A Motorcycle Accident Attorney in Seattle on Avoiding Insurance Company Lowballing Tactics
Posted Wednesday, August 14, 2013 by Chris Thayer
Insurance adjusters may use unreasonable strategies to force an unfairly low settlement for an injury victim’s claim. A person who has been hurt because of another’s negligence, and simply wants to get on with his/her life, may not know how to deal with such unfair lowballing tactics.A motorcycle accident attorney in Seattle can help you counter those tactics and make a fair assessment of your claim value.
Some adjusters may give you what sounds like a compelling argument for taking a low settlement offer. A motorcycle accident attorney in Seattle can give you a fair analysis of your case value and will recognize lowballing tactics for what they are. What follows are some examples.
Lump Sum vs. Structured Settlement
If the adjuster offers you a structured payment plan over several years rather than a lump sum, contact a motorcycle accident attorney in Seattle right away. Often, these structured settlement plans sound better than they really are. Most of the time, earned interest benefits the insurance company, not you. Let your motorcycle accident lawyer in Seattle explain further.
Tax Consequences
The adjuster may claim a low offer is justified since you are getting it tax free. Be wary. Your motorcycle accident attorney in Seattle can discuss the tax consequences of injury benefits.
Attorney Bias
If the adjuster thinks you’d rather not involve a motorcycle accident lawyer in Seattle, they may try to exploit that and force you to take a low settlement rather than contacting one.
Vehicle Depreciation
The resale value of the vehicle involved in your accident may go down even after repairs. Your motorcycle accident attorney in Seattle will review whether the insurance settlement offer takes that into effect and fairly compensates you.
Bad Faith
A motorcycle accident lawyer in Seattle will be well versed in insurance law and contracts. He/she will know what coverage you might be entitled to and can review the details of any offers to protect you against bad faith denials of coverage.
Put the knowledge and experience of a motorcycle accident attorney in Seattle to work for you. Don’t delay, call Chris Thayer now at (206) 340-2008.