Common Misconceptions of Insurance Companies

Tricks That Could Result in a Bad Faith Claim

After you’ve been in an accident, it’s important to be aware of insurance companies’ tactics to try and minimize your claim. Here are a few common misconceptions that they may take advantage of.

Claiming an Increase in Premiums for a Non-Fault Accident

One common way insurance companies try to limit payouts is by increasing the premiums of drivers involved in accidents, even if they weren’t at fault. This can be a substantial financial burden, particularly if you were already struggling to make ends meet before the accident.

Insisting You Have an Obligation to Give a Recorded Statement

The insurance company will likely try to get you to give a recorded statement about the accident. They may even tell you that you’re required to do so. However, you are not obligated to provide a recorded statement, and it’s usually in your best interest not to do so. The insurance company will use anything you say against you to minimize the amount they have to pay.

Attempting to Contact You After You Hire an Attorney

Once you’ve hired an attorney, the insurance company cannot contact you directly. They may be engaging in bad faith practices if they attempt to contact you. Let your attorney handle all communications with the insurance company to avoid any potential problems.

Other Potential Tricks

There are many other tricks that insurance companies may try to use to limit payouts. These can include delays in processing, denying valid claims, and offering low settlements. If you feel like your insurance company is mistreating you, it’s important to contact an experienced attorney who can help you protect your rights.

Your Trusted Auto Accident Legal Team

At Gunn Law Group P.A., we have years of experience dealing with insurance companies and know how to get the maximum compensation for our clients. If you’ve been in an accident, don’t wait to get help. Contact us today for a free consultation. We’re here to fight for you.