5 Strategies Insurance Companies Will Use to Scam Car Accident Victims
Insurance companies are meant to provide financial protection to policyholders in the event of unexpected losses or damages. However, some insurance companies may engage in unethical or dishonest practices to reduce their financial burden and maximize profits. If you have been seriously injured in the accident, you may need to hire a lawyer to help you recover damages from the at-fault driver. If the accident was minor and you have good insurance coverage, you may not need to hire a lawyer. Although Canada witnesses a relatively low number of accidents annually, according to 2021 stats, there were nearly 17,363 accidents in Edmonton, out of which 1689 were serious, resulting in 259 serious injuries and 16 fatalities. Naturally, the injured drivers and the families of the deceased looked for compensation to recover financially. If you or some loved one has been in an accident in the city, then hiring an experienced car accident lawyer in Edmonton is your best option to receive good financial compensation and deal with insurance companies.
Insurance Companies Try to Scam Victims to Reduce Payouts
Insurance companies will use any excuse not to pay you the full amount you deserve after an accident, even if it's not your fault. Insurance companies are businesses, and they want to make money. They will do whatever it takes to keep their customers happy but will also employ every dirty tactic to make extra profit.
The Strategies of an Insurance Company to Deny Claims
Insurance companies may deny legitimate claims to avoid paying out money to policyholders. This could be done by alleging that the damage was not covered under the policy, that the policyholder was at fault for the accident, or that the policyholder failed to follow the terms of the policy.
Vague or Ambiguous Policy Language
Insurance policies can be complex and difficult to understand, and some insurance companies may use vague or ambiguous language in their policies to make it harder for policyholders to know their rights and entitlements. This can allow the insurance company to deny or reduce claims on technicalities.
Delay tactics
Insurance companies may try to delay the processing of claims to reduce their financial burden. This could be done by requesting additional documentation, conducting extensive investigations, or engaging in other tactics that prolong the claims process.
Intimidation or Coercion
Insurance companies may use manipulative or aggressive tactics to try to bully car accident victims into accepting low settlements or dropping their claims. This could include threatening to cancel the policy, accusing the victim of fraud, or using other tactics to try to intimidate the victim into accepting a low payout.
Lowball offers
Insurance companies may initially offer low settlements to car accident victims in an attempt to get them to accept a lower payout than they are entitled to. This tactic is often used to take advantage of victims who are unfamiliar with their rights or who may be in a desperate financial situation.
It is important for car accident victims to be aware of these tactics and to seek legal guidance if they feel that their insurance company is not treating them fairly. An experienced personal injury attorney can help car accident victims understand their rights and options and can fight to ensure that they receive the full and fair compensation they are entitled to.
