In the aftermath of an accident, you’re going to find yourself dealing with your own insurance company as well as the other driver’s insurance provider. Although representatives from these businesses might seem friendly enough, you shouldn’t let your guard down too much around them. If you do, you might be putting yourself at risk of losing out on the compensation that you deserve.
Top reasons not to trust an insurance company
There are a lot of reasons to be distrustful of insurance companies as you work toward settlement. By being cautious when approaching them, you can better protect your interests. Here are some of the top reasons why you shouldn’t trust the insurance companies that you’ll be speaking to:
- They’re in the business of making money: Regardless of how they market themselves, these insurance companies seek to make as much money as possible. The best way for them to achieve that goal is to collect as much as they can in premiums and pay out as little as possible in claims. Therefore, they’re going to be looking for ways to either deny your claim or pay you as little as possible.
- Your words will be taken out of context: Because they want to try to maximize their profits, the insurance company is going to twist your words. Therefore, even though the insurance adjuster might seem friendly, you should be extra careful with what you say to them.
- They’ll withhold information from you: When the insurance company contacts you, they’re not going to share all of the information they have with you. This can put you at a disadvantage when you’re trying to recover what your claim is actually worth. By not being forthcoming, the insurance company might dupe you into accepting an offer that’s less than you deserve.
- They’re attorneys are skilled negotiators: The insurance company is going to have a team of attorneys on its side. These legal representatives will know how to deploy effective negotiations strategies aimed at forcing you into an agree that’s not in your best interests. They might lowball settlement offers, claim that they’ll never go higher than a specified payment amount, or indicate that they’re only going to make their offer one time. Try not to fall for these slick tactics.
- They might try to record your statement: In order to lock you into your position or pin you down on critical facts, the insurance company might try to record your statement. If they ask you to do so, you should refuse until you can consult with a legal professional. That way, you’re not trapping yourself in an unfavorable position as you move forward with your claim.
These are just some of the reasons why the insurance company isn’t your friend. Therefore, as you prepare to move forward with your case, you should hope for the best but prepare for the worst when it comes to dealing with these businesses.
Don’t get taken advantage of in your case
How you handle your case can have a tremendous impact on your ability to recover the compensation that you need. That’s why as you navigate these matters, you need to know what you can do to protect yourself as fully as possible.
An attorney who has handled these kinds of personal injury cases in the past may be able to help you navigate the process and make the decisions that are right for you and your family. With that in mind, it might be wise for you to discuss your case with one of these attorneys to find the best path forward for you and your family.