If you were involved in an automobile accident in Fort Lauderdale and you are finding that your insurer isn’t paying you what you believe you are entitled to collect, you might be feeling at a loss and uncertain as to what you should do. But you should know, you aren’t the only who has been faced with this obstacle and there are steps you can take to address the issue. The first thing you need to understand when you feel as though your insurer is attempting to undercompensate you is that insurance companies do this rather frequently.
The fact is, most accident victims are unaware of how much they really are entitled to for things like medical expenses, injuries, lost wages, and will often take the first settlement offer they are provided from their insurer because of this. The average person, after engaging in a collision, is usually short on cash and find that whatever it is the insurer has offered, it should be enough and that it will help them cover the financial burdens they are faced with. Unfortunately, this initial amount that is offered is usually far less than what you should be receiving as insurance companies are a business and aren’t looking to spend a lot on one single claim.
Property Casualty 360 highlighted a case of this that involved the insurer Geico, which offers coverage to Florida drivers. The company was sued for “a bad-faith failure to settle a case.” One of the reasons why Geico was sued and was required to pay out more than $2 million for a settlement is because it offered a claimant $12,409 after an accident when the policy’s limit was $30,000. The claimant had accrued nearly $10,000 alone just from being admitted into the emergency room following the accident and that didn’t include any other expenses he had incurred.
So, what should you do if you think your insurer has provided you with a low-ball settlement offer?
Well, you could contact a Fort Lauderdale, FL accident lawyer who will take the time to assess your damages (i.e. pain and suffering, lost wages, medical bills, etc.) and see what they are worth. Not only will an accident attorney assess what your financial losses are right now, but also those you expect to incur in the future. For example, you may have already acquired $25,000 in medical debt but still haven’t quite healed from your injuries. You may still need to undergo physical therapy which could cost you a significant amount more, some of which may not be covered by your health insurance policy.
An attorney, unlike your insurer, will factor in current and future medical expenses, not just the amount you have already spent or accrued in bills. Once your attorney determines what your claim is actually worth, they can then compare it to what the insurer has offered and demand more be paid if the numbers don’t quite jive.
Now, if you would like to discuss your car accident claim with an accident lawyer in the Fort Lauderdale, FL area now, contact Gabriela C. Novo, P.A. at 954-822-5198.
Gabriela C. Novo, P.A. is located at:
200 S.E. 6thStreet, Suite 102
Fort Lauderdale, FL 33301