It’s a frustrating reality—you get into a car accident or other personal incident only to discover your insurance will only cover a fraction of the expenses you’ve incurred throughout the process. It’s dehumanizing and debilitating, knowing that your claim will receive so little compensation from your insurance provider.
After an incident occurs where trauma or injury occurs to another person, there is always an at-fault party and a party who is not at-fault. The at-fault person must make their insurance provider aware of the wrongdoing or incident as soon as possible; then, the insurance company will send out a claims adjuster to evaluate and adjust the claim.
The insurance company and claims adjuster have a similar goal: to minimize your payment and delay your claim. Still, claims adjustment is a job that requires skill and precision to execute because there are so many factors to evaluating a given claim.
When you receive an offer for your claim, you can either accept or reject that offer and attempt to negotiate a better offer. Take time to evaluate if the offer you’ve been given is truly acceptable and fair. In determining whether you are receiving enough money for your claim, you should carefully research your insurance policies, determine all costs you’ve incurred as a result of the injury or accident, and analyze the situation for potential future costs that a higher amount from the insurance company could cover or help you in the future.
It’s important to do plenty of research to ensure you’re not being low-balled. Consulting us at Franco Law Firm to get understanding on if your claim is getting the monetary compensati