We know that the holidays bring with them an increase in vehicles on the road. As a result, there are typically more accidents around the holidays. However, one problem that can arise because of the busy season is a delay in compensation from the insurance company.

Insurance companies are not the quickest when it comes to paying out compensation. They’re looking for ways to save money. Delaying compensation benefits them most of the time. However, having a lawyer on your side can help you speed up the process and still achieve the outcome you desire.

Why do Injured Parties Need the Money?

Money becomes tight around the holidays. Most people are buying gifts for their loved ones. The sudden addition of costly items associated with a severe injury can make it difficult to afford the necessities, let alone pay for holiday items.

Pursuing compensation as soon as possible allows injured individuals to:

• Cover the costs of medical treatment and equipment, as well as care in occupational therapy
• Cover the expenses of property damage to a vehicle
• Cover the lost income from being unable to work and make a living

Why do Insurance Companies Wait to Pay?

Insurance companies are aware that injured people are in vulnerable positions after an accident. They need money to help cover the expenses associated with their injuries. Around the holidays, they’re also trying to buy gifts and celebrate the occasion.

Insurance companies hope that claimants will settle if they don’t get money quickly. They can offer a lower amount. If the injured party needs compensation enough, they may accept the low settlement offer without hesitation because they want to move forward.

At the Daspit Law Firm, our Houston car accident attorneys know how to handle insurance companies. We’re aware of their tactics to take advantage of claimants. As such, we do all we can to protect the rights of those we’re representing.

Call us today at (888) 273-1045 to discuss your potential case.