In personal injury cases, a victim expects a fair share of compensation for the injuries caused by another person’s negligence. Fair compensation is essential to pay medical expenses and other financial liabilities, and it is the victim’s right to receive reasonable compensation in accordance with the law.
However, insurance companies are in a money-making business. They want to maximize their profits and avoid any possible fair payment by employing numerous tactics to limit, deny or devalue the claim.
If you are a victim of personal injury or an attorney, it is instrumental to be conversant with the tactics employed by insurance companies to protect your interest at the cost of others. Only then will you be in a better position to protect your interest against them.
This article will discuss some of the most common tactics employed by insurance companies to devalue personal injury claims. So let’s dive into it.
1- Approaching a plaintiff after the accident
It is common for the insurance company of the at-fault party to approach the plaintiff after the accident. The company agent could act in a very friendly manner to gain the trust and sympathy of the victim and then collect information that they can later use against the plaintiff.
So if any agent approaches you and tries to seek information from you in a convivial manner, be careful and do not share any information with them. Don’t fall into their trap and avoid their calls altogether.
2- Asking the plaintiff for medical authorization
One of the most important parts of personal injury claims is medical treatment. In order to devalue the compensation claim of the plaintiff, the agents of insurance companies contact the plaintiff. They try to convince the plaintiff that they need the details of medical bills to issue a payment or they need the plaintiff’s medical records to verify the plaintiff’s injuries.
Typically, insurance companies’ agents intend to receive medical authorization from the plaintiff to access the plaintiff’s medical history. These agents look for previous injuries to devalue or deny the victim’s claim.
In order to avoid this insurance tactic, it is instrumental for you to decline any request for medical authorization. It would be best if you hired the services of a personal injury lawyer and give them the responsibility to handle your case.
The attorney will provide details of medical records needed to process your claim, and they will not give access to the plaintiff’s medical history to protect their interest.
3- Downplaying the injuries of the plaintiff
In personal injury claims, the plaintiff needs to go to medical personnel for the evaluation of the injuries caused. Similarly, it is important to follow the treatment prescribed by the medical practitioners. If the plaintiff does not seek treatment for the injuries caused, the insurance companies can exploit the plaintiff. They may argue that the injuries are not serious and the plaintiff will recover easily without undergoing any medical treatment. Essentially, it will devalue the claim of the plaintiff.
With that said, your best bet is to go to the emergency room and take proper treatments. In many cases, the plaintiff does not have an external injury, so they take the injury for granted, but there may be an internal injury that can result in serious ramifications. Thus, it is essential to seek medical treatment.
4- Exploit the personal condition of the plaintiff
The insurance companies try to get as much information as possible against the plaintiff and use the information to damage their claim. For example, an insurance company is conversant that a plaintiff has depression. The agents of these insurance companies may employ means to trigger the plaintiff’s anxiety and depression.
By using these emotional triggering tactics, the insurance may obtain information from the plaintiff and use it against the victim’s interest.
5- Delaying tactics of insurance companies
Victims of personal injury claims may not be able to continue their professional responsibilities due to the injuries caused to them. Additionally, they have to pay medical bills, and over some time, the expenses are piled up, and victims end up struggling to pay their financial liabilities.
Insurance companies employ delaying tactics to frustrate the injured victim who is already going through financial distress. Insurance companies delay the settlement hoping that the plaintiff will become desperate for money and accept an undervalued settlement payment.
If your settlement delayed you may need funding for your case
Mentioned above are some of the tactics insurance companies employ to protect their own interest. The plaintiff and personal injury lawyer need to be careful and protect their interest no matter what.
If the insurance company is trying to delay your settlement to make you desperate for money, don’t settle for unfair compensation. If you need money to pay your bills or get by, you can file an application with Baker Street Funding to receive pre-settlement funding at any stage of your case.
Pre-settlement funding is non-recourse which means that you won’t be responsible to pay it back if you lose your case. Our lawsuit loan rates go from 2.95% to 3.4% non-compounding per month. We also offer capped rates that protect you from getting predated on paying more on interest after 2-3 years from your loan.
You can use the funding as financial assistance to pay your financial liabilities until you receive fair and reasonable compensation mandated by law.
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