If you have gotten in an auto accident and find that the insurance company that you’re dealing with is giving you an offer that seems to be extremely low, you wouldn’t be the first person to experience this problem. In fact, it is a common occurrence, unfortunately. The insurance companies do this on purpose; hoping that the clients they are working with will be willing to take far less than they are actually deserving of. Lastimado Texas is here to talk about what you should do if your insurance company comes in with a lowball offer after you are in a car accident.
Should You Accept First Settlement Offer? What Do I Do if My Insurance Offer is Too Low?
There are steps that you can take if you feel that you have been given a lowball offer from an insurance company after an auto accident.
– Call an Attorney: If you aren’t experienced in dealing with insurance companies, you may need the help of an expert. There are attorneys that specialize in dealing with insurance companies to help you get the compensation that you deserve. They will be able to help you navigate the situation and get any money that is rightfully yours.
– Be Sure Offer is in Fact too Low: You may feel that the offer the insurance company came back with is too low, but before you reject it, make sure you know that you are right. You wouldn’t want to make the mistake of rejecting an offer that will adequately compensate for the loss that you experienced.
– Collect Evidence to Prove Your Claim: You are going to need proof that the insurance company is trying to lowball you. You will need medical records, employment records or any other documentation that can prove that you are in the right.
– Keep Negotiating: What many people don’t realize is that an offer by an insurance company is almost always something that is negotiable. Keep working with your attorney as you negotiate a better offer.
Why Insurance Companies Try to Lowball You
It is important to understand why an insurance company would try and lowball you in the first place. Following are a couple of the reasons.
– You’re at Fault: If they think that you were at fault of the accident, they will give you a lower offer. This is true even when the insurance company feels that you were only partially at fault.
– Undercalculated Losses: If they haven’t evaluated your claim correctly, they may think that your losses were lower than they actually are. This is when documentation can really come in handy.
– Acting in Bad Faith: Unfortunately, it isn’t uncommon for an insurance company to attempt to get away with offering less money, so they don’t have to pay out.
Personal Injury Attorneys in Dallas, San Antonio & Austin, TX (Just Minutes from Carrollton, Garland, Irving, Mesquite & Grand Prairie, Texas
If you have been injured in an auto accident and feel that you aren’t getting the offer you deserve from your insurance company, don’t hesitate to call Lastimado Texas!
