Signs That An Insurance Settlement Offer Is Unfair And Too Low

Injured? Worried about how much your settlement offer is worth? You're not alone. Insurance companies get away with lowballing their settlements by using tactics that make it difficult for injured victims to find out how much they're being recommended for. There are other tactics that leave many victims stuck without the funds they need to pay a Personal Injury Lawyer in Grande Prairie, or to file a lawsuit.

Why Do Insurance Companies Make Lowball Offers?

Insurance companies want to minimize their risk, exposure and liability. They are interested in settling cases as quickly and cheaply as possible before the case goes to trial. Insurance companies have a lot of resources at their disposal (e.g., lawyers, experts) that they can use to investigate your claim in order to find evidence that will help them make an offer on your behalf. If you will allow a Personal Injury Lawyer in Grande Prairie to do their job, then you may receive a settlement offer within 60 days or less of filing suit.

What Tactics Do Insurance Companies Use to Get Away With Lowball Offers?

There are a number of tactics insurance companies use to get away with offering lowball settlements.

Lowball offers: Some insurance companies will offer a lowball settlement because they know that if you accept it, you'll be stuck paying the full amount every month until your policy expires or you die. This is called "paying for eternity."

Denying claims: A Personal Injury Lawyer in Grande Prairie knows that common tactic used by insurance companies is denying a claim outright and then raising their prices in order to try and make up for their loss of revenue from not paying out on legitimate claims. In some cases, this can mean losing out on coverage altogether because now your premiums are too high due to previous denials; other times it's just limited coverage (like $100 per day) until something happens--and even then there might be no money left over after all those years!

Who Can Help You Get a Better Offer?

If you're a victim of an accident and your insurance company won't negotiate with you, there are steps you can take to get a better offer. The Personal Injury Lawyer in Grande Prairie should be able to tell you if they have any experience dealing with auto accidents and whether they could help with negotiations.

If getting in touch with a lawyer isn't an option for whatever reason, consider speaking to a mediator who specializes in resolving insurance disputes between claimants and insurers. Mediators don't make money by helping people solve their problems; instead, they focus on getting parties involved into mediation so they can work out their differences without having to go through court proceedings first. This means that mediators aren't available 24/7 but will usually schedule appointments within two days' notice so both parties have enough time ahead of them once things start getting serious! For more information visit here: BILAB Personal Injury Lawyer