What You Need to Know About Insurance Companies

What You Need to Know About Insurance Companies

Insurance Companies do NOT work for you, nor do they have your best interests in mind.

Many insurance company adjusters will speak with you respectfully to gain your trust and confidence. Using the “nice guy” approach, they will try to get you to divulge as much information about you as possible, even if irrelevant to your case. They will dig for any morsel of information that they believe may undermine your case or give it lesser value. They often will not voluntarily inform you of the benefits to which you are entitled as part of your case. Their job is simple: close the file as quickly as possible for as little as possible.

Insurance companies want you to admit fault.

An insurance adjuster may ask you for a statement regarding your memory of the incident. They may promise that this will speed up the settlement process or that you won’t be able to recover compensation unless your statement is given. Don’t take these promises as Gospel. When taking your statement, insurance adjusters may make it sound like you are at fault. Keep in mind that any statements you make to an insurance company can be used against you later. Furthermore, there is no such thing as “off the record” with an insurance company. Anything you say to an insurance adjuster can and will be used against you. Even the smallest, most casual comment can reduce your compensation.

Insurance companies have vast resources.

Insurance companies not only have vast financial resources, but a large and experienced staff of attorneys and a staff of investigators with access to databases of medical information. They will do everything in their power to find a loophole or something from your past to weaken your claim. If you handle the case on your own, you will be up against a giant insurance company with unlimited resources building a case against you.

Do not negotiate on your own.

You may think that you can net more compensation by not hiring an attorney and by negotiating directly with the insurance company adjuster. Ryan R. Cox & Associates will not take a case unless Mr. Cox reasonably believes his firm can get you more compensation, even after attorney’s fees, than you otherwise would have received negotiating the claim on your own. At Ryan R. Cox & Associates, an aggressive and compassionate lawyer will work to achieve maximum recovery for your injuries. When you negotiate on your own, you may make negotiating errors that can lessen the value of your case.

Insurance Companies want to pay you as little as possible.

Insurance companies deny or pay inadequate and below value settlements on claims all the time. They find ways to prove their client is not negligent, or that YOU are to blame. They attempt to disprove your injuries or claim they are not as extensive as you believe. They will do whatever they can to make sure they pay you as little as possible or nothing.

Insurance companies are only interested in one thing – profit!

No matter what insurance companies claim on television or other advertisements about caring for you as a person, take it with a grain of salt. Remember, insurance companies sole objective is to make profit, or take in more premiums that they pay out in personal injury claims.

If you’re still not convinced about how the insurance industry treats your claim, you need to read David Berardinelli’s book, From Good Hands to Boxing Gloves, which documents All State’s institutionalization of practices aimed at enriching the insurance company at your expense.

Ryan R. Cox & Associates will work for YOU.

At Ryan R. Cox & Associates:

  • You will receive a fair evaluation of your case and inform you of its strengths and weaknesses. Mr. Cox and his staff will educate you about the components of your claim along with the potential values associated with these components.
  • You will have caring people on your side who are experienced in dealing with insurance companies. Insurance companies have many people working for them. Often, they will try to avoid or delay paying valid claims, or offer unfairly low settlements. You need someone to assert your rights to get what you deserve. Ryan R. Cox & Associates routinely deals with these matters and knows how insurance companies work.
  • You will pay a fee only if you collect. A key benefit of using a lawyer for injury claims is the contingency fee. A contingency fee is only paid if you collect. Contingency fees let anyone who has a case get legal help, even if he or she does not have the finances to pay an attorney.
  • You will likely get more money than you otherwise would receive handling the case on your own. For most injury victims, this is the best reason for hiring a lawyer. Ryan R. Cox & Associates will not take your case unless Mr. Cox reasonably believes that he will be able to get you more compensation than you would receive if you pursued the matter on your own, even after deducting the costs of the contingency fee and costs advanced.