Insurance companies are often viewed as prioritizing their own financial interests rather than the well-being of their policyholders. While they may not be inherently evil, their primary objective is to safeguard their bottom line. There are 3 top mistakes that can be made to decrease the amount of money you receive.
- Placing trust in the adjuster assigned to their case. Adjusters are tasked with gathering information and asking questions, but their ultimate goal is to find grounds to deny the claim. Therefore, it is crucial not to naively assume that the adjuster has their best interests at heart.
- Accepting a settlement offer that falls short of what the injured party truly deserves. Insurance companies have a clear understanding of the value of claims and often employ claims specialists or adjusters who may attempt to persuade claimants to settle for less. Without the knowledge of their claim’s true worth, individuals may unwittingly accept inadequate compensation.
- Failing to negotiate with the insurance company. While the initial offer presented by the insurer may seem reasonable, it may not be their final and highest offer. Without the expertise of someone experienced in negotiating with insurance companies, claimants run the risk of settling for less than they deserve.
To avoid making these mistakes, it is advisable to consult a personal injury attorney before taking any actions that could jeopardize the claim or result in an inadequate settlement.