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Why do Insurance Companies Try to Settle?

Why do Insurance Companies Try to Settle?

Personal insurance policies are designed to provide financial protection should any of us become an accident victim. That said, many insurance companies try to settle accident claims as quickly as possible. At The Daspit Law Firm, we recognize the urgency at which insurance companies try to settle claims in order to avoid the public scrutiny and avoid paying out maximum compensation.

Insurance Companies are More Likely to Settle

The insurance companies typically attempt to discourage customers from seeking an attorney’s counsel. This is because personal injury lawyers have experience trying accident cases, are well versed in insurance company tactics, and are often able to garner a larger sum of money for their clients.

Quick Settlements Save the Insurance Companies Money

A customer should not be fooled by an insurance company’s willingness to resolve a claim quickly. This tactic is performed to get the case “off the books” and solve the matter for as little money as possible.

Court Cases Cost Insurance Companies Dearly

Potentially lengthy personal injury court cases could cost insurance providers tens of thousands of dollars in attorney and associated fees. Therefore, in almost every instance where a customer has a legitimate claim and stands a chance of winning a large sum of cash, coverage providers view reaching a settlement as a more profitable means of conducting business.

Adjusters Will Question the Legitimacy of a Claim

Claims adjusters are trained insurance company employees tabbed with the responsibility of carefully investigating every aspect of a given case. These men and women are skilled in the art of negotiation, will seek and find the slightest inconsistency in a customer’s account of the events surrounding an accident and use that information against him or her for the purpose of forcing a low dollar settlement favoring the provider.

The insurance claims process can be complicated, confusing, and frustrating. If a claimant is uninformed, underrepresented, or unprepared, the end result could be the failure to recoup the funds necessary to help the victim recover from their life-altering accident. Fortunately, The Daspit Law Firm is comprised of highly experienced Houston auto accident attorneys who can review your case, help you battle the insurance companies, and work to recover the maximum compensation you deserve.

Call today for your free case evaluation.

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