Here is an important truth you need to know about insurance companies: they are not in business to offer fair settlements. Their bottom line is their priority, not their clients and, most definitely, not the plaintiffs in personal injury claims.
One of the ways insurance companies short-change claimants is through lowball offers. Basically, this happens when the insurance carrier is determined to less compensation than what you reasonably deserve for your damages (economic and non-economic). If you believe the insurance company is lowballing you, it is important you protect your rights by filing a bad-faith insurance claim. However, to file a successful claim, you need to get your evidence together.
Here are two questions that can help you determine if the insurance company is acting in bad faith.
Are they pushing for a quick settlement?
While you may want to settle your accident claim as soon as possible so you can get your compensation and move on with your life, a quick offer could be a clear sign that the insurance company is up to something sinister. An insurance claim is never a single-paper document. Before reaching a settlement, a standard claim should take the following into account:
- Your medical records
- Evidence of the accident that led to your injuries (witness statements, police and accident reports, photos of the accident scene.)
Clearly, these take time to investigate and verify. If the adjuster appears to be in a rush to settle your claim, they could be having just one goal in mind: to pay you as little as possible.
Are they bullying you to accept a settlement?
Besides the fast settlement, you should also be wary of the insurance company’s attempt to push a settlement through. If the insurance company would rather deal with you directly rather than through your legal counsel, then this could be a sign that they are up to no good.
Knowing your legal options can help you protect your rights when pursuing an insurance bad faith claim.