When you get into a car accident, one of your top concerns is how you will pay for the damage to your body and vehicle. You want to receive compensation to cover all the ensuing expenses, which means having to talk to your and the other driver's insurance companies.
Before you do that, you need to know these three secrets of auto insurance providers.
1. The company's bottom line is more important than the customer
You pay a monthly or yearly premium with the expectation that the insurer will return the money in the event of an accident or other claim. This contractual setup seems client-friendly, right? Wrong. Insurance companies want to protect their profits. Although they have to pay you by law, they may use loopholes, delays and other devices to justify withholding awards from you.
2. You deserve more money than the company offers
Insurers like to rely on the limited knowledge of the average client to get away with offering settlements that are well below what policyholders are eligible to obtain. They are hoping you will not know your claim is worth more, you are desperate for any amount or you think the settlement offer is high. Speaking to a personal injury lawyer can help you to know what your case is really worth so you can sue for maximum compensation.
3. Anything you say can become evidence against you
While it is wise to notify your carrier right away of an accident, it is not wise to discuss the details of the incident without speaking to an attorney first. Anything you say can become evidence against you to disqualify you from receiving damages. Even an apology to the other driver can imply an admission of fault. You do not want a claim denial, not only because you will have to pay for everything out of pocket, but also because your rates may still go up. Your lawyer can advise you on your official statement and speak to the companies on your behalf.