Car accidents cause tens of thousands of dollars in costs on average, and the price only goes higher with more serious cases. You need help covering the lofty price tag that comes with a wreck, but your insurance company may not be too quick to help you out.
A wreck that leaves you disabled can cost an average of nearly $94,000 when you have to cover hospital stays, surgeries and ongoing treatment. You pay your monthly insurance rates for just this scenario, but they aren’t always so quick to offer assistance. When you put your hope in your insurance company and they don’t deliver, they may be acting in bad faith.
Passing the buck
You pay your insurance for help in case of an accident, and the state requires them to follow through in a reasonable manner:
- Underpaying: An insurance will often offer as much as they think you’ll accept, not how much you deserve. Adjustors look after the company’s bottom line by determining an offer that will mean little financial impact for them while clearing another claim off their books. These offers may not take into account everything your policy should cover.
- Delaying: Medical costs can pile up quickly, and it doubles the sting when you’re unable to get to work. You need the money your insurance company should pay, but they may draw the process out to make you miss time restraints or accept a lower offer out of necessity.
- Denying: An insurer can try to come up with all kinds of ways to avoid paying your claim. If the insurer fails to disclose the exact reason why they denied payment even though the incident should clearly fall under your policy, you may have cause for a bad faith claim.
Make sure you get the help you need to get your life back on track. You entered into an agreement with the insurance company, and knowing when they’re falling short could be the first step toward getting the assistance you need.