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7 Things Big Insurance Companies Don't Want You to Know

Stay ahead of the Insurance Companies with these 7 facts the big insurance companies don’t want you to know.

What Big Insurance Companies Don’t Want You to Know

  1. Rigid legal timelines can prevent a victim from going to court. The insurance companies count on these time deadlines, known as statutes of limitations. The failure to act in a timely manner may be a complete barrier to your right to recover compensation for injuries.
  2. The goal of the insurance adjuster is to investigate the accident and gather enough evidence to prove the smallest settlement possible is “reasonable”.
  3. Insurance companies are profit-driven corporations. The goal is to make money. All of those compassionate commercials are false advertising. Insurance companies do whatever it takes to curtail claim payments.
  4. If you were injured by an uninsured motorist, your own insurance company may not be easy to cooperate. At the end of the day, it’s about the stakeholders and profit.
  5. The insurance companies will do whatever they can to minimize your pain and treatment costs. Photographs and video provide powerful evidence.
  6. Insurance companies use a shared database system to share information. They have programmed this software to favor themselves and this kicks out skewed data. The misrepresented data causes the claim to be framed in an untrue manner, resulting in settlement offers far below a fair and reasonable value.
  7. Insurance companies do not want you to hire a lawyer. Victims are consistently awarded more compensation when they are represented by counsel.

Remember – if you’re ever in an accident, the most important tip is to NOT give any information to the other person’s insurance company. Contact Huffman & Huffman immediately at (757) 330-3425.