Recovery from a catastrophic car crash takes money, time and patience. And you’re scared and anxious, because if you’re severely injured, then you can’t work. If you can’t work, then you don’t have money. Your family is depending on you, and you don’t know what to do or where to turn.
Insurance companies know this. They also know that you will likely take the first settlement offer they make. But it’s probably a lot less than what your injury is actually worth.
Why do insurance companies make low offers?
Insurance companies are a business, and their primary focus is making a profit. That means paying as little as possible on claims. Here are some reasons why they make low offers:
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If you accept less money than your claim is worth, they retain more money for themselves.
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Insurance companies hope you’ll settle quickly to gain immediate relief. After an accident, you may face financial problems if you can’t work, and bills are piling up.
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Most people don’t understand the true costs of an accident, including ongoing medical treatment, lost wages and chronic pain. Insurance companies will take advantage of your lack of knowledge of how much you’re entitled to receive.
Insurance adjusters are trained to use specific strategies to minimize payouts. Knowing their tactics can help you avoid an unfair settlement.
1. They may argue your injury is less severe than you claim.
2. Arizona is an “at-fault” state, so the adjuster may challenge who was responsible for the accident.
3. They can use your statements against you. Seemingly innocent phrases can be taken out of context.
4. They may pressure you into thinking that the offer is a “take it or leave it” situation or claim it’s the maximum amount they’ll pay.
Insurance companies have had years to perfect their techniques. Talk to a legal professional so they can evaluate your personal injury case to estimate its actual value. They can negotiate with the insurance company for you, and if necessary, they can take the insurance company to court. There’s no need to settle for less than you’re entitled to.
