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Insurance companies employ a variety of tactics to minimize the amount of money they have to pay out in insurance claims, including:

The first thing that you need to understand is that the insurance adjuster is not on your side.

The insurance adjuster’s job is to pay out as little money as possible on each and every claim. In order to do this, insurance adjusters are trained to use a variety of tactics to lowball settlement offers, delay payments, and deny claims altogether.

Here are some of the most common insurance company tactics that you may encounter:

1. Offering a Quick Settlement

One common tactic that insurance companies will use is offering a quick settlement. The thinking behind this is that if you accept a low settlement offer right away, you will be less likely to hire an attorney or fight for a higher amount.

If you are offered a quick settlement, it is important that you do not sign anything or agree to anything until you have consulted with an experienced car accident attorney.

2. Low-Balling the Settlement Offer

Another common tactic that insurance companies use is lowballing the settlement offer. This means that the insurance company will make an initial offer that is well below what your claim is actually worth.

The insurance adjuster may try to tell you that this is their final offer and if you do not accept it, you will get nothing. Do not fall for this tactic! Remember, the insurance adjuster’s job is to save the insurance company money, not to get you the compensation that you deserve.

3. Delays in Payment

One way that insurance companies try to save money is by delaying payments on valid claims. The thinking behind this is that if they can delay paying out on a claim, they can earn interest on the money that they would otherwise have to pay to you.

In addition, delays in payment often force claimants to accept lower settlements just to get the money that they need to pay their bills. If your insurance company is delaying payment on your claim, you may want to consider hiring an attorney to help you get the compensation you deserve.

4. Denying the Claim Altogether

In some cases, insurance companies will deny valid claims outright. This is usually done in cases where the insurance company believes that it can get away with it or when the claim is for a large amount of money. If your claim is denied, you should not give up. You may need to hire an attorney to help you appeal the denial and get the compensation you deserve.

5. Asking for a Recorded Statement

In some cases, insurance companies will try to get claimants to give recorded statements. The thinking behind this is that claimants will often say things in a recorded statement that can be used against them later on. For example, if you are asked how you are feeling, and you say that you are feeling fine, the insurance company can later use this against you if it is discovered that you actually have injuries. You should never give a recorded statement to an insurance company without first consulting with an attorney.

6. Offering double to triple the amount of property damage as if to say we care.

There seems to be some discrepancy when it comes to how much companies are actually willing to offer in terms of property damage. Some are willing to offer as low as $500, while others are willing to offer $2500 or more. This could be seen as an attempt to seem more generous to those who have experienced damages, but it could also be interpreted as a way to ensure that they are not taken advantage of.

Many people might see this as an attempt to be charitable, but in reality, it is just a way to ensure that they are not taken advantage of. Offering more than the standard amount can be seen as a way of saying that we care about our customers and want to do what we can to help them