Dealing with insurance companies after a car accident is not for the faint-hearted. As you expect them to cover your losses, insurers often try every tactic in the book to minimize the claim.
Understanding what to do can help you protect your rights and maximize your settlements. The best car accident attorneys will not only guide you but also take the burden of dealing with insurers off you.
Keep reading to get some tips for dealing with an insurance company effectively.
1. Report The Accident Immediately
The first tip is to notify your insurance company as soon as possible. Delaying in reporting the case could negatively affect your case and claim.
The standard time for reporting an accident to your insurer varies from one state to another. However, most policies give you a grace period of 10 to 30 days. To be on the safe side, it is best to get in touch with your insurance company within 24 hours.
2. Collect Evidence
Evidence is very crucial in supporting your claim. Immediately after an accident, take photos of any damage to your car and injuries.
If there are any witnesses at the site, get their contact details. Also, remember to get a copy of the police report, as this will serve as a valuable document. Also, keep copies of medical records, hospitalization bills, and any communication with the insurance company. These documents can come in handy when insurers try to dispute your claim.
3. Watch What You Say
Insurance adjusters work for the company and not for you. The goal of insurers is to settle claims with as little money as possible.
Therefore, when speaking with insurers, be polite but cautious. Strictly stick to the facts and avoid any speculative statements that can be used against you. If by any chance you are asked for a recorded statement, consult your attorney and ask for them to be present. Remember, insurance adjusters may try to twist your words to minimize your injuries or totally shift blame.
4. Understand the Value of Your Claim
Before accepting any settlement offer, it is important to understand the full value of your claim and how much you are entitled to. Insurance companies are notorious for offering very low settlements that may not cover all the damages.
You can start by researching similar claims. Your lawyer will also assist you by including all damages, lost income, and even pain and suffering, which most people overlook. If your offer is too low, don’t hesitate to negotiate or reach out to an attorney.
5. Know Your Rights
Insurance companies have teams of professionals that constantly work to protect their interests. It is your duty to familiarize yourself with your policy and state laws regarding your case.
If your insurance company delays payments, denies a claim, or acts in bad faith, you may need legal intervention. Having an attorney can make a big difference in the outcome of the case.
Conclusion
When dealing with insurance companies, you can improve your chances of getting a fair settlement by following these tips. If you face any challenges, get in touch with your lawyer to protect your rights and interests.