The less they pay for claims, the more profits they make. Insurance companies like to offer quick settlements because victims often accept them, fearing that they won't receive another offer. They may also feel anxious because bills and expenses add up and they can't work. Insurance companies want to resolve cases right away, because they don't want you to have the opportunity to talk to a personal injury lawyer.
If an insurance company offers you money, it's always recommended that you at least consult with an attorney. Most lawyers have free consultations and will be happy to discuss your case with you. One of the reasons insurance companies offer such low agreements is that they don't think they're going to do anything about it. If you or a loved one has been involved in a car accident, don't let the insurance company pressure you to accept an excessively low offer.
However, many times these insurance companies are simply motivated to reach a quick agreement to avoid paying the full amount of their damages. An insurance company will almost always try to get you, the victim, to agree to an agreement right away. When an insurance company offers you a settlement, you essentially recognize your client's fault in the accident. That's why it's important to understand your rights and recognize that the insurance company isn't always on your side.
A disputed lawsuit may require you or your lawyer to provide additional evidence to an insurance company of your client's liability or the extent of their damages. The insurance company wants to avoid a lawsuit to preserve its reputation as a protective and supportive entity that is on the side of consumers. We will handle all interactions with the insurance company of the responsible party in your case, including negotiations. The insurance company wants to reach an agreement right away so they can claim that your injuries are minor, that extensive treatment is not necessary, and that there will be no long-term effects.
And, if you provide incomplete or inaccurate information over the phone, the insurance company may try to get you to keep it later. Therefore, it is important that you choose aggressive and experienced legal representation to ensure that your case is properly investigated and presented to the insurance company. The insurance company will often contact you very quickly after the accident in the hope that you haven't yet had time to think or talk to an attorney and could be tricked into accepting a low offer.