5 things insurance companies don’t want you to know

5 things insurance companies don’t want you to know

If you’ve been injured in an auto accident, one of the first steps to take after a car accident would be to contact your insurance company. After all, they are there to protect you and look out for your best interests, right? Well, not exactly. In fact, this is one of the many reasons it is so important to contact a qualified personal injury attorney who is experienced in dealing with auto accident claims. Here are five things insurance companies don’t want you to know.

1. They are in business to make money

Insurance companies need to make a profit to keep their shareholders happy. So how can they maximize their profits? By minimizing payouts for auto accident claims. In short, they are not looking out for your best interest and have a primary goal of making money.

2. Insurance companies have their own attorneys

While many insurance companies don’t like it if you are working with a personal injury lawyer, they do have the services of a high-powered attorney on call to represent them.You too should have someone on your side to protect your interests. Studies have shown that people who have retained the services of a personal injury lawyer after being involved in a car accident have received more compensation for their claim than those who choose to represent themselves. Do some research and find a good personal injury attorney for you.

3.  They will try to confuse you

Insurance companies will ask questions that are intended to confuse you. Why? In case you may inadvertently admit something that may be later used in court against you. Be sure to have a personal injury lawyer on your side who can advise you on how to handle these questions.

4. They send someone out to examine the scene of the accident

Another very important step to take after being involved in an auto accident is to take notes and document the scene with photos. The insurance company will immediately send someone to the scene of the accident to do the same, however, they are looking for evidence that will minimize your payout, or possibly deny your claim altogether.

5. They will drag out the process

Unless they are settling for a small amount, the insurance company will likely delay your claim and payout for as long as possible. Why? Remember, insurance companies are out to make money and they are earning interest on every dollar they have. The longer they can hold on to that money and earn interest on it before paying you out, the better.

If you’ve been involved in an auto accident, seek out an experienced personal injury attorney who can help you retain what you are entitled to.

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