When you have been in an auto accident, home accident, on the job accident, or any other type of personal injury accident involving an insurance company, it is important that you have legal representation and fight them for the compensation that you deserve. In order to understand why it is important to fight big insurance instead of taking the first settlement they offer, you must first understand how big insurance works and what you are entitled to.
Big Insurance is Out for Themselves
You have insurance so that you are protected in case of an accident. The insurance companies you work with should be on your side, right? Not necessarily. These insurance companies are really only looking out for their bottom line. If they can satisfy you with a smaller amount than you are entitled to, they will take every advantage you give them.
When you are working with someone else’s insurance company it can be even more trying. The insurance company you are working with in these situations is representing the negligent party that caused your accident. They have no obligation to you beyond a third party payee that needs to be compensated. The insurance companies will do everything they can to pay as little as possible.
What Compensation You Are Entitled To
You are entitled to a number of types of compensation depending on the type of accident you had, as well as the extent of the situation. As a general rule, you are entitled to compensation for all of your related medical bills, even if they are ongoing and treatment will continue after the end of the lawsuit. You are also entitled to lost wages for time you had to take off work due to your injury as well as the time you had to take time off work to get treatment for your injuries.
You are also entitled to compensation for any property damage you may have sustained, as well as lost wages for time you missed from work due to the incident or your injuries. If you are permanently disabled, you may be entitled to additional compensation for change of career, future oss of income, or loss of caregiver for others.
If you have big insurance companies trying to get you to take a low settlement, do not sign anything or cash their check. Doing so forfeits additional right to compensation. Instead, contact us immediately for a free consultation.