Injured? Are you concerned about the value of your settlement offer? It's not unusual to be concerned about the value of your settlement offer. Insurers get away with lowering their settlements using techniques that make it difficult to inform injured victims how much they are being recommended for. Many victims are left without funds due to their other tactics. They can either pay a Personal Injury Lawyer in Edmonton, or file a lawsuit.

Why do Insurance Companies Offer Lowball Prices?

Insurance companies seek to reduce their exposure, risk and liability. Insurance companies want to minimize their risk, exposure, and liability. You may be offered a settlement if you accept this approach and allow Edmonton Personal Injury Lawyer to do their work. This usually happens within 60 days of filing suit.

What tactics do insurance companies use to get away with lowball offers?

Insurance companies can use a variety of methods to offer low-ball settlements.

Lowball Offers: Insurance companies may offer lowball settlements because they know that you will have to pay the full amount each month until your policy ends or you die. This is known as "paying for ever."

Denying claims A personal injury lawyer in Edmonton understands that insurance companies often deny a claim and then raise their prices to compensate for the loss of revenue they have from not paying legitimate claims. This can lead to you losing coverage entirely because your premiums have risen due to denials in the past. Other times, it is just limited coverage (like $100 per daily) until something happens. And even then, there may not be any money left after all these years.

Can You Get a Better Deal?

There are steps you can take if your insurance company refuses to negotiate with you if you are a victim in an accident. A Personal Injury Lawyer in Edmonton will be able tell you if they have experience with dealing with auto accidents, and if they can help with negotiations.

A mediator is someone who can help you resolve insurance disputes between claimants or insurers. Mediators are not paid to solve people's problems. Instead, they help parties get involved in mediation so that they can resolve their differences without the need for court proceedings. Mediators are not available 24/7, but they will schedule appointments with two days notice to ensure that both sides have sufficient time before things get serious.