A lot of our personal injury clients tell us that their insurance company tried to rip them off, so we thought we’d tell you the three most common rip-offs insurance companies try:
RIP-OFF #1: PRESSING YOU TO TAKE A ‘FAST’ SETTLEMENT. Sometimes insurance companies offer injury victims a fast settlement. They do this to make even greater profits. You see, by NOT paying what’s rightfully due to an injured victim, such as paying for permanent impairment of a body part, permanent disability, or paying for future medical expenses or loss of future income as a result of an accident, the insurer gets away with paying less than they should.
Before you settle your case, make sure you know the full extent and future effects of your injury. Insurance companies want to act quickly before you know this information. They’re preying on your vulnerability when you’re out of work, hoping you’ll take some money rather than waiting to give you what you’re rightfully owed.
RIP-OFF #2: TELLING YOU ‘YOU MAY LOSE YOUR CLAIM OR YOU WON’T GET ANY MORE THAN WHAT THE INSURANCE COMPANY OFFERS.’ Some insurance representatives use fear as a tactic to avoid paying what the injured victim is rightfully owed. They say the insurance adjuster says, ‘They have no objective injuries and may receive little, if any, compensation’. Don’t be talked into taking a cheap, quick settlement.
RIP-OFF #3: ASKING YOU TO ‘SIGN HERE’. Accident victims can get so confused about what they’re signing that they can sign away their rights to a fair settlement. Always read the fineprint and consult your lawyer before signing anything.
GC Law can help you navigate around these common insurance company rip-offs and protect your rights. Call us today to discuss your claim on 1300 302 318.