You rely on insurance companies to live up to your policy and provide compensation after a crash. Unfortunately, these large corporations are often quick to deny a claim if it threatens their profits — even if the claim is rightful and just.
It doesn’t matter if it’s your insurance company or the other driver’s, they must provide the services for which people pay. When they refuse to do so unlawfully, you have legal rights. However, you must recognize why insurance companies deny car accident claims and what to do moving forward.
Insurance Companies Care About Their Profits
Like any large business, insurance companies care more about their profits over the health of claimants. When you’re in an accident, you rely on compensation to cover expenses, such as medical bills, lost wages, property damage, and more. The insurance company risks losing a significant amount of money in a settlement.
Instead of rightfully paying out as they should, they often use bad faith tactics to deny claims or offer low settlements. They don’t consider the full costs of your losses; instead, they play on your vulnerability, hoping that you’ll accept the offer because you need the money.
What You Can Do Moving Forward
If the insurance company uses bad faith tactics to deny your claim or offer a low settlement, know that you have rights. You don’t have to accept the first offer if it is not enough for your losses. You can speak with a lawyer about your rights and options during this time.
In most cases, you can deny the settlement if you and your legal team feel you can earn more through a jury verdict. You can also file an appeal or lawsuit if the insurance company wrongfully denies your claim outright.
The legal action you pursue puts a lot of pressure on the insurance company. They’re more likely to work with you to avoid the high costs of litigation. With legal backing on your side, you can convince the insurance company to pay the full amount of your economic and non-economic losses.
Our Salem car accident attorneys at The Gatti Law Firm are ready to stand in your corner. We want to be the trusted advocates you need during this devastating time. We’ll pursue the outcome you fully need with your best interests in mind.
Call our firm at (503) 543-1114 to discuss your potential case today.