If you have been injured in a car accident caused by another driver, the at-fault driver’s insurance company will likely contact you very soon after the accident to encourage you to settle your claim. If you have your own auto insurance, your insurer will not be involved or help you deal with that claim. Basic fundamentals to know:
The insurer will likely offer you MUCH less than the compensation you deserve. Insurance companies and Plaintiffs’ attorneys disagree fundamentally on the amount of compensation accident victims should receive for pain and suffering, which often changes the victim’s life permanently.
The insurer will likely try to pressure you to settle before you can fully understand the extent of your injury and the compensation you should receive for the pain, and loss of quality of life that may ensue.
YOU MAY OR MAY NOT NEED A LAWYER- Depending on the size of your claim, you may not need a lawyer to proceed with settling the claim with the insurer, but YOU SHOULD ALWAYS SPEAK WITH A LAWYER before settling to ensure you protect your rights. Not all cases are big enough to warrant engaging a lawyer, and the compensation from insurance proceeds that you would pay as attorney’s fees is a consideration in small cases (generally under $15,000).
You may have heard that aggressive plaintiffs’ attorneys and unscrupulous plaintiffs are responsible for rising insurance premium “costs,” and that you don’t deserve or need money just because you suffered an injury that will resolve over time – NOT TRUE.
Insurance companies earn revenue from premiums, it is YOUR cost - it is their income, and they are not trying to reduce it.
THE INSURANCE COMPANIES HAVE BILLIONS OF DOLLARS SAVED- IF YOU ARE HURT IN A CAR ACCIDENT CAUSED BY ANOTHER’S WHO IS INSURED OR IF YOU HAVE YOUR OWN UNINSURED MOTORIST COVERAGE - SOME OF THAT MONEY SHOULD BE PAID TO YOU!!
Insurance companies charge handsomely to cover millions of drivers every year, and they have charged to cover all accidents and injuries.