One insurance practice that I’ve seen is, well, let’s just say it’s a little underhanded. Here’s what happens: the insurance company finds out you’re hurt, and that it’s insured was probably at fault. Then, rather than investigating the full value of your claim, the insurance company simply sends you a check in the mail for a relatively small amount, often around $1,000. The insurance company hopes that you’ll cash that check without realizing it would be for “full and final settlement.” So, if you have $10,000 in medical bills, and it took you several months to recover from the accident, your case might be worth $20,000, depending on the facts. And if you cash that $1,000 check you got in the mail from the insurance company, you just settled your case for 5% of its value!
Don’t allow yourself to be taken advantage of. Don’t sell your birthright for a mess of pottage. You’ve been paying premiums to the insurance industry for years in case something like this ever happened. Now that it has, you deserve to get what you’ve been paying for. If you give me a call I can help you do just that.