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The Other Insurance Company Is Not Your Friend

If you get into an accident, are injured, but are not at fault, then this inevitably means someone else is responsible. As you would expect, an injury or property damage that you are not at fault for causing should not have to be paid for by you. Why should you repair your own car, or pay your own medical bills for your medical treatment if someone else caused it? It’s not fair.

However, when someone else is responsible, in most cases, they are not necessarily going to be the ones on the “hook” for meeting your financial obligations; their insurance company will. In theory, this simply means that instead of dealing with your own insurance company, you deal with another, but, like with your insurer, they hear you out, process your claim, and then pay out whatever you are owed under the conditions of the policy.

In practice, this is not always what happens. In fact, while many insurance companies encourage people to pay their premiums every month, they are hoping just as much—if not more—that nothing bad actually happens, so that they don’t have to honor the agreement. And if something bad does happen, some companies try to find ways to avoid paying anyway.

Profit, Not Ethics

Despite offering a service that theoretically provides financial support in times of need, some people in insurance companies will work very hard to avoid honoring a significant insurance payout. Insurance companies profit by making more money in a given year from people paying their monthly premiums than they lose in paying out for certain incidents, such as car accidents, in the case of car insurance companies, or death, in the case of life insurance companies.

However, paying for medical treatment, or lost wages as a result of someone becoming disabled due to an injury caused by the negligence of that insurer’s client can be a potentially huge figure. If people in management or accounting are looking at the “bottom line” of financial health for the insurance company, they realize that a significant payout can hurt company finances, even if it doesn’t necessarily threaten financial health.

Taking The Low Road

This is why for many people who are injured through no fault of their own, it can sometimes be more prudent to approach a personal injury lawyer, especially if you are thinking of undertaking a lawsuit, or just want to make sure that you are negotiating a fair settlement.

Insurance companies will rarely do anything outright illegal, but that doesn’t mean they can’t act in “bad faith.” For example, if you don’t have legal representation, some insurance companies will simply not take your calls, or respond to your emails, hoping that you will get so frustrated that you eventually go away on your own accord, and they won’t have to pay out.

Other tactics insurance companies use is to aggressively negotiate for a far lower settlement than you are rightfully entitled to, inundate you with unnecessary bureaucracy and other red tape to delay the recognition of your payment, or even agree to pay, and then stall. A good personal injury lawyer, however, can be your advocate in overcoming these hurdles.

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.

The Other Insurance Company Is Not Your Friend

Goldman Babboni Fernandez
Murphy & Walsh

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