9 Secrets Insurance Companies Don't Want You to Know

9 Secrets Insurance Companies Don't Want You to Know

9 Secrets Insurance Companies Don’t Want You to Know

When you have an emergency or suffer a serious accident, the best outcome involves your insurance company stepping in and taking care of your recovery. Unfortunately, many insurers are more driven by profit than by fulfilling their responsibility. If your insurer isn’t doing what they are supposed to, here are some things you ought to know about how to protect your interests as you proceed.

Don’t Trust the Insurance Adjuster

Upon making your claim, the insurance company will send a friendly representative to talk you down from demanding an appropriate settlement. The job of this person is to save the company money, so keep that in mind when they tell you that your case doesn’t deserve what you’re asking for.

Hire an Attorney

If you were issued an undersized settlement check from an insurance company, you should retain the services of a legal professional who is familiar with these situations. Your insurer may tell you this is a bad idea — that hiring a lawyer is just a waste of money — but that isn’t true. A lawyer can help you know exactly what you are owed and how to move forward.

Protect Your Medical Information & Testimony

When speaking with the insurance company, a good idea is to limit the amount of information you give. They may tell you they need more information before processing your claim, but this may only be for the purpose of having more leverage against your claim. Speak with an attorney before granting access to records or making any statements.

Not Everything They Say Is True

The insurance company is not obligated to give you all the information you need to make an informed decision. For example, they may be able to offer a larger settlement than they say, but as they want to negotiate down to the lowest amount possible, they may offer less.

Settling Is Cheaper for Them

Hiring an attorney is important because you may only be able to obtain a fair settlement in court. However, the insurance company may tell you differently. Remember, if you can prove that they were acting in a fraudulent way, you will be awarded damages accordingly. Courts do not like to see insurance companies acting unethically.

Visit a Doctor You Trust

The insurance company may require that you visit one of their approved doctors, but this is not required. In fact, some of these doctors are contracted by the insurer based on their ability to downplay your injuries and help the company pay a smaller settlement. Speak with a lawyer first.

Adjusters Make Observations about You

When you receive a visit from the adjuster, be aware that they are documenting what you do in order to make a case for your needs. Be careful about what you say, and, if possible, contact an attorney first.

They Have the Money to Pay You

Remember, the insurance company is in business to make money. If you hear they don’t have enough to pay you a certain amount, it is only because they think you’ll believe them. Speak with an attorney and get started building your case to obtain what you need to recover.

Insurance Is a Political Business

For years, insurance companies have spent money on lobbying for laws that protect them from lawsuits. While it may seem like you have no power in the situation, the court system can help you obtain the right outcome for your needs. Do not hesitate to contact a Houston insurance claim lawyer if you feel your settlement is unfair.

If you are considering an insurance lawsuit, contact the team at Daly & Black, P.C. by dialing (888) 492-2671 today for a free consultation.

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