Can You Trust the Insurance Company After a Car Accident?

This video features Justin A. Smith, a Medical Malpractice attorney based in Texas.

Attorney Justin Smith | 888-364-6814 | Free Consult

If you’ve been injured in a collision, can you trust the insurance company to represent your best interests?

Justin Smith is an attorney with Sloan Law Firm based in Longview, Texas. He primarily focuses his practice on catastrophic personal injury litigation. He has also assisted clients with matters related to commercial litigation, civil rights, employment-related class actions, police brutality, and legal malpractice.

In this Quick Question, he explains that you can only trust the insurance companies to look after themselves, not their policyholders.

To learn more, contact the attorney directly by calling 888-364-6814 or by submitting a contact form on this page. The consultation is free and confidential, and you owe no out-of-pocket attorney fees.

Insurance companies make money by accepting premium payments and paying out as little as possible.

It’s important to remember that insurance companies are businesses like any other. They run on a profit-based system, and the specific way these companies make a profit is by accepting monthly insurance premium payments from their policyholders, and reducing or denying as many claims as possible in order to hold onto that money.

For this reason, it’s important to remain wary when dealing with an insurance company. If you suspect your claim is being unfairly denied or reduced, it’s important to refrain from accepting the offer and contact a personal injury attorney immediately to discuss your situation. These attorneys know how to hold insurance companies accountable to prevent bad faith from occurring and causing an injured party further harm. Insurance bad faith refers to any attempt by an insurance company to reduce or deny a valid claim for unjust reasons.

Insurance companies hold all the cards when it comes to deciding to pay a claim or not.

Injured policyholders often find themselves at the mercy of an insurance company’s decision. Due to the necessary funds held by the insurance company rather than the policyholder, the insurance company generally holds a position of greater authority and strength than their clients. Without an experienced attorney backing up a policyholder, there isn’t much a policyholder can do to fight for a fair settlement from the insurance company on their own.

Insurance law is complex and the jargon involved in the field can make dealing with insurance adjusters confusing. However, requests for arbitrary evidence, repeated delays in making payments, and deliberate misinterpretations of policy language are all signs which could indicate that insurance bad faith is at play. Insurance adjusters may attempt to coerce policyholders to agree to certain offers or descriptions of the situation.

This is why it’s a good idea to let an attorney handle your communications with an insurance company. It’s never too late to contact an attorney and discuss your situation. Even if you have previously interacted with an insurance company without legal aid, it might be beneficial to consult an attorney if you suspect an adjuster might be attempting to deny or reduce a valid claim. It’s a good idea to reach out and learn more about your options from a personal injury attorney before deciding how to proceed when dealing with an insurance company.

To learn more, contact Justin Smith directly by calling 888-364-6814 or by submitting a contact form on this page. The consultation is free and confidential, and you owe no out-of-pocket attorney fees.

Video Transcript:

Rob Rosenthal:

Can you count on the insurance company to be on your side if you've heard in a collision? Here's what Texas attorney Justin Smith says in this AskTheLawyers.com Quick Question.

Justin Smith:

The reality is an insurance company is a business, and the way that they make money is by taking in more in premium dollars than what they pay out on claims, so they very much want to take the money from their insured, but they don't want to pay anybody who gets hurt, and when they get forced to, they wanna pay as little as possible. And so when you're left dealing with the insurance company on your own, they're really in the position of authority and strength, 'cause they've got the money bags and you really can't force them to do anything by yourself.

Yeah, they're not on your side. They're on their side.

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