When you get in an auto accident, everything can feel like it happens too quickly. From the initial crash to the subsequent insurance claims, things tend to move fast. That is why it is important for you to understand your rights and acknowledge that the insurance company is not always on your side. Insurance companies are first a business. When they handle your claim, they do it in such a way that it saves them money. That is why you should be careful when an insurance representative or adjuster tries to persuade you into a quick settlement. More likely than not, they are working in their own best interest.
THEY WANT TO TAKE ADVANTAGE OF YOUR VULNERABILITY
Insurance companies understand that after an auto accident, you can be vulnerable. Upset about the collision, stressed about financial ramifications, and worried over physical damage, the last thing you may be focusing on is whether the insurance company is treating you fairly. They know this and may try to exploit the situation by persuading you to settle quickly.
THEY OFFER LESS THAN THE SETTLEMENT IS WORTH
Often times, insurance companies want you to settle because they are trying to save money. When they present initial settlements, the sum is probably lower than what you deserve. Hiring an attorney to review any settlement proposals can benefit you and ensure that you are not cheated out of a fair sum. Insurance companies hope to settle right after the crash, before you have a chance to obtain legal help.
THEY DON'T WANT TO PAY FOR MEDICAL INJURIES
When you are involved in a car crash, certain injuries may take time to appear or manifest. If you settle immediately with your insurance, you can potentially be signing your rights away to full compensation for injury claims. That is exactly what they want. They do not want to be responsible for extensive injuries that result from the crash.
THEY WANT TO SAVE THEIR REPUTATION
When an insurance company is constantly involved in a lawsuit or litigation case, word travels. They want to appear as caring, altruistic entities that care about individuals involved in a collision. They spend money on advertising pursuing such a reputation. That is usually not the case. By agreeing to a settlement, you can be signing away your rights to sue the insurance company later. That is exactly what they want, so that they can preserve their image of benevolence.
THEY WANT TO AVOID A LAWSUIT
When an insurance company offers you a settlement, they are essentially acknowledging their client's fault in the accident. They want you to settle to avoid litigation or going to court. Insurance companies usually do not want to get legal help involved. An auto accident attorney can help calculate the fair amount you are owed in damages and medical expenses. The insurance company wants you to settle before your seek legal representation.
Insurance companies are businesses that look out for their own interests. Do not get fooled into an early settlement without having a lawyer review your case. Our San Antonio auto accident attorneys can look over the details to determine what you deserve. We fight for your best interests. Call today for a free consultation.