Are you negotiating with an insurance adjuster and you were surprised that they low balled your car accident injury settlement? Check out this short video to learn why.

Hey everyone, my name is Barry Z and I’m a personal injury lawyer. In this video we’re answering a common question and that is why insurance companies low ball car accident victims.

0:00 Introduction
0:40 Why insurance companies low ball car accident victims
1:45 State Farm Insurance claim statistics
3:05 How do insurance companies low ball you?
3:23 Insurance companies take advantage of the system
4:00 Recorded statements
4:38 Insurance companies try to delay claims
5:30 Insurance companies deny claims
6:50 Insurance companies will diminish your claim


The bottom line is --- they are a for profit business. Their single goal is to make as much money as they can, and they do it in part by paying out as little on car accident settlements as possible.

Look to these statistics:

The biggest provider of auto insurance in the United States is State Farm Insurance. They have 44 MILLION auto policies and from those they bring in about 40 BILLION in premiums per year.

Now, according to State Farm, in 2019, they handled around 22,000 Fire and Auto Claims per day. If they were able to reduce all these claims by just $1000, just 1k per claim they would save $22 MILLION DOLLARS a day or over $8 BILLION dollars per year.

So how do they do this? They take advantage of the system, and they delay, deny or diminish your claim.

How do they take advantage of the system?

Well, they have the upper hand. First, they have what you want – money or compensation for your damages or your injuries. So they’ve got the leverage.

And they know the game and you don’t. State Farm is processing 22k claims a day. People who watch my videos tell me all the time they’ve never been involved in an accident before.

So one of the insurance adjuster tricks they do is they get you to give a recorded statement – something that generally speaking should not be done. Then they use what you told them against you later.

Video on among other things, recorded statements:
[ Ссылка ]

How do insurance companies delay your case?

Well, they have all the time in the world. But to you time without your car is precious right – you can’t get to work. So they’re just in no rush to move your case along any faster than it has to.

They also deny claims. I have seen it time and time again, insurance companies dealing with accident victims have their claims denied by low level insurance adjusters. Then when an attorney gets involved or a lawsuit gets filed they’ll change their tune.

Another thing they do is try and diminish your claim. I already told you the financial windfall of reducing every claim by just $1k. Here’s another tactic to diminish your claim – they put a percentage of fault for the accident on you. They’ll say we take responsibility for the accident but we think you were 30% at fault. Well depending on the state you live in, you may still be able to recover but your recovery is now going to be 30% less.

Video - when you might accept some fault for an accident: [ Ссылка ]

In sum they’re counting on people:

Who need quick money
Who are afraid of going to court
Or are afraid of getting taken advantage of by lawyers/legal system
And of course by people who represent themselves but don’t have any experience working with insurance companies.

Don’t accept a low ball offer from an insurance company. Contact LawFull at info@legalvlogger.com for more information.

Disclaimer: This video is for entertainment and informational purposes only. It is not intended as legal advice and the accuracy thereof is not warranted or guaranteed. This information is prone to errors and omissions. Use this information at your own risk. Watching this video does not create an attorney-client relationship.

Insurance Information Institute: [ Ссылка ]


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