Most personal injury lawyers make the insurance companies out to be the bad guys. While insurance adjusters are always on the opposing side of car accident victims in personal injury cases, understanding the motivations for their actions helps you better understand the strategy you must take to beat them at their own game.
Car insurance companies work just like all insurance companies. They charge a regular premium to their customers based on the risk they have to take. Then, after they have collected this money, they have to pay out lump sums when one of their customers gets in an accident.
The insurance companies make money because they take in more money than they pay out. While they can increase their profits by charging more for coverage or attracting more customers to buy their insurance, they can also increase profits by paying out less money for claims.
When a customer of an insurance company is negligent, driving drunk or speeding and causing an accident, the insurance company must pay for the damage they do. This may include not only the insured person’s medical bills and property, but also the injured person’s.
If you or a family has been injured in a Texas car accident that was caused by a negligent driver, the insurance adjuster handling the claim for them has likely approached you with a settlement offer. This is the initial amount of money they are willing to pay in compensation.
Because the insurance companies want to pay out as little in compensation as possible, this original settlement offer is almost always far less than you actually deserve. If you accept the offer, you may be without the funds you need to pay all your present and future bills associated with the crash.
If you want to earn the full amount of financial compensation you deserve after a crash with a negligent driver, you need to fight against the insurance companies to make them increase their offer. This is where the experienced hand of a Galveston personal injury attorney comes in.
The insurance companies maybe unethical and slimy, but their motivations are easy to understand. If you understand the principles of the game, and hire the right lawyer to represent you, you can win. For more information about these cases, call Denena & Points today at (877) 307-9500 for a free consultation.