subject: Using An Insurance Attorney Will Help You To Negotiate With Insurers [print this page] People purchase insurance in order to transfer the risk of a loss. In other words, you pay premiums so that if something goes wrong, the insurance company is going to have to bear the burden of the big cost of damages. Unfortunately, while insurance companies are supposed to be there to protect you and make sure you don't suffer a large financial loss, insurance companies do not actually work on your behalf. Many people are confused by this or believe that their insurer is on their side and so they do not get the help they need from an insurance lawyer when negotiating a claim or settlement. This can be a costly mistake.
Why You Need an Insurance Lawyer
When you suffer an injury or damage to your property, you will almost always be dealing with an insurer. The insurer may be your own insurer, such as if a natural disaster like a tornado or fire destroys your property. The insurer may also be someone else's insurer, such as when you are in a car accident or when someone else does damage to your property.
Regardless of whether you are negotiating a claim with your own insurance company or with the insurer of another party responsible for causing you to suffer damage, the insurance company is not on your side! The insurance company wants to maximize the amount of profit that they make, so they want to make the payout of claims as small as possible. Ideally, in many cases, they would prefer not to pay out at all.
Insurance companies try a number of tactics to get you to accept less than you actually should receive under the law or under the terms of your policy. They may deny an initial claim or refuse to accept fault. They may try to rush you into a settlement before the full extent of your injuries or damage become known to you. They may try to delay until the statute of limitations for a lawsuit has passed and offer you no recovery at all. They may argue that your property is not worth as much as you claim or try to bury you in paperwork and demand receipts for items purchased many years ago. Regardless of which particular tactic they try, their aim is to prevent you from getting the money you deserve.
When you work with an insurance lawyer, you ensure that the insurer does not succeed in restricting your recovery. The very act of hiring a lawyer shows the insurance company that you are serious about enforcing your legal rights and that you will take legal action if necessary if you are treated unfairly. Your lawyer also knows what you are legally entitled to and will use his knowledge of the law as well as his expert negotiating skills to get you the compensation that you deserve.
When you are negotiating with any insurance company, receive a claim denial or feel your insurer is treating you unfairly, you should not hesitate to take action. Call an insurance attorney today to protect your rights.
by: Jason M. Byrd
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