For years, we’ve heard from insurance companies about how their coverage protects you. While this is true for policyholders, when another party is negligent, you may feel as though you have to jump through hoops to get the responsible individual’s insurance company to pay out compensation.
While there are numerous insurance companies who are honest and do their part after an injured party who files a claim, there are some other insurance providers who may lie to injured individuals in an effort to pay out as little as possible.
For you as an injured party, it’s imperative to truly understand the tactics that the insurance company may use to limit their liability. Here are some of the things you should know about the claims-filing process with the insurance company and why it’s so important to have legal representation.
Claims are Filed with the Liable Party’s Insurance Company
When you are injured in a car accident, you must exchange information with the other party(ies) involved, including the policy information. This is because you’ll be going through the responsible driver’s insurance company to pursue compensation.
However, the insurance company has no obligation to you. Instead, they’re focused on their profits and protecting their bottom line—so much so they’ll try to lie about their policyholder’s coverage so they don’t have to pay out full compensation to you for your damages.
Here are a few of the things the insurance company may do to protect their profits:
- Asking for a recorded statement: If the insurance company can get a recorded statement from you, they’ll work to find any inconsistencies that may exist between what you tell them and what you initially reported to the authorities.
- Using your statements against you: If after the accident you apologized or said something that can be considered an admission of fault, they’ll use this to claim you are at full or partial fault for the collision.
- Monitoring your social media: When you’re involved in an accident, you don’t have to stay off social media, but it can be helpful. If you post something that contradicts your statements—for instance an image that doesn’t reflect your injuries—it can be used against your claim.
The Insurance Company and Their Legal Representation
Keep in mind, insurance companies face new claims on a daily basis. They recognize the various ways individuals try to pursue compensation, and even more, they have large legal teams that have significant experience limiting the liability of the insurance company.
These legal teams and corporations often try to take advantage of your vulnerability—knowing you’ve just been injured in an accident and need money to cover medical expenses and lost income. Having your own legal counsel can help to protect you from the unscrupulous actions of the insurance company.
At Farnsworth & Vance, we are insurance insiders who know how the inner workings impact car accident claims. The insurance company should be forced to live up to their responsibilities when their policyholder is negligent. It is our goal to help see to it this happens.
Our Anchorage car accident lawyers are ready to stand on your side and guide you through the entire process from start to finish. We know how difficult these types of cases can be; as such, we work hard and go the extra mile to give you peace of mind and pursue the compensation and justice you deserve.
Call our firm today at (907) 290-2576. We offer free consultations so you can better understand your rights and options without financial concerns.