Having car insurance is a necessity in the US. Car insurance essentially pays for your vehicle repair or replacement if it gets damaged or you damage someone else’s car in some way in an accident. However, when you are involved in a car accident, you may find out the hard way that an insurance claim is not as straightforward. Filling out a car accident insurance claim is a path fraught with complexities, negotiation, and often disappointment. Many believe they can handle their insurance claim solo, only to find themselves outmatched, under-compensated, or even outrightly denied.
So, in this article, we will be discussing why you shouldn’t handle your insurance claim alone even when the case is in your favor.
Complexity of the Claim Process
The insurance claim process can be very complex involving a lot of forms, procedures, and deadlines, which is why you need experienced car accident lawyers in South Bend so you don’t make a single misstep. Hiring an experienced car accident lawyer is versed in the intricacies of the process and will ensure all paperwork is in order and accurate. Handling the case solo can lead to mistakes which can delay your claim, or even have it declined.
The Interest of an Insurance Company Differs from yours
All insurance companies are not the same, as some insurance companies help you save money on your car insurance. However, many insurance companies out there will take advantage of you because their interest is to make a profit, by minimizing payouts. As such, when it comes to settling claims, the interest of an insurance company is opposite to yours. So, when you present the case yourself, the insurance company will look for ways to dismiss your case. However, going through an experienced lawyer who understands insurance companies’ tactics will help you counteract these strategies and get you the compensation you deserve.
Accurate Valuation of Your Claim
Another crucial part of a car insurance claim is determining the value of the claim. Valuation of your claim is the sum of your medical bill and repair costs, future medical expenses, lost wages, pain and suffering, and so on. However, because you lack experience in accurately calculating these amounts, insurance adjusters will most likely take advantage of your inexperience. But when you have an experienced car accident lawyer handle the claim, they will ensure your claim encompasses all potential damage which will significantly help increase the amount of compensation you get.
Mitigating the Risk of Early Settlement
Furthermore, when you handle your insurance claim yourself, you may end up with unfavorable deals such as early settlement. While there is nothing bad in settling a case early, most times, an insurance company attempts to settle quickly and cheaply. But these offers barely reflect the actual value of your claim. Accepting to settle means you won’t be able to pursue the insurance company for a larger claim later. As such, before you accept a settlement deal, it’s in your best interest to reflect if what you are offered is worthwhile.
Seeking advice from an experienced car accident attorney on when to accept a settlement deal or to hold out for a better offer is your best bet.
