How We Fight Lowball Insurance Company Offers
After an accident or injury, the last thing you want is to be taken advantage of by your insurance company. Unfortunately, it happens all too often. Insurance adjusters may present a “lowball offer” — a settlement amount that is far less than what your claim is actually worth. This initial offer is often a tactic to see if you will accept less money, saving the company from paying fair compensation.
At EC Law Counsel, we know how many different types of insurance companies operate because we’ve worked inside the industry. We understand the strategies they use and, more importantly, how to fight back.
Why Do Insurance Companies Make Lowball Offers?
Insurance companies are for-profit businesses. Their primary goal is to protect their bottom line, which means paying out as little as possible on claims. They often issue lowball offers for a few key reasons:
- Testing the claimant: They want to see if you know the true value of your claim or if you’re desperate enough to accept a quick, small payout.
- Capitalizing on a lack of knowledge: Many people don’t understand the full extent of damages they can claim, including future medical costs, lost wages, and pain and suffering.
- Hoping you won’t hire an attorney: An unrepresented claimant is much easier to deal with. The company knows that without legal guidance, you are at a significant disadvantage.
Accepting a lowball offer means you could be left with thousands of dollars in unpaid bills after your settlement runs out. It also requires you to sign a release, which legally prevents you from seeking any more money for that claim, even if your injuries worsen.
How Our Attorneys Combat Lowball Insurance Payouts
When you hire an attorney from EC Law Counsel, you level the playing field. We can immediately take over all communication with the insurance company and implement a proven strategy to secure the compensation you deserve.
1. We Calculate the True Value of Your Claim
Before we even speak with the insurer, we conduct a thorough investigation to determine the full value of your claim. We don’t just look at your immediate medical bills. We calculate all potential damages, including:
- Current and future medical expenses
- Lost wages and diminished earning capacity
- Property damage
- Pain and suffering
- Emotional distress
By understanding every aspect of your claim, we build a strong foundation for our negotiations.
2. We Gather and Present Compelling Evidence
A strong claim is an evidence-based claim. Our team collects all necessary documentation to support your case for fair compensation. This includes:
- Medical records and medical opinions from doctors
- Accident reports and police statements
- Property damage estimates
- Witness testimony
- Pay stubs and employment records to prove lost income
We package this evidence into a formal demand letter that clearly outlines why the insurance company’s initial offer is unacceptable and justifies our higher counteroffer.
3. We Negotiate from a Position of Strength
Our attorneys are skilled negotiators. Armed with evidence and a precise calculation of your claim’s value, we counter the insurer’s lowball offer. We systematically dismantle any arguments they use to devalue your claim, such as trying to place partial blame on you. Our experience as former insurance adjusters gives us unique insight into their tactics, allowing us to anticipate their moves and counter them effectively.
4. We Are Prepared to Litigate
If negotiations stall and the insurance company refuses to offer a fair settlement, we do not hesitate to file a lawsuit. The threat of a trial often brings insurers back to the negotiating table with a much more reasonable offer. They know that if they lose, litigation will cost significantly more than the payout you deserve.
Our willingness to take your case to court shows that we are serious about getting you the win you deserve. We can also explore alternatives like mediation or arbitration if it serves your best interests.
Let Our Insider Experience Work for You
At EC Law Counsel, our entire practice is dedicated to helping people in Florida get the insurance payouts they are entitled to. Our team has unique experience as former insurance adjusters, claims administrators, and underwriters. We know the industry’s playbook, which gives our clients a distinct advantage.
Don’t let an insurance company dictate your financial recovery. If you’ve received a lowball offer, contact us today for a free, no-obligation consultation. Let us show you how we can fight for the full and fair compensation you need to move forward.
