Injured? Be careful. Insurance companies are NOT on your side. Here’s what they’ll try to minimize or eliminate your payout entirely.
Don’t ever believe an insurance company is on your side. Not for a moment.
We talk about this in many of our blog posts and articles. Their employees get paid less money when they pay out more to you in claims. They get paid more money when they minimize your payout.
If they pay out too much to too many people, they get fired. It’s that simple.
While laws regulate what they can and cannot do, many are happy to exploit the law to their maximum advantage. Others will break the law outright, knowing that you don’t know what the law says.
Here’s what they might say or do – and what you can do to protect yourself:
- Don’t Give Them a Recorded Statement
This is lawful for them to do. But, their goal is to get you to slip up and say something that harms your case.
Ideally, don’t give them a recorded statement at all and talk to a Dallas injury lawyer instead.
But if a personal injury lawyer can’t take your case on (most, but not all cases are taken by lawyers), you’ll have to do the talking yourself. Rehearse the facts of your case beforehand. Write them down if you have to.
Say only what you need to (be honest), and nothing more. Make sure the account you give is consistent with anything you said to police officers.
- Adjusters May Tell You that You’ll Lose Out on Money When You Hire a Lawyer
Blatantly FALSE! You will have to pay your lawyer.
But only as a part of your settlement value after you win your case. In the vast majority of cases (sorry, lawyers aren’t perfect either), you still end up with more money than you would if you settled your case on your own.
- They May Ask to See All Your Medical Records
At first, it sounds fair, doesn’t it? They need this information to calculate a fair settlement amount.
Don’t do it. Here’s where that obnoxious term “pre-existing condition” comes in. They want to find one to minimize or eliminate your payout entirely.
No law requires you to give them this information, so don’t.
- Giving You Money if You Sign Their Release
Remember, if you sign their release now, you can never ever get compensation for your injuries again. There’s absolutely no appeals process for this.
Once it’s done, it’s done forever.
The insurance company knows you’re feeling pressure because bills are piling up. And they don’t want to pay for injuries and medical treatment in the future.
Remember, your injuries may hurt now. But you don’t know exactly how long they’ll last. It could be years. And the insurance company wouldn’t be responsible for paying for those if you sign their release now.
That’s not fair to you.
- Secretly Taking Video of You
Never thought you’d have the Paparazzi on your tail, did you?
Well, this isn’t the Paparazzi exactly. But insurers will hire private investigators to spy on you and take video of you to disprove your claim.
So, it’s important to be honest about your injuries. And don’t “push” yourself to get better too quickly – that can be argued as your injuries not being that severe in the first place.