What You Need To Know About Dealing With Insurance Companies
Insurance companies are in the business of making money. They will settle claims for as low a number as they can, regardless of whether that is a reasonable number or not. If you are the plaintiff or defendant in a case, you will likely have different opinions on what is a reasonable settlement. The claim adjuster will typically only look at the hard economic damages when making a decision.
Insurance companies don’t factor in mental anguish, pain and suffering, inconvenience, or lost time at work when calculating settlements. If you’re the plaintiff, you can try to represent yourself. But most people who are injured, especially severely, won’t win anything reasonable if they try to negotiate their own settlement with an insurance company.
How To Get Fair Compensation When Insurance Companies Play Hardball
It can be hard to know what your options are if an insurance company comes back with a low offer – or even denies your claim altogether. This is one of the many reasons why it’s so crucial to have an experienced attorney on your side throughout your claim.
Your attorney will develop a damage model to help you accurately understand and predict the damages you may face after an accident. This model will take into account the immediate consequences of the accident as well as any long-term repercussions. By understanding all potential damages, you can make more informed decisions about their future.
Assuming it’s an injury case, we would develop a significant damage model and use expert testimony to present the damages. In a situation like this, where someone is seriously injured, we would do everything possible to try and help them as quickly as possible. This way, we can be well on our way to discovering the true value of the client’s case.
Getting A Fair Settlement Doesn’t Always Come Quickly
It is seldom fruitful to attempt a serious negotiation in the early weeks or months following an accident, as those who are seriously injured will likely need time to understand the full extent of their damages. This understanding forms part of their damage model and must be taken into account when seeking a settlement.
There are some things to keep in mind when you are in an accident. The first thing is, what kind of insurance does the other person have? Most people have minimum liability insurance, which is only $20,000 per accident. That might not be enough to cover all the damages if you are in a serious accident.
If you’ve been injured in an accident, the last thing you want is to be low-balled by the insurance company. Unfortunately, this is often the reality of the situation until the threat of a trial arises. The insurance company may offer you a settlement that is far below what you deserve, and then they may try to silence you or drag their feet in hopes that you’ll just go away. However, with the help of a veteran lawyer for civil claims, you can be sure to receive proactive support to find the compensation you deserve.
For more information on Civil Claims Law in Texas, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (713) 270-0097 today.
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