Can You Trust Your Insurance Company?
If you get into an accident, one of the first things you would – and should – do is contact your insurance company and file a claim for suitable compensation. After all, such compensation is the reason you have an insurance policy in the first place. You pay your insurer monthly premiums in the expectation that your investment will come back to you if you are ever involved in a serious accident.
The question you need to ask yourself before doing so, however, is: “Can I trust my insurance company?”
A Conflict of Interest
Consider for a moment what the act of paying out a claim looks like to an insurance company. If monthly premium payments are money in, paying policyholders’ claims is money out. In other words, when you make a claim to your insurance company, you are asking them to reduce their profits by giving money to you – not exactly an attractive business practice.
Of course, under the terms of your insurance policy, the company is obligated to give you that money, whether or not they want to – but that doesn’t stop them from trying to reduce the sum they end up giving out. The bottom line is this: the initial offer (or even initial denial) that you receive from an insurance adjuster following an accident should almost ever be accepted as the final word.
In many situations, an insurance company will put up as many barriers to your claim as possible – barriers which will not be lowered until you acquire the representation of an experienced Minneapolis personal injury lawyer who has the clout to make the company pay attention to your claim.
Should You Consult an Attorney?
You should only consult a Minneapolis personal injury lawyer regarding your claim if you would like to get the full amount of compensation to which you are entitled. If you are happy to let the insurance company tell you how much money you do or don’t deserve, then a lawyer is unnecessary.
In other words, hiring a Minneapolis personal injury attorney to handle your case is almost always a smart decision. Put the experience of Terry, Slane & Ruohonen, PLLC to work for you today. Call 612-362-0000 to discuss your case with our professional staff.
