Three Things Auto Insurance Companies Don’t Want Accident Injury Victims To Know
No matter what they say to get your business, insurance companies are not your friends. They are businesses that are trying to maximize their profit margins, even at the expense of their customers. When you are in an auto accident, you need to be very careful. Insurance companies will pull a number of tricks to get you to settle for less than what your claim is worth. The more you understand about how they work, the better you will be able to protect yourself. Here is what you need to know.
Common Tricks Played By Insurance Companies
When you’ve been practicing auto accident law as long as we have, you’ve seen all the dirty tricks. Some of the most common ones we see include:
● Lowballing the settlement in hopes of getting you to settle for less, even if you negotiate a higher value
● Burying you in procedures and paperwork in hopes of frustrating you into giving up
● Manipulating you into admitting fault when you were the victim
● Tricking you into releasing all your medical records so they can use your past medical history against you
● Offering you money in hopes you sign a release that waives your right to full compensation
● Delaying action on your claim hoping to run out the statute of limitations
● Secretly spy on you and use things like your social media posts against you
● Minimizing and downplaying the extent of your injuries, even to the point of outright accusing you of lying to make money
As you can see, they really do not have your best interest at heart. Fortunately, you can combat these things if you have the right information.
Three Things Insurance Companies Hide From Their Customers
To help you understand more about your rights and their legal obligations, here are three things that we know the insurance companies do not want you to know:
Claims Adjusters Are Skilled Negotiators
Insurance companies present claims adjusters as customer service representatives that are here to help their customers out of a tough situation. The reality is, insurance adjusters are not there to help you. They are there to protect the financial interests of their company. Though they can seem extremely friendly and even like they are protecting your interests, that is not the case. They are trained to get you to settle for the least compensation possible. The friendliness is simply a part of it.
There Are Penalties For Acting In Bad Faith
Florida state law is clear when it comes to oversight and accountability for auto insurance companies. They are legally required to negotiate in good faith with the best interests of you in mind. However, insurance companies regularly push the boundaries of this law because they believe that people don’t know their rights. The fact is, if they operate in bad faith you can report them to the Florida Office of Insurance Regulation. Depending on their actions, they could face severe penalties.
Insurance Companies Are Afraid Of Attorneys
Insurance companies know that once an attorney takes a case, they will have to pay a fair settlement. Attorneys know how much a claim is really worth and will demand they pay not a penny less. It doesn’t stop there, auto accident attorneys know the law inside and out. They will use that knowledge every time the insurance company tries to pull a dirty trick.
The attorneys at Justice Pays have a reputation with South Florida insurance companies as being tough. They know that once you hire our team, they know they’ll have to pay what is fair. To learn more about how we can help you battle the insurance companies, call us at 1-888-954-1234. We’ll review your case and help arm you with the knowledge you need to win a fair claim.