Tag: company

12 Things to Consider When Seuing Your Own Insurance Company

1. Even if their slogan says they are on your side, they truly are not when you are asking for a settlement.

2. Insurance companies are financially able to hire the best of the best legal counsel, but this should not intimidate the honest people who are truly deserving of a fair settlement offer.

3. Suing on your own is probably not the best idea if you want to be taken seriously.

4. Going up against a large corporation may take a lot of time to get a settlement. The longer they keep their funds, the better off they are with their financial investments.

5. Your insurance premiums may go up even though they are not supposed to.

6. You might need to look for different insurance coverage due to them having the right to drop you as a customer.

7. They may have you go to an independent medical representative to consider if your injuries are real or not.

8. If you do not have an official police report saying the fault was an uninsured motorist they may attempt to find you at fault.

9. Be assured they will attempt to limit your medical coverage at all cost. However, you do have the right to see whichever doctor you prefer even if this includes a chiropractor.

10. It is always a good idea to make sure you see an MD as part of your initial treatment as they are viewed as more reputable by the insurance companies.

11. They may even refuse to pay certain bills without you knowing, which results in damaging your credit due to being turned over to a bill collector.

12. Insurance companies are professionals when it comes to dealing with being sued and they do not easily admit fault. They will use whatever bad fair tactic to get what they want including low balling, intimidation not to pay bills, false threats, delay of communication, etc.

5 Main Reason for Avoiding Suing Your Own Insurance Company

1. They are giant and will crush you like a bug. They have unlimited resources and can take as many expert witness depositions as needed to build their case against you. You on the other hand with limited about of money to pay for these witnesses will have pay a lot of out of pocket expenses to build a strong case. This is how the court works. If you do not have a deposition of the testimony then the facts don’t make it to court and your case is weak.

2. The outcome of your lawsuit will be public record. Your settlement about will be for all to see. This $100,000 that you were awarded will appear as so and not “after expenses”. Meaning after your lawyer gets his 40% fee and you have paid off the doctors bills and in some cases you have even paid for the lawyer expenses of the opposing side. So anyone that googles your name will think you just came into big money and not the fact that after all was said and done you end up with nothing.

3. You feel really bad about suiting someone. This may be against your religious beliefs and you may perhaps be shunned by those close to you.

4. When going to trail as opposed to mediation their is a risk of never knowing the outcome. You get a group of jurors that may or may not like you, believe you or think you have a case. So you could potentially walk away with the outcome ruling against you.

5. It takes a lot of nerves and time. You will have to put a lot of time into the preparation of making a strong case. Then the actually time in trail could be stretchered over a large period of time. It could be days sitting in a courtroom listening to testimonies. You, your friends and perhaps family will have to testify. This is the most stressful part and some feel that it is not work going to court. Some cannot take this pressure.

So before you turn down the option of mediation, be aware of this disadvantages, but do keep in mind that you do have the right to go to court and have a jury of your peers determine your outcome instead of some lawyers that more than likely don’t have your best interest at heart.