Despite what they may say in their radio and television commercials, insurance companies really are not working for you. Insurance companies, like all businesses, are first and foremost interested in profit. By paying out compensation in an accident claim, the insurance company is losing money. Consequently, insurance company adjusters will use every trick in the book to try and undervalue your claim – and to try and get you to settle for less than what your injury case is worth.
At Bice Law, our experienced legal team is fully aware of these tactics and tricks used by savvy insurance companies and their adjusters. If the insurance company persists in undervaluing your claim and refuses to offer you the compensation you deserve, our legal team is not afraid to file a lawsuit against the at-fault party and litigate your case to a conclusion.
Some offers made by an insurance company are extremely low and are much less than the actual value of the personal injury case. This is especially true with initial settlement offers. Insurance companies make low initial offers to see if the accident victim is in a hurry to settle, and if so, to settle the case for as cheaply as possible.
Another tactic that insurance companies typically use is to delay settlement for as long as possible. In many cases, the insurance company has no financial incentive to settle your case and may drag the matter out for as long as possible. This can be problematic for accident victims, since during this time, medical bills are often piling up.
Requesting Overbroad Medical Authorizations
In some instances, insurance companies request that accident victims sign overbroad medical authorizations. This is another delay tactic, and in many instances, these authorizations request medical documentation which is irrelevant or has nothing to do with the case. Also, in some instances, the insurance company (or defense counsel) could obtain the requested records themselves simply by making use of the court’s subpoena power.
Misrepresenting Your Legal Rights
In some cases, the insurance company might try and misrepresent your legal rights. For example, an adjuster might claim that you are not entitled to pursue certain kinds of monetary damages, such as compensation for pain and suffering.
Moreover, an adjuster might misrepresent to you that you must provide the insurance company with a recorded statement. This is simply not true. In fact, providing a recorded statement to the adverse insurance carrier without counsel present could be seriously detrimental to your case.
Speak with a Carolina Personal Injury Lawyer Today
At Bice Law, our legal team can make sure that you are not being pushed around by the insurance company. We are well aware of the tactics that insurance adjusters use to try and undervalue claims and can fight for your right to recover compensation for your injuries.