Why is the Insurance Company Offering a Low Settlement for My Injuries?

Why is the Insurance Company Offering a Low Settlement for My Injuries?

If you were hurt because of another person or party’s negligence, there is a good chance the liable party’s insurance company has already contacted you.

At Charles J. Argento, our experienced personal injury attorney in Houston is never surprised to hear from potential clients that the insurance company is doing everything they can to get in touch with the accident victim, under the guise of simply taking their statement.

Once the insurance company has the injured person on the phone, the representative will begin the conversation with a very friendly disposition, asking seemingly innocuous questions like, “How are you feeling?” The goal is to get you to say, “I’m fine” so they can use that statement against you later.

After all, how hurt can you be if you are fine?

That is just one of the tricks insurance companies use to delay, undervalue, or even deny your claim.

Here is why.

Insurance Companies Put Profits First.

Whether it is the negligent party’s insurance company or your personal representative, insurance companies are businesses that place profits before their policyholder’s best interests.

Settling personal injury claims for compensation is not the primary reason an insurance company is in business.

An insurance company is primarily in business to make money for its shareholders.

That is why a low-ball offer will be their first line of defense when assessing your personal injury claim — they simply do not want to pay what your claim is worth.

The Insurance Company Strategy.

Increasing profits means lessening any potential for huge personal injury claim payouts.

This is where their proven strategies and tricky tactics come in.

Insurance representatives will contact you immediately after an accident occurs to — quite literally — catch you at the worst possible time to give a statement.

If you are injured and are under a doctor’s care, you may be medicated, confused, anxious, and stressed about what to do next.

When insurance companies catch you at a bad time, they can manipulate the conversation in their favor. That includes offering a low settlement offer, hoping that you will accept it just to put this challenging time behind you.

Ideally, the insurance company will reach you before you have contacted a personal injury lawyer, so they know you are at your most vulnerable.

You do not have to speak with the insurance company right away — so don’t.

Do Not Discuss Your Personal Injury Claim Before the Extent of Your Injuries are Known.

If you have been injured in a car accident, truck crash, slip and fall, medical malpractice, or at-work injury in Texas, seek medical care right away and avoid making a statement to the insurance company until your injuries have been fully assessed.

There is no way you can know what type of financial recovery you will need if you do not know the full extent of your injuries and how long they will take to heal.

You may require follow-up care that results in X-Rays, CT scans, MRIs, and other specialty instructions before the medical procedures even begin. Be sure each of your medical needs is outlined before speaking with the insurance company, so they cannot entice you with an offer that may not cover your complete needs.

Attempting to Handle the Case Without a Lawyer.

While this may seem self-serving, since we are Houston personal injury lawyers, taking on the insurance company without legal representation will almost always end in a lower settlement than one an attorney could negotiate on your behalf.

Our experience allows us to outline your complete needs, including medical care costs, lost wages, and miscellaneous expenses that will arise as you continue to heal. Do not underestimate your compensation needs. We can help you pursue the maximum amount for your personal injury claims.

If you were injured by a negligent party in Texas, contact our experienced personal injury attorney in Harris County at Charles J. Argento today to schedule a free consultation by calling (713) 225-5050 or by contacting us online to discuss your case. If we do not produce a positive outcome for your case, you do not pay our legal fees.

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