Top 5 Ways Insurance Companies Cheat You
Lifting a bike that went down. Fortunately, no one was hurt in this slow-speed get-off.
I was reading the Spokesman, ABATE of Colorado’s bimonthly newsletter the other day and they had this piece provided to them by Scott O’Sullivan, who is involved with Rider Justice and the O’Sullivan Law Firm. I thought it was pretty good and worth passing along, so here it is. It’s a tiny bit self-serving in that it is a promotion for the O’Sullivan Law Firm and Rider Justice, but hey, no big deal. I’m not endorsing them; I don’t know anything about them. I just thought it was good information.
Top 5 Ways Insurance Companies Cheat You
When you’re injured in a motorcycle crash, it’s stressful enough dealing with the mounting medical bills and the long healing process. Even worse, all the red tape and hoops you have to jump through when dealing with insurance claims just adds insult to injury. But it’s important to make sure you receive all the money you’re entitled to. After years of responsibly paying your insurance premiums, you deserve to recoup every dollar from your coverage! However, I’m sorry to say that insurance companies are not on your side. Here are the Top 5 Ways Insurance Companies Cheat You.
After a Crash Asking for a Recorded Statement
Most everyone is familiar with the Miranda Warning that says, “Anything you say can be used against you in a court of law.†This is also true for recorded statements that an insurance company may request from you. Insurance adjusters will twist your words to make you look bad, thus making you ineligible for your claim. If an insurance company representative is asking you to make a recorded statement, hang up and call a motorcycle accident attorney immediately.
Pushing for a Quick Settlement
Dealing with insurance companies and legal battles can be an extremely stressful experience. But no matter how badly you want to wash your hands of the entire thing and just get it over with, you should never fall into the trap of accepting a quick settlement from your insurance company. Insurance companies use this tactic because it saves them a lot of time and money, and it almost always guarantees that motorcycle accident victims accept a much smaller amount before fully understanding how much their claim is really worth.
Asking for a Signed Medical Release
If you’re in a motorcycle accident, an insurance adjuster may try to convince you that you absolutely have to sign medical release forms, giving them access to all of your medical records, both past and present. Why is this bad? I have seen insurance companies go far back into a victim’s health history and deny payment based on previous experiences that have nothing to do with the accident and the victim’s current condition.
Causing Confusion
When it comes to the average individual, insurance contracts are confusing. Insurance companies often rely on a victim’s confusion (and the many other issues they may be facing, such as medical concerns) to push inadequate settlements or even to get victims to sign away their own rights! When filing a claim, sign NOTHING until you hire an attorney to go over the documents so you know your rights.
Refusing to Renew
Although you shouldn’t rush the process and settle right away, be sure not to waste too much time filing a claim if you decide that’s the route you want to take, especially if you’ve already contacted your insurance company with an inquiry. Many insurance companies will drop your coverage and refuse to renew a policy if they get a whiff that you may be considering a claim.
Do you have specific questions about Colorado state laws when it comes to dealing with insurance companies after a motorcycle accident? Call or text us at (303) 388-5304.
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