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Insurance

7 secrets an insurance adjuster won’t tell you

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If you, a family member or friend is injured in an accident, you can assume that the connection to the insurance regulator is just around the corner. Here are seven secrets you should know to prepare for inevitable conversations.

1 – A QUICK PAYOUT IS NOT ALWAYS THE BEST OPTION
If the accident was the fault of another person, the insurance regulator can offer a quick payout that covers medical bills and lost earnings. However, a quick settlement is not always the best solution.

You may be entitled, by law, to money for pain and suffering and changes in your lifestyle. The insurance regulator may also want to sign an indemnity waiver, but in this way you may lose your rights to benefits from other types of insurance; depending on the situation, you may receive benefits from more than one policy.

While this may be tempting to get quick cash, it is important to consider all options to get a big picture. Lawyers can help you comb through the complexities of insurance.

2 – A “FAIR” SETTLEMENT MEANS FAIR TO THE INSURANCE COMPANY – NO
Insurance adjusters will more than likely claim to offer a fair deal. While this is not untrue, what they mean is fair from their perspective as an insurance company.

The job of an insurance adjuster is to get the lowest possible settlement, whether or not it adequately covers injury costs.

Because a fair settlement depends on a number of different factors, it is best to hire a damage lawyer who will fight for what is fair to you – the injured.

3 – YOU DON’T HAVE TO WAIT FOR THE INSURER’S OFFER BEFORE CALLING A LAWYER
The insurance regulator may ask you to wait for their offer before calling a lawyer. Although you certainly have this right, you may lose valuable information that your lawyer can provide in the meantime.

Settlements handled without a lawyer are also cheaper for insurance companies, and they are likely to discourage legal representation for this reason.

4 – IT IS BEST TO HIRE A LAWYER
The insurance company will want to take registered statements from you and other parties involved in the accident within a few days of the accident, and having an attorney in your back pocket can ensure that you do not say or do anything that could jeopardise your potential benefits.

An attorney may indicate the rights that you may be entitled to have the insurance company glaze as they are not legally obliged to disclose any benefits that may qualify.

An attorney protects your interests, while insurance finishers keep the interests of their company in mind.

5- IF FAMILY OR FRIENDS ARE GUILTY, YOU DON’T HAVE TO CAUSE THEM FINANCIAL DIFFICULTIES
If a loved one has contributed or caused your accident, you may be hesitant to seek redress for fear of causing a family member or friend financial difficulties. You can still get your entitled benefits without doing so because the claim you make can be made against the insurance company.

Insurance lawyers can help you with the process.

6- AN ACCIDENT OR INJURY LAWYER IS NOT NECESSARY IF YOU HAVE A FAMILY LAW LAWYER
While chicken nuggets can be on the menu at a Mexican restaurant, you don’t go there for nuggets – you go there for tacos.

To draw in parallel, the same can be said for choosing a lawyer. You should hire a lawyer who works on cases that correlate to your particular situation.

Accident, damage and insurance lawyers deal with insurance companies and regulators on a routine basis and have experience of getting clients of their eligible benefits after the accident.

“At Whitley Law Firm, our insurance lawyers work with numerous insurance companies on a daily basis and keep up-to-date with the specialist laws and regulations affecting accidents,” said Bob Whitley, lawyer and founder of Whitley Law Firm in Raleigh. “

7 – YOUR CASE WILL MORE THAN LIKELY NOT GO TO COURT
Most insurance cases are resolved without going to court – less than five percent actually go to court. Cases can also be resolved through mediation (both parties meet with a neutral third party to resolve the case), which can be a more amicable process.

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