How COVID-19 Is Affecting Settlement Offers
COVID-19 has devastated the economy and closed courthouses. If you have a pending injury claim, you could be affected by these changes. The coronavirus pandemic should not be an excuse for an insurance company or other defendant to offer you a lower settlement for your personal injury claim.
Always Have Legal Counsel
During these times, many people want to avoid retaining a personal injury attorney. They are looking to save money and want to handle things on their own. In some cases, people might think that the legal process has come to a halt during the pandemic. Without legal counsel, you may experience problems with your case. With COVID-19 hurting many insurance companies’ profit margins, they are less likely to offer a fair settlement. Unfortunately, these companies are taking advantage of the current situation and are more likely to make a low offer in your case. When you hire an attorney, you will have someone advocating on your behalf. The insurance companies will have stricter negotiation standards, and they may even try to settle injury claims before you have the proper representation. They want to close your claim, and you might have issues trying to contact their offices. Despite COVID-19 issues, insurance companies are still open for business, and they should be able to process your settlement promptly.
Dealing With Insurance Companies
Insurance companies want to settle quickly for the least amount of money. They have been severely affected by the crisis. These companies make a profit on the stock market and other investments. With the economy fluctuating, their money sources are hit hard. For those with a pending claim, the insurance companies will take a hard approach to their settlement payouts. The companies might tighten down on claims that would have been paid out in the past. They will become more aggressive in their attempts to settle your claim for the lowest amount possible. Insurance companies are counting on you to agree to their terms as they offer you a lower settlement.
However, you should know that insurance companies do not dictate the terms of your settlement. With an experienced personal injury attorney, you can challenge these low offers and receive the proper compensation for your case. Your lawyer can help negotiate and take your case to court to ensure you receive the best settlement. You should not have to settle for less. These companies will present you with a low offer, but you still need to pay bills and other expenses that persist despite COVID-19.
Don’t Settle for Less
In this crisis, the defendants and their insurance companies are protecting assets from any financial impacts. However, these unprecedented times should not take away from the harm caused by an accident. You are entitled to compensation, and you need to speak to an attorney who knows the details of your case. Many insurance companies want to negotiate when you do not have legal counsel or understand all your rights. Insurance companies are promising a quick settlement and taking advantage of the current financial environment. The COVID-19 pandemic should not be an excuse to propose a low offer. You need to continue with your claim until you can reach a fair settlement.
Talk to a Personal Injury Attorney
Many Americans are struggling during these unprecedented times. Some companies want to force your decision in a settlement to protect their profits. They may also take advantage of the financial crisis to offer smaller payouts. These companies will use every trick in the book to stop your claim or persuade you to take a low offer. If you want to get fair compensation for your accident, you need to speak to an experienced attorney.
If you feel pressured to accept a low offer from an insurance company, you want to find the right legal counsel for your claim. At Rebenack, Aronow & Mascolo, L.L.P., we can help you with your case during this challenging time. Personal injury lawsuits are complicated, but there are more difficulties when trying to settle during a pandemic. Make sure to contact our New Brunswick office at (732) 247-3600 or visit our website for a free consultation.