When proposing a settlement after a car accident, insurance agents and claims adjusters do not have your best interests in mind.
You may be surprised, but insurance agents and claims adjusters do not have your best interests in mind when making a settlement proposal after a car accident. In fact, many will go out of their way to discourage you from retaining a lawyer. They may tell you that you will receive more money without a lawyer representing you.
However, several reliable studies have shown that people typically get more money by retaining an experienced lawyer after an auto accident than if they took the insurance company’s initial offer without attorney representation.
This is even true if it is your own insurance company, especially if serious injuries are involved. How can this be? Because, even though you may be the one who pays the premiums, the insurance companies are working for their shareholders. They are trying to make the most profit possible, which includes collecting the highest premiums while paying out the least amount in claims possible.
Settling a car crash claim can also be detrimental if you are injured. If ailments or further injury occur down the road due to your car accident, you may be prohibited from recovery if you have already settled your car accident claim.
Car accident victims in the Dallas-Fort Worth-Arlington area are invited to contact the Woods Law Firm for a free consultation by calling 817-751-7111, or you can elect to fill out our contact intake form and we will contact you.