Insurance companies should operate on incredibly tight margins. If every client they represented used their insurance policies at the maximum values, the insurance industry would simply collapse. With that in mind, insurance companies try to save money at every turn, utilizing intense mathematical gymnastics to figure out how they can pay you as little as possible when something happens to you. While insurance companies will try to scare you into accepting their low-ball offers, you have to stand strong and understand what your true worth is. At the end of the day, your insurance agent is not your friend. Do not let them try to play around with you and your family’s livelihood.
Settlement Agreement Deadlines
One tactic many insurance companies employ is trying to force you to sign a settlement agreement while you are still undergoing medical treatment. While it might sound like a good idea to get some money right away, you have to remember that insurance companies have years of experience with dealing with clients suffering the same injuries or damages as you. They know how much money you are going to need. By setting up an arbitrary deadline, they are trying to make you agree to a settlement that is beneficial to them.
Blaming Injuries On Pre-Existing Conditions
As we have established, the entire goal of insurance companies, like any other company, is to make money. If you allow insurance companies to access your medical records (do not sign anything that authorizes this unless you are signing up for insurance that requires it), they will use that information against you. For example, if you were in a car crash that left you with a concussion, the insurance company might use a previous injury or pre-existing condition to get out of paying you what you deserve. They will say that you were aware of the risk, and they will charge you more in premiums. Do NOT let them control you like this.
Disputing the Severity of Your Injuries
This is pretty cookie-cutter stuff. Do give the insurance companies any reason to think you are in better shape than you actually are. Do not lie about your injuries, but be realistic about them throughout the entire process. If you tell the truth, and have your doctor to vouch for you, you will be fine.
If you have insurance for injuries and sustain a serious injury, do not let insurance companies bully you. Understand your worth, and keep records of everything. There is no reason why you should receive less compensation than you deserve.