Insurance Companies Are Making Lowball Settlement Offers

by Ben Glass
(Fairfax, Virginia, USA)

If you have been hurt in a Virginia car accident, you assume that the insurance company will make you a fair settlement offer. However, it seems that more and more people are being offered lowball settlements by insurers.

It wasn’t that long ago that insurance companies were making reasonable offers in serious, clear liability cases, but things appear to have changed.

There are a couple of possible reasons for this change within the insurance industry. For starters, almost every business is having difficulty in this economy, including insurance companies.

Consequently, insurance companies are attempting to hold on to their money longer, which is basically forcing Virginia accident victims to hire attorneys, if they want to be treated fairly.

In the long run, this practice will probably negatively impact the insurance companies, because generally, when people hire attorneys, they obtain higher settlements than those who attempt it on their own.

The second explanation for these unreasonable insurance settlement offers has to do with the turnover rate at some of the insurance companies.

Experienced insurance adjusters have been let go, leaving younger, inexperienced adjusters to handle the workload. Many of these “young guns” try to “make a mark” by trying to force people to accept low settlements.

What does that mean for you if you have been hurt in a Virginia accident? It is going to be harder to get a reasonable settlement without the assistance of an experienced personal injury attorney.

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For more information and to learn more about Ben Glass, visit BenGlassLaw.com