Top 5 Things Your Car Insurance Company Won’t Tell You About Your Car Accident Settlement.
If you’ve had trouble filing an insurance claim after your car accident, it could be because your insurance company doesn’t have your best interest in mind. Here are the top five things your car insurance company won’t tell you.
Helping You While Helping Themselves
1. They Will Use Your Statements Against You
When you’re in a car accident, you must report it to your insurance company and be compliant with their investigation. To ensure you don’t say the wrong thing, don’t give any recorded statements without speaking to a lawyer first. Any recorded statement you make on the scene can be used against you later.Your lawyer will advise you on what to say or what not to say.
2. They Can Declare Your Car as a Total Loss to Save Money
A car is totaled when the cost of repairs exceeds the vehicle’s value, but that might not always be the case. Insurance companies might declare your car as totaled to save themselves the cost of repairs. Depending on the extent of the damages, you may recover less money than your car is worth. This amount may not be enough to help you pay for the cost of a new car. You might want to get a second opinion on your car’s damages and decide if the cost of repairs is more beneficial than declaring your car totaled.
3. An Insurance Claim Can Drive Your Rates Up
4. They Can Deny Your Claim
Your insurance company might also deny your claims because you lied or “lied” on your insurance application. For example, if you said you were the only driver of your car but you let a household member drive it and they got into an accident, your insurance company can say it is a “material misrepresentation.” However, you can fight against denied claims. Your lawyer can negotiate with new evidence, file a complaint, or take them to court.
5. They Know Their Settlement is Low
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