What to Do if the Insurance Company Lowballs Your Settlement Offer

Injury Claim

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What to Do if the Insurance Company Lowballs Your Settlement Offer

If you have been injured by someone else’s negligence, you face a difficult road ahead, and obtaining the compensation to which you are entitled is the best way to help ensure that you have the resources you need to reach your fullest recovery. Unfortunately, the insurance company involved is motivated by large profits and will do everything in its power to settle with you for less. Herein lies the number one reason why working closely with an experienced personal injury attorney in your area is always well advised.

The Lowball Technique

It is easy for insurance companies to throw lowball settlement offers out there to their claimants, and there are many advantages associated with doing so (for the insurance company), including:

  • By offering less than the claimant is entitled to early on, it catches people when they are most vulnerable and who may be willing to take lowball offers before they understand everything that is at stake for them personally.

  • Low settlement offers that are made early can hook claimants into accepting before they are aware of the full extent of their damages (and future healthcare implications, such as subsequent surgeries and ongoing treatment).

  • Low settlement offers that are made later in the personal injury process can catch claimants when they are facing mounting medical bills and, as such, are willing to accept out of desperation.

  • Often claimants accept lowball settlement offers out of frustration and/or fear (the insurance company makes the recovery process so protracted and burdensome that the claimant fears the matter will never be adequately resolved and simply acquiesces).

All of these represent legitimate concerns, but an experienced personal injury attorney can help you get to the heart of the matter and help you skillfully fight for the compensation you need to cover your physical, financial, and emotional damages in their entirety.

The Number One Mistake to Avoid

If you have been injured as a result of someone else’s negligence, such as in a traffic accident, the insurance company involved is going to seek a formal statement from you. In fact, the insurance company is invested in doing this sooner rather than later – in an effort to catch you at your most vulnerable and when you are most likely to be coaxed into saying something detrimental to your claim. In fact, insurance adjusters are adept at eliciting detrimental statements from claimants. You are not required to make a statement to the insurance company, and you are well-advised to avoid doing so altogether.

You Need an Experienced Killeen Personal Injury Attorney on Your Side

Personal injury claims represent important but complicated legal matters, and attorney Brett Pritchard at The Law Office of Brett H. Pritchard in Killeen, Texas, has the experience, legal insight, and commitment to help ensure that your rights and rightful compensation are well protected throughout. To learn more about how our dedicated legal team can help you, please do not wait to contact or call us at 254-501-4040 today.

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