insurance adjuster checking car after an accident

5 Things Insurance Companies Won’t Tell You After a Car Crash

What Is Your Insurance Company Hiding From You?

If you’re ever involved in a severe car accident and you suffer injuries, the aftermath can be a confusing one. There are plenty of steps that you have to take to pursue compensation, including dealing with the insurance company. Because Kentucky has PIP, the insurance company may be your own or that of the other party.

Going through the process isn’t easy, especially because insurance companies are large businesses looking to protect their own profits. As such, there are some things you need to know, that they’re not always willing to tell you. We’re here to set the record straight.

If you need to discuss your potential claim with a lawyer, contact our firm at (270) 423-0023 today.

1. Your Recorded Statement May Be Used Against You

The insurance company may request a recorded statement, claiming it’s solely for training and quality purposes. However, recorded statements can also be used by the insurance company to try and take advantage of your rights.

The insurance company will consider the initial report you made and the recorded statement after the fact. If they determine that there are any discrepancies from one report to the other, they’ll try to deny the validity of your claim to pay out compensation and protect their profits.

2. You Don’t Have to Settle Immediately

Settling as quickly as possible is a way for insurance companies to avoid paying out too much compensation. If they can get you to settle soon after the accident, they’ll avoid a longer and more expensive process. They may try to take advantage of the fact that you need money during a vulnerable situation. Discuss your situation with a lawyer before settling anything.

3. Your Social Media Isn’t as Private as You Think

It’s always advisable to be cautious about what you put on social media, even if you feel your profile is listed as private. Insurance companies have ways of investigating claims and accessing social media profiles. It’s important to avoid posting anything that may contradict your injury claims.

4. The Insurance Company Wants to Reduce Costs

Personal Injury claims can be long and costly, and if the insurance company can avoid evaluating the claim to settle for cheap, they will. This means offering a settlement that they feel will prevent them from having to go to trial. In order to do this, the insurance company may try to convince you that the settlement offer they present is all you can get and there’s nothing more to recover.

5. The Way They Value Your Claim May Be Different

The insurance company may look at multiple sources when providing value to your claim, which may end up being much less than the fair value of the claim. You can try to combat this on your own, but it’s usually best to have legal representation to help get as close to the value as possible. The more sources the insurance company has, the more they can change their estimate to be more what they want.

At Kentucky Injury Law Center, we’re well aware of the tactics that the insurance companies will use to protect their profits. They work hard to deny claims or pay out as little as possible, even when you deserve maximum compensation. It’s our job to help combat these tactics and place your best interests first.

Our Kentucky car accident attorneys are ready to stand in your corner and safeguard your ability to pursue justice. We’re here for you when you need us most to defend you against large corporations. We’re hard-working trial lawyers for hard-working Kentuckians.

Contact our firm today at (270) 423-0023 and speak with a legal professional about your potential options in a free consultation.

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