All auto insurance companies operating in New Jersey have the same objectives: Maximize their profits and grow.
Not one company will claim that its goal is the pursuit of justice and your happiness. That being said, it is important to know how insurance companies reconcile these two objectives - growing, which implies a good reputation, and being profitable, which implies minimizing claim settlements.
How can insurers deny the payment of a just settlement after a car crash?
Insurance adjusters could try to lower your injury settlement, declaring that your injuries existed prior to the accident. They also may argue that your sick days compensate your loss of income or that your health insurance covers your medical expenses, so you shouldn't include these in your claim.
Some adjusters may trick you into signing a settlement form in exchange for an immediate payment, whereby you waive your rights to all future claims. Others might try the opposite tactic, delaying the claim process to such an extent that you end up accepting a lower settlement because you are in dire need of funds.
Bad faith insurance tactics take many forms and can be prosecuted in their own right, provided the claimant has enough written evidence to support his or her claim. Other examples are:
- Failing to conduct an adequate investigation before denying an insured individual's claim;
- Failing to advise an insured individual of his or her duty to submit certain forms;
- Relying on a policy provision previously ruled invalid;
- Failing to provide an explanation about the clauses or laws based on which a settlement is denied or reduced.
If you or someone you love has been the victim of a car, motorcycle, or truck accident, then you probably need all the help you can get to deal with grief, pain, suffering, medical issues, and loss of income. An experienced New Jersey traffic accident lawyer, like one from Joseph M. Ghabour and Associates, has the hands-on approach, dedication, and skills that you need to defend your rights and handle your claim for the highest possible settlement. Contact us for a free consultation by calling (732) 967-9110, or send us an email to set up an appointment.