from claimants as well as their own customers, regardless of whether you have been a paying customer for 20 years or just six months.
Secrets Insurance Companies Don’t Want You to Know
- Your insurance company is not your friend. They are a business and businesses are not successful if they are not out to make money. The less compensation an insurer gives for an accident, the more they profit, meaning adjusters are not going to give you maximum compensation.
- Insurance companies hope you don’t hire an attorney. Your insurer will not want an attorney involved because if you have a personal injury attorney, they know they will have to pay more than if you do not have an experienced personal injury attorney on your side..
- Insurance companies will tell you that previous injuries don’t count. If you have had a back injury in the past and it was aggravated by a car accident, your insurer will try to tell you that you cannot collect compensation for that injury. However, that is not true. You can collect compensation for a serious injury regardless if you had a previous one. At a minimum, the new accident is an aggravation of the prior injury.
- Insurance adjusters are skilled negotiators and trained to do such. An insurance claims adjuster is expertly trained in negotiations. They will tell you that they are giving you their best offer, but the reality is that they have much more they can give.
- Insurance companies want to settle your case, but they will pretend that they don’t care if you go to court. To make you think that the insurer doesn’t care, they will try to tell you that they don’t care if you go to court and make offers seem as though they are final. In reality, insurers want to settle before court; otherwise, they could end up paying a much higher settlement.
- Your insurer will leave out things. You could be entitled to compensation for things like prescription medications, rental car coverage, damage to personal items in your vehicle, etc. Your insurer will make you think you are not entitled to compensation for these, but you are.
- Insurance adjusters still talk to their in-house attorneys. Insurance companies have full law firms on retainer and those attorneys are advising adjusters as to how to negotiate a settlement, what options they have and what rights the plaintiff may have.
- Insurance companies have reserves set aside that they do not want you to know about. These reserves hold millions to billions and sit and gain interest to pad the insurance company’s profits when they are supposed to be there for customers.
- Insurance companies are not interested in settling your case quickly. The longer it takes to settle your claim, the more likely you are to give up. That is why they encourage you to not hire an attorney so that they can continue to push your claim to the side.
- Insurance companies give their lowest offer first. The most important thing to understand is the offer you get is not final and it is not the best. Instead, insurance companies will give you their lowest offer and see if you take it or negotiate with them. In the case of a serious injury, that first offer will look much bigger than it is.
Speak with a Personal Injury Attorney Before Talking to Insurance
If you have been seriously injured in a car accident, motorcycle crash or other type of accident, do not rely on your insurance company to tell you the truth. Instead, contact Jeffrey Harlan Penneys, Esquire today. He can assist you with filing your insurance claim, negotiating a settlement and taking insurance companies to court. Schedule your consultation now by reaching him on his cell phone at 215-771-0430 or contact the office toll-free at 800-465-8795 or local at 215-987-3550. You can also ask a question online.