In the modern world, car accidents are a daily life incident. It goes without saying that car accidents can be a nightmare for anyone involved; what’s worse is not getting the insurance settlement that you deserve.
The insurance company will usually give an early settlement offer, which can be lower than you deserve. By accepting their offer, you might lose out on thousands of dollars, which they rightfully owe you. The insurance company will always try to lowball the victim in order to make more money for themselves. That’s why; it is almost always advisable to approach a car accident attorney to negotiate your settlement money.
That is the best-case scenario of a car accident settlement, so what’s the worst case? The worst case is when the insurance company delays your compensation money.
The insurance company delaying the settlement is not surprising, but why did they? Some of the reasons can be
Multiple Victims
If you were in a car accident that involved multiple victims, you should expect a delay in your insurance settlement. Each victim will claim a different amount to the insurance company. So the insurance company has to go through every claimant and determine how much each claimant should receive from the available compensation.
That is another good reason to hire a car accident attorney, so they can negotiate with the insurance company and get you a fair amount of the total compensation money.
Multiple at-fault Drivers
The person who was the primary reason for an accident is known as at-fault parties. When an accident has a clear at-fault driver, that person can be held liable for that accident. The insurance company will also reach an agreement to offer an early settlement.
The problem emerges when there are multiple at-fault parties involved in an accident. No insurance company will be ready to settle the claim. They will try to pin it on the other driver just because it’s the best outcome for the company. In this cases court has to determine who the at-fault party is.
Chain Crash
Another reason for an insurance delay can be a chain accident. In a chain car accident, it is a complicated process to point out who the at-fault party is. To get the settlement offer from an insurance company it is necessary to identify the at-fault driver. In a chain car accident, anyone can be an at-fault driver. There will be more than one at-fault driver. Settlement offers can be delayed, for this type of accident. It’s best to approach a skillful car accident lawyer for complex cases like this; to get the best outcome.
Insurance Company Delay
Sometimes you won’t get the settlement offer soon just because the insurance companies don’t want to give it to you. Yes, the insurance company will do that. The insurance company makes a profit from your money. The longer they hold it, the more profit they can make, so of a course insurance company will try to delay/deny your claim.
They will delay the money to make you forget about the claim. When you approach them, they will ask for random documents you don’t need to provide. There are many law firms, available to deal with this type of situation, who are experts in negotiating with insurance companies that delay your money.
Negotiation Delays
A car accident settlement negotiation doesn’t have a timeline. Attorneys will have your best interest in mind; they will try to get you the maximum compensation. These negotiations won’t go smoothly in all cases. The insurance company’s motive is to lower the settlement as much as possible. This negotiation can go many months. Even the best car accident attorneys can’t give a fixed timeline to get the compensation.
An Overview
It is not certain that you can get an early settlement from car accidents. Car accidents are already a nightmare; in that, the insurance company will try to delay your money. Even for a minor car accident, it is best to hire a skilled car accident attorney to avoid any confusion and to negotiate with the insurance company to get you fair compensation.
