One of the more complicated aspects after being involved in a car accident is dealing with the car insurance companies. Unfortunately, you cannot expect that they’re going to be upfront and honest with you. These companies are businesses, and they have to make their money somehow.
In this blog, you’ll find information on how to deal with the most common problems victims of car accidents face with insurance companies so you can successfully recover a fair settlement.
Unlike most people think, insurance companies do not work for you.
Insurance companies are looking to make a profit. Insurance companies collect money from premiums and invest the money in the stock market, real estate, and other investment vehicles to increase their profits. An attorney who has extensive experience handling car insurance claim disputes and will be able to recover the compensation to which you are legally entitled.
If the other driver’s insurer does not cooperate, you may be able to get compensated for damages under your insurance company’s policy. If your policy includes collision coverage, your car insurance company should be able to pay the claim.
As a result, your insurance company will pursue the subrogation process, where it recovers part or all of the claim expenses from the other insurance company.
Haven’t heard from the insurance company after your claim was filed? This is common, as insurance companies may not appropriately respond to claims to delay making payments or efficiently resolve the case. Sometimes there may be legitimate reasons for this delay, but most of the time there is not. Many states have requirements regarding the amount of time that insurance companies must respond to an accident claim. If your insurance company is not actively working to resolve your claim or is otherwise not following the mandates of state law, you may have a bad faith claim against the insurance company. If the insurance company is found to have committed bad faith, you may receive additional compensation over the value of your initial claim.
Generally speaking, you shouldn’t talk to the other insurance company when there is a potential case for anyone involved in the accident.
If there’s chance you could have significant injuries or damages, do not speak with the other driver’s insurer until you have a car accident attorney to speak on your behalf.
To lessen the financial hit that you’ll take from insurance companies, here are a few facts.
If you or a loved one was involved in a car accident in Tulsa, OK, the best way to ensure receiving fair compensation is to hire legal representation to evaluate the situation.
Call Graves McLain right away at 918-359-6600. We review every detail of your situation for FREE and fight hard to protect your rights. Trust our team.
Graves McLain – Serious Lawyers for Serious Injuries.
When injury victims need a law firm with a reputation for excellence, turn to Graves McLain Injury Lawyers. We are a top-rated personal injury firm determined to be the best. With decades of award-winning representation, our clients recover the compensation they need to put their lives back together.
