When you are in a car accident,and it is the responsibility of an auto insurance company to compensate you for your expenses,you should expect a fair settlement. However,insurance companies are in business to make money,and that means that they are not going to be charitable when it comes to settling claims.

Even when you have paid premiums to your own insurer for years,you can be sure that there is “fine print” that will impact the amount of your settlement,when you file a claim with help from a -. That is why it is important to know how auto insurers lowball accident claim settlements.

How Auto Insurers Lowball Claim Settlements

Lowballing is a strategy auto insurers use to pay as little as possible on a claim. The lowball strategy begins when an insurer contacts you to get a statement from you about what happened during the accident. For that reason,you should be careful with what you say during these calls. You may not be thinking clearly right after an accident. If you leave out important information or if there are inconsistencies in your story,the insurer may use what you say to lowball your settlement.

An offer to settle quickly is another tactic used for lowballing settlements. The last thing an insurer wants is for an attorney to represent you,so after that initial call,the next step will be to make you an offer you can’t refuse. A lawyer can work on your behalf to negotiate a fair settlement that takes into account future losses such as the inability to return to the same level or work. However,if you are in a desperate financial situation,you might be tempted to accept a lowball settlement that is only a fraction of what you deserve. Before you accept a lowball settlement,it if wise to consult a -.