Insurance Companies are Lying to you

Insurance is put in place to provide us with a sense of security. Your insurance company is supposed to be your safety net when tragedy strikes. There’s something you need to understand though. The insurance adjuster is paid to protect the interests of their employer – the insurance company. It’s not in their best interests to payout. I’m going to address some of the tactics insurance companies use to limit payouts on claims. If you understand how insurance companies operate and learn what insurance companies are not telling you the better prepared you’ll be when a tragedy happens.


Where Does The Money Come From?

You may feel that if you make a claim the insurance company can’t afford it, or that your premiums will increase. That’s not necessarily true. Here are some of the profit numbers for 4 of the top insurance companies.



The Real Truth about Personal Injury:

Myth

The insurance adjuster is on your side and is there to help you.

Truth

The insurance adjuster is paid to protect the interests of his or her employer – the insurance company.


Myth

The accident wasn’t your fault, so some insurance company will automatically pay for the property damage to your car, your medical bills, your lost wages, and your injuries.

Truth

The insurance company will fight you every step of the way.


Myth

When you are in an accident and the insurance company calls and asks for a recorded statement, you must give them one or they will not settle with you.

Truth

Your OWN insurance company may require you to give a statement. You must cooperate with your own insurance company. Make sure that you know who is asking you for a statement. If you have any questions, contact an attorney.


Myth

The accident wasn’t your fault, so if you give the insurance company a recorded or written statement they will pay for property damage and medical bills.

Truth

The insurance company will take whatever steps are necessary to limit what they should pay you.


Myth

The insurance company will make a fair and reasonable settlement offer.

Truth

The insurance company is under no obligation to make any settlement offer. They will dangle the possibility of an offer only to obtain as much information as they can gather to use it against you later. If a settlement offer is made, it will be below the actual value of your case.


Myth

The insurance company will not offer or pay more if you hire a lawyer.

Truth

The insurance company’s own research shows settlements in cases where the injured person is represented by a lawyer are significantly higher and the client receives more money even after payment of attorney’s fees.


What Is The Simple Truth?

The simple truth is insurance is a necessity to stay prepared when something unexpected happens. Insurance helps keep you safe.

The best way to combat the insurance companies is with knowledge and an advocate looking out for your best interests. A highly experienced and well-qualified lawyer covers both.


» Click for a FREE Consultation

If you or a loved one has been injured because of someone else’s negligence, call on the New York personal injury lawyers of Greene & Reid. Call us toll free at (800) 886-9665 or simply complete a free online consultation form, and one of our attorneys will contact you to discuss your accident and answer your questions, free of charge. Greene & Reid has successfully advocated for clients in CortlandSyracuseNewark, andWatertown.

Our New York personal injury lawyers handle cases in the areas of auto accidentbirth injuryboating accidentbrain injuryconsumer frauddrug injuriesdog bitesinsurance disputesmotorcycle accidentnursing home abuseslip and fall accident, or wrongful death.

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