Receiving a lowball offer from your insurance company can be both frustrating and confusing. You might wonder why they are offering less than what you believe your claim is worth. However, understanding the reasons behind these low offers can help you navigate the claims process more effectively. With this knowledge, you can ensure you get the compensation you deserve. At Fielding Law, we are here to help you fight back against unfair offers with our caring and capable legal team.
Why Do Insurance Companies Lowball?
Insurance companies are businesses that aim to maximize their profits. Unfortunately, this often means offering claimants less than what their claims are worth. Here are some common reasons why your insurance company might give you a lowball offer:
- Protecting Their Bottom Line: Insurance companies make money by paying out as little as possible on claims. A low offer is often an attempt to settle your claim quickly and cheaply.
- Assuming You Will Accept: Insurance adjusters know that many people are unfamiliar with the claims process. They may count on you accepting the first offer without question.
- Downplaying the Severity of Your Injuries: The insurance company might argue that your injuries are not as severe as you claim. This tactic can lead to a lower offer.
- Challenging Liability: If the insurance company believes that you are partially at fault for the accident, they may reduce your compensation accordingly.
- Testing Your Patience: Insurance companies know that people need money quickly, especially after an accident. They might offer less, hoping you will accept out of financial necessity or frustration.
What Should You Do If You Receive a Lowball Offer?
If you receive a lowball offer, it is important not to accept it immediately. Instead, take the following steps:
- Do Not Rush: Take your time to review the offer carefully. Do not feel pressured to accept it right away.
- Gather Evidence: Collect all documentation related to your claim, including medical records, repair estimates, and any evidence that supports the extent of your damages.
- Seek Legal Advice: Contact an attorney at Fielding Law. We can help you understand your rights and negotiate a fair settlement.
Why Choose Fielding Law?
At Fielding Law, we know how to handle insurance companies and their tactics. Our team is dedicated to helping you fight for the compensation you deserve. We understand the challenges you are facing and are here to guide you through the legal process with kindness, empathy, and unwavering capability. By choosing Fielding Law, you are choosing a firm that puts your needs first. We ensure that you are treated fairly and with respect.
Do not let a lowball offer from an insurance company dictate your financial future. Fielding Law is here to help you secure the compensation you deserve. Contact us today at 833.88.SHARK to discuss your case with our experienced and compassionate team.
Note: Information provided is for educational purposes and does not constitute legal advice. Always consult with a qualified attorney for legal concerns.
