• Home
  • Need Help?
Friday, August 12, 2022
Lawyer Briefs
Advertisement
  • Attorney
  • Bankruptcy
  • Divorce
  • Law
  • Lawyer
  • Legal Service
  • Personal Injury
No Result
View All Result
Lawyer Briefs
  • Attorney
  • Bankruptcy
  • Divorce
  • Law
  • Lawyer
  • Legal Service
  • Personal Injury
No Result
View All Result
Lawyer Briefs
No Result
View All Result

Reasons Why Insurance Companies May Offer Low Settlement After A Car Accident

Karsten Mark by Karsten Mark
November 18, 2021
in Lawyer
0
Reasons Why Insurance Companies May Offer Low Settlement After A Car Accident
403
SHARES
2.4k
VIEWS
Share on FacebookShare on Twitter

One may want to file an insurance claim after getting injured in a car accident. However, getting this compensation might not be as easy as it should be. 

It is common knowledge that the first offer made by the insurance company is always the lowest. However, only a few know the reasons behind this behavior. Once you understand the reasons, you will be able to dodge their tactics and get your money with the help of a Lehi, UT car accident lawyer. 

Reasons why insurance companies offer low settlements 

  • Insurance companies only care about their profit. 

Make sure you get one thing straight when dealing with insurance companies: they do not work in your favor. Believe it or not, insurance companies do not want the best for you or have your best interests at heart. As long as they pay you less money than you deserve, they get to keep the rest in their pockets. 

  • Insurance companies rely on computer software. 

Many insurance companies use a computer-generated method of calculating your damages. This software may not always generate the amount that you deserve because they are designed to work in favor of the company’s interests, not yours. Moreover, the software uses data from similar claims to calculate your compensation, which may not always be accurate as every car accident case differs from another. 

  • People often accept the first offer made by them. 

One significant reason why insurance companies offer low settlements is that people often take them. Not everyone can fight the temptation of accepting the money as they are often in desperate situations. If your injuries affect your life, you may want to accept the first offer and end the hassle. However, this may cost you in the long run as this amount is often not enough to cover all your damages. 

  • Insurance companies do not expect you to hire a lawyer. 

One popular tactic of the insurance companies is to use your lack of legal knowledge against you. When you do not have an attorney by your side, you are bound to make mistakes and underestimate the value of your damages. However, if you have an attorney, they will probably try to avoid going to court and thus, offer a larger settlement. 

  • Insurance companies snatch your right to sue them. 

Suppose they offer you a settlement, and you accept it. Later, you realize that the amount is not enough to cover your damages and demand for more. Now, even if they refuse to pay you, you will be unable to sue them as you have already signed the first offer agreement. 

Previous Post

Tips on the process of chapter 7 bankruptcy

Next Post

 What Are the Divorce Laws in Waxahachie?

Next Post

 What Are the Divorce Laws in Waxahachie?

  • Trending
  • Comments
  • Latest
What Should I Do After My Slip and Fall Accident?

What Should I Do After My Slip and Fall Accident?

October 14, 2020
The Most Common Legal Services Needed

The Most Common Legal Services Needed

January 11, 2020
Why Do Truck or Commercial Vehicle Accidents Take Place?

Why Do Truck or Commercial Vehicle Accidents Take Place?

December 1, 2020
Am I Allowed to Keep My Car if it’s Totaled?

Am I Allowed to Keep My Car if it’s Totaled?

November 10, 2020
Civil Sex Abuse Suits and All It Entails

Civil Sex Abuse Suits and All It Entails

0
Regardless of whether You Are Rich Or Poor, You Can Still File For Bankruptcy

Regardless of whether You Are Rich Or Poor, You Can Still File For Bankruptcy

0
Speaking to Yourself In An Uncontested Divorce

Speaking to Yourself In An Uncontested Divorce

0
Integrative Divorce Mediation – New And Improved! Separation Process

Integrative Divorce Mediation – New And Improved! Separation Process

0
Civil Sex Abuse Suits and All It Entails

Civil Sex Abuse Suits and All It Entails

August 8, 2022
5 Traits Every Expert Lawyer Should Possess

5 Traits Every Expert Lawyer Should Possess

August 6, 2022
Vital essentials you should know about child support

Vital essentials you should know about child support

July 22, 2022
What are the factors that will support me in getting suitable alimony?

What are the factors that will support me in getting suitable alimony?

July 19, 2022

Recent Posts

  • Civil Sex Abuse Suits and All It Entails August 8, 2022
  • 5 Traits Every Expert Lawyer Should Possess August 6, 2022
  • Vital essentials you should know about child support July 22, 2022
  • What are the factors that will support me in getting suitable alimony? July 19, 2022
  • How should the at-fault driver react soon after a car accident? July 19, 2022
  • How Do the Jones Act and Workers’ Compensation Claims Differ? July 18, 2022
  • The Reasons Why One Needs An Attorney For Debt Collection? July 2, 2022
Law

Civil Sex Abuse Suits and All It Entails

Whenever a person claims and proves that they were sexually abused, they get entitled to compensation with money. The victim ...

August 8, 2022
Lawyer

5 Traits Every Expert Lawyer Should Possess

Lawyers can make a difference in the progress of a case. When you engage a professional lawyer for a personal ...

August 6, 2022
Lawyer

Vital essentials you should know about child support

Did you separate from your partner but you have children to take care of? If yes, in most cases, you ...

July 22, 2022
Lawyer

What are the factors that will support me in getting suitable alimony?

Divorce is a difficult time in a couple's and their family's lives. The legal procedure that comes with it can ...

July 19, 2022
Law

How should the at-fault driver react soon after a car accident?

No matter if you’re distracted for just two seconds, you can still be the reason behind a car accident. You ...

July 19, 2022

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • March 2019
  • Need Help?

© 2020 Lawyer Briefs - All Rights Reserved.

No Result
View All Result
  • Attorney
  • Bankruptcy
  • Divorce
  • Law
  • Lawyer
  • Legal Service
  • Personal Injury

© 2020 Lawyer Briefs - All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In