New York is a no-fault insurance state. This means that after your accident, you have to typically turn to your own insurer to get compensation for your damages. In case of car accidents, where there are more than one party at fault, circumstances may allow filing a personal injury lawsuit. If you find yourself dealing with personal injury claims process that you don’t understand, you should consider calling an attorney. Top law firms in NY, such as this Rochester law firm, have skilled personal injury attorneys working for them, and they can fight for you rights and interests. In this post, we are sharing more on things to know about insurance companies.
- Insurance companies will try to reduce their liability
People often assume that their insurance company will be empathetic to their situation. Sadly, that’s not how things work in the real word. These insurance companies are in business of making money, and their claims adjusters will always try to minimize the financial liability of the company they are working for.
- It is okay to refuse giving a statement
The claims adjuster may call you immediately after an accident and insist on giving a statement. In your weak moment, you may end up saying something that will be used by the insurance company will reduce your settlement. If the claims adjuster calls you for a statement, ask them to talk to your attorney. When you don’t want to deal with the insurance company directly, let your attorney do the same.
- Insurance companies want to settle claims quickly
That’s correct. People often are stressed after an accident, and in such circumstances, they end up accepting whatever the insurance company has to offer. This is a tactic that claims adjusters often use to minimize the company’s burden. While you have to file your insurance claim within a reasonable time and must inform your insurer, you have the time to decide if you want to accept a settlement offer. The first offer from the claims adjuster is always likely to be lower than what you deserve.
Mostly, insurance companies want to settle claims outside of court, because trial could be an expensive affair. However, this also means that you have the room to discuss the settlement. If you don’t know how to talk to the insurance claims adjuster, let your attorney handle all of that for you, and it doesn’t have to cost a fortune to hire a lawyer.