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Don’t fall victim to the trickery commonly used to get you to settle for less. Here are the Top 10 things Insurance Companies hope you don’t find out.
Never make the mistake of thinking an insurance company will make an offer in your favor. Their adjusters are trained at getting you to take the smallest amount possible and then to sign away your right to sue.
In every case we handle at Crockett Law, the at-fault party has insurance, but the jury is never allowed to know. We don’t think that is fair. You may feel sorry for the at-fault driver, company, or defendant because you think the person must pay out of pocket themselves. They don’t. In every case we handle, the insurance company pays for the at-fault party’s lawyers, court costs, and the verdict.
It is extremely common for the insurance company to make a settlement offer that is less than 50% of the Plaintiff’s past medical costs. A Plaintiff may have $50,000 in past medical bills, but the maximum offer the insurance company makes is $25,000. Under this scenario, the Plaintiff will actually end up owing the hospital, doctors, medical providers, or even their own health insurance company. Once a lawsuit is filed, the at-fault party’s insurance company selects the law firm to defend the case. The insurance company pays the law firm directly. Most people are surprised to learn that the at-fault party has no say in the insurance company’s decision to settle, or for how much. Most at-fault parties are shocked to find out that they were sued because the insurance company refused to pay for the past medical bills and expenses.
Insurance companies do not settle cases based on what the cases are actually worth. Instead, they base settlements on bias, sympathy and prejudices. Meaning, if the insurance company learns there are factors that could cause a jury to be biased against the Plaintiff, or to have sympathy for the Defendant the insurance company will make a “low-ball” or “zero offer” instead of paying what the actual injuries are worth.