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Signs That Your Insurance Company Is Lowballing You

So, you have been hurt in an auto accident in Southwest Florida. Being a no-fault state, you know that you need to file a claim with your Personal Injury Protection provider. Ideally, your provider will cover the costs of your medical treatment and other losses. However, that is not always the case. We have seen numerous people who have accepted a lowball offer. Don’t fall victim to lowball offers. Here are the signs that your insurance company is lowballing you.

Why Do Insurance Companies Lowball Their Clients?

As unfair as it seems considering the sky-high premiums some companies charge, lowball settlement offers are not an uncommon occurrence. This is because insurance companies always try to limit their liability. They may bank on the fact that the claimant is not aware of the full value of their claim and will not hire a personal injury lawyer to guide them. Indeed, a large number of individuals do not hire lawyers and end up accepting lowball offers, and this is why some insurance companies continue with this practice.

6 Signs That The Insurance Company Is Lowballing You

They Offer A Settlement Offer Immediately

Insurance companies offer settlements to avoid litigation, where they will incur higher expenses and likely pay you a higher amount. They try to offer a settlement to claimants as quickly as possible to lure the individual into accepting without first researching and investigating their case. Without research and investigation, you cannot know how much you should be compensated. So, if you are offered a settlement right away, that amount is likely much lower than what you deserve.

They Ignore Evidence

Evidence is crucial in determining who is at fault for the accident and how much compensation you need. If the insurance company does not look into the evidence—your narrative of what happened, pictures from the accident, medical records, and other documentation—and say that they are irrelevant, they are surely lowballing you.

They Refuse To Explain Their Calculations

If the company is also dismissive of your questions and refuses to explain how they arrived at the figure in their settlement offer, there is a very high chance you are being lowballed. They should be able to back up their offer with numbers that consider your expenses and losses appropriately. Do not accept an offer that they cannot explain adequately.

They Say Your Injuries Are Not That Serious

Individuals who question their insurance company’s settlement offer often hear that their injuries are not that serious. The company may employ various tactics to dismiss your medical treatments, such as saying that your treatments are unnecessary or that you had a pre-existing injury. Do not let their tactics get to you because these are just ways to reduce the amount of the settlement and to get you to accept a low offer.

They Put The Blame On You

This often happens to claimants who are pursuing the other driver for compensation. To avoid paying, the insurance company may attempt to put the blame on you. They may try to say that you are partially to blame to reduce the cost of the compensation you get or try to blame you completely for the accident to deny your claim. In this instance, you need strong evidence that the other driver is really at-fault such that the company will be forced to give you the compensation you deserve.

They Ignore You

If you were smart enough to notice at first sight that they were lowballing you and declined their settlement offer, you may find that the company will start ignoring your calls, messages, and so on. They will claim that they lost your documents—anything to stall the progress of your claim. Their goal is to make you feel frustrated. Once they realize that you feel like you have lost your opportunity, they will call you again with another lowball offer, which when you are frustrated, you will likely accept.

What To Do When You Get A Lowball Offer?

Stand your ground against lowball offers from insurance companies like this. Protect yourself from deceit by hiring an experienced Southwest Florida personal injury lawyer immediately. Your lawyer will help you assess how much compensation you should get and what to do to avoid falling victim to lowball offers.

During his time as a public attorney for the State of Florida, Bernard Walsh developed a passion for defending the legal rights of Florida's citizens. Having seen many people being taken advantage of after being injured and the financial harm that can cause for families he committed himself fully to helping injured clients get justice, by fighting to make greedy insurance companies pay what they owe.

Signs That Your Insurance Company Is Lowballing You

Goldman Babboni Fernandez
Murphy & Walsh

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