After years of funding insurance premiums, you may be wondering why in the world it is so difficult to get a claim paid; after all, you may have been handing over substantial amounts of money for decades and for so many different policies that what you are asking for in return due to a claim seems almost minimal, and all very shocking in the face of a lowball offer. You have stuck to your end of the bargain. You signed on the dotted line, you follow the rules, and you gave the insurance company a sizeable portion of your yearly income. For many policyholders around the US, this is this story—with premiums paid for years, and no claims ever made—leading to grand wealth for many insurers.
If you are a policy holder left holding onto a pile of insurmountable and unpaid bills, you find yourself ruminating over why insurance companies make the process so difficult for hard-working individuals. The answer is simple, and definitely disappointing, as insurers have one goal: to keep as much money in the bank as possible and watch profits (and interest) continue to rise.
Adjusters may also be given bonuses and added commissions for paying out the minimum in settlements quarterly or annually. They are trained to spend as little time and as little money on your claim as possible, unfortunately. While the is business as usual at the insurance company, on a personal level, for you, it can be devastating to realize that you may not be getting a claim paid on time after experiencing property damage and possibly extensive physical damages as well.
An insurer who could be acting in bad faith will often offer a lowball settlement just to see if you will take it. With an attorney on your side, this is less likely to occur, which is why you should consult with an experienced law office like that of Andrew ‘Pike’ Piekalkiewicz, PLLC as soon as possible. A lowball offer may also be accompanied by intimidation tactics stating that you should take the offer, even as low as it is, because that is all you are likely to get. The adjusters and the representatives from the insurance company may be extremely convincing – and don’t forget, this is their job. In most cases they are very skilled, and without legal advice, you could be putty in their hands. That’s just what they want! Do not accept any settlements without speaking to an attorney first.
If you have been injured in an accident due to the negligence of others, this is not the time to go it alone! Please call the law offices of Andrew ‘Pike’ Piekalkiewicz, PLLC as soon as possible at (713) 748-7453 or visit AttorneySgtPike for a no obligation case review.