Fighting Insurance Company Delay Tactics

insurance company delay tacticsIf you’ve been injured in a vehicle accident, you’ll typically have an insurance adjuster assigned to your claim. He will serve as your contact person at the insurance company throughout the claims process. As your claim moves along, you may find that you have a difficult time getting the insurance adjuster to return your calls. This unfortunately happens fairly often, since it’s a strategy some insurance adjusters use in an attempt to lower the value of your claim.

Delaying the Claims Process

Unfortunately, the insurance company has powerful incentives to delay settlement of your claim and little motivation to resolve your case quickly. There are several reasons for this:

  • Reducing your compensation. It’s not unusual for victims of serious vehicle accidents to suddenly find themselves under severe financial pressure. When your vehicle needs major repairs and the medical bills start piling up, the feelings of helplessness you experience can be overwhelming. Insurance adjusters will sometimes use this situation to their advantage because they know that delaying payment will likely pressure you into accepting a lowball offer.
  • Maximizing their investment returns. Insurance companies increase their profits by investing the reserves they have on hand to pay out claims. The longer they can delay payment on a claim, the more money they can earn on these invested funds.
  • There’s no downside. The insurance company may not be returning your calls because they have little incentive to. Unless you take them to court, they can’t be forced to pay you anything. Insurance adjusters are often overloaded with cases, and therefore won’t give your claim the attention it deserves.

You Need an Attorney

When you’ve been involved in a vehicle accident, you may be faced with the repair or replacement of your vehicle, sizable medical bills, and loss of income during your recovery. A qualified attorney can combat insurance company delay tactics, hold them accountable, and fight for the compensation you deserve. To learn more, contact the Cain Law Firm by clicking the Live Chat button on this page.