Why is the Insurance Company Offering So Little for My Injury?

June 6, 2018  |  Adriel B. Villarreal

When you are involved in an accident it can be a distressing and confusing time. This is especially true when the accident was not your fault and you have suffered a serious injury. Once you are over the initial shock, the reality sets in that you now have to deal with the personal injury claim. Of course, this can be complicated and proving that there was negligence from the other party can be complicated.

If you are dealing with the personal injury claim yourself, you will notice that the other party’s insurance company will be in contact with you. It may sound like a good thing when they are offering you a settlement for compensation. After all, you can finally get your compensation and move on with your life, right? But, often insurance companies offer little money to you even if you have suffered from an injury. The natural question is, why does this happen?
Well, insurance companies can be notorious for offering low amounts of compensation for injuries. What you have to remember is that insurance companies are a business. They are out to make a profit, not a loss. They do not want to offer you big settlements for your injury; they want to give you as little as possible so they do not lose money. This means that they will offer you as low a sum as they can get away with in the hope that you take it. This is especially true if you are representing yourself, as they believe that you do not know what you are doing or you do not know what your claim is worth.
Insurance companies also use other strategies to make sure they pay out less money to you. This includes offering you compensation quickly after your accident in the hope that you take it out of convenience. A lot of people want to get their claim dealt with quickly and fall into this trap with insurance companies. But, this offer is before the full extent of your injuries is known, which means this is rarely the rate that you deserve. What if your injuries persist for several months? Plus, insurance companies also want to avoid litigation, as that is the last thing they want. This means they want you dealt with quickly and simply so they can move on.
After your accident, you want to make sure that you receive the compensation that you deserve. The best way you can deal with insurance companies is by choosing a personal injury attorney in Coon Rapids to represent you. You may think that you will lose money this way. But, the truth is you will lose more money without an attorney by your side. A professional can make sure you get every penny that you need, including economic and non-economic losses. They are on your side and want to protect your interest, which means a better chance of receiving the right compensation.
Personal injury attorneys in Coon Rapids deal with insurance companies every day and they have the skills needed to negotiate with them and gather all of the evidence and documents you need to prove your case. They can see through their strategies. Plus, they know the real value of your case and will work to make sure you receive good compensation for your injury. If the insurance company still does not budge with their low offer, a personal injury attorney Coon Rapids can also take them to court to represent your interests if it is necessary to win your compensation.