After a car accident or other personal injury, dealing with insurance companies might seem straightforward — involving filing a claim, presenting your case and receiving a fair payout. Unfortunately, it is not always as simple as it may seem.
Insurance companies are businesses focused on minimizing costs and turning a profit – not ensuring that you get the compensation you deserve. In Nevada, where comparative negligence laws can impact injury claims, negotiating without legal guidance can lead to reduced settlements or denials.
Insurers prioritize their bottom line
Insurance adjusters are trained to protect company profits and may sometimes employ bad faith practices. They may offer quick settlements, hoping that claimants will accept before realizing the extent of their damages.
Without legal guidance, you might unknowingly agree to accept an amount that fails to cover medical expenses, lost wages and future costs.
Tactics used to minimize payouts
Insurance companies often employ strategies to reduce the value of injury claims. Examples include:
- Downplaying injuries: They may argue your injuries are minor or pre-existing.
- Shifting blame: Nevada’s comparative negligence rule means insurers can reduce payouts if they can show that you were partially at fault.
- Delaying claims: Prolonging the process can pressure you into accepting a lower offer.
These tactics are designed to weaken your claim and reduce the payout, making it crucial to push back with solid evidence and preparation.
Protecting your financial future
Accepting an undervalued settlement could leave you without the funds needed for long-term care and other expenses. Thoroughly documenting all accident-related costs, gathering strong evidence and fully understanding your rights can help strengthen your case before negotiating.
While negotiating alone may seem cost-effective, it may not lead to the insurance payout you deserve. Seeking experienced guidance on Nevada’s insurance laws can make a significant difference in securing just compensation.
