When you are involved in a vehicle collision, one of the first things you are likely to do is call your insurance company. While it is fine to report the accident to your insurer, you need to be very careful about what you say and do when it comes to dealing with your insurance company. Insurance companies are in business to make money, and no matter how friendly and helpful your adjuster and claims representative may seem on the phone, the reality is that their goal is to minimize liability for their employer.
Due to the risks of dealing with the insurance companies directly, we recommend that all of our clients let us communicate with their insurers for them. Here are three important reasons to avoid speaking with your insurance company:
1. Your insurance company will try to get you to settle before you know the extent of your losses.
The more you know, the less likely you are to accept your insurance company’s low-ball settlement offer. The insurance companies know this, and as a result they typically try to get their policyholders to take settlement payments as soon after their accidents as possible.
You should never accept your insurance company’s first offer. In fact, you should not accept any offers until you: (i) have received a thorough medical diagnosis, (ii) know your treatment plan and long-term prognosis, and (iii) have discussed your case with a personal injury lawyer. Only then will you know how much you should be willing to accept for your claim.
2. Your insurance company will try to get you to say things that hurt your claim.
If the accident was your fault, you could end up taking on financial responsibility instead of your insurance company. This is what your insurance company wants, and it will use a variety of tactics to try to get you to admit fault – even if you do not really know who was responsible for the accident. “Tell me what happened,” and “How did the accident occur?” are invitations for you to say things that will hurt your claim. You should never give a statement to your insurer without first speaking to an attorney.
3. Your insurance company will not tell you that settling prevents you from ever seeking additional compensation.
When you accept an insurance settlement, the fine print says that you are agreeing to release your insurance company and any at-fault parties from liability for your injuries and other losses. This means that if you find out later that your injuries are worse than you originally thought, you will not be able to seek any additional compensation. Your insurance company is unlikely to point this out when it is pushing you to settle for minimal compensation.
Schedule a Free Car Accident Consultation with Savannah, GA Attorney B. Clarke Nash
To learn more about the risks of dealing with your insurance company after an auto accident, we invite you to schedule a free consultation. At The Law Offices of B. Clarke Nash, P.C. we help accident victims throughout Georgia seek maximum compensation for their injuries. Call (912) 200-5292 to speak with attorney B. Clarke Nash about your case today.