The Insurance Industry is making money by delaying and denying legitimate insurance claims. Some insurance adjusters will do whatever they can to take advantage of injured people, the family of a person that was killed, or people that have lost their home, possessions, or business. They often make low ball offers when they know claimants are hurting for money and gather evidence to find ways not to pay claims. The result of these tactics is that the insurance companies get to keep more of their money and injured or damages individuals do not get the compensation that is do them.
If you have an insurance claim regarding a serious injury or property damage and have questions about the potential claim, feel free to submit an inquiry for a Free Online Insurance Claim Evaluation or send an e-mail to Texas Insurance Claim Lawyer Jason Coomer at TexasInsuranceLawyer@texaslawyers.com.
The Insurance Industry Reaps Huge Profits at the Expense of Claimants
The Insurance Industry including Allstate, State Farm, Farmers, USAA, and Progressive have made billions of dollars over the past several years. These record profits have occurred despite many Americans suffering huge losses from major hurricanes and other disasters. A main reason for this profitability in the insurance industry is the aggressive procedures Allstate and many insurance companies have installed to deny and delay paying claims. This tactic of denying and delaying payment of claims has helped the insurance industry to obtain over $44 billion in profits in 2005 and what looks to be almost $60 billion in profits in 2006. It also has taken money from Texas families and businesses that have suffered the loss of a loved one, serious injuries, loss of home & possessions, or covered business losses.
Despite huge profits the insurance industry continues to find ways to not pay legitimate claims. CNN recently did a news story on All State and Farmers Insurance strategy of Denying, Delaying, and Defending all small claims regardless of the validity of the claim. In Defending all insurance claims, they spend millions of dollars defending small claims in a hope that most injured claimants or damaged claimants will give up or accept a settlement of pennies on the dollar. As most injured people do not want to fight a large insurance company or have the resources to survive when they can't work or have lost their home or business, many people with legitimate insurance claims accept low settlements.
Texas Insurance Lawyer Jason Coomer reviews insurance claims and fights for people that have legitimate insurance claims that have been wrongfully denied by insurance adjusters. Many times having an attorney that is familiar with the dirty tricks insurance adjusters use in denying or delaying payment of legitimate claims, can force an insurance to pay reasonable compensation on a claim.
Personal Injury Insurance Claims
Personal Injury Insurance claims are some of the most complicated insurance claims and can be difficult for a lay person to obtain a reasonable settlement. This is because there are several different types of insurance, damages can be hard to calculate, it can be difficult to prove liability, and adjusters are familiar with legitimate defenses as well as some not so legitimate reason not to pay. Some of the main types of insurance coverage triggered in personal injury claims include automobile liability insurance, personal injury protection, medical pay, underinsured motorist coverage, uninsured motorist coverage, commercial liability insurance coverage, and homeowner's liability insurance coverage. For the lay person it is difficult to determine which insurance is triggered when and what limits apply. Lay people also often have trouble calculating what damages apply to which policy, if subrogation interests apply, and how to prove liability. For this reason it is often beneficial for injured claimants to hire an insurance lawyer that is familiar with personal injury insurance claims to help them investigate and negotiate their claim.
Homeowner's Insurance Claims
Homeowner's Insurance first party claims can also be complicated insurance claims in that most people do not read their homeowner's policy until something bad happens. Once they do read the policy, they quickly see that the policy has complicated insurance language including an adjuster favorite "exclusion". Determining what these policies actually cover can be extremely tricky. When interpreting these insurance contracts it is important to know that there is a big difference in an insurance agent who sells you the policy and the insurance adjuster who determines if and when your claim gets paid. Be careful what you say to your adjuster and make sure that you have a copy of your policy. Insurance adjusters don't always give out policies and usually do not tell you when they see a legitimate claim. The claimant typically has to read the policy and prove the claim themselves. It is often helpful to hire an attorney familiar with homeowner's insurance claims to assist with an insurance claim including fire damage, water damage, burglary, theft, flooding, or storm damage.
General Commercial Insurance Claims and Covered Loss of Business Claims
Whether you are a business or injured by or at a business commercial insurance claims can be difficult and complicated insurance claims. These claims are typically fought hard because the policy limits are typically a million dollars or more. These commercial policies can be extremely complicated and can include loss of business coverage, inventory coverage, and personal injury coverage.
As a business owner there is nothing worse than having an employee negligently cause a death or serious injury or having your entire inventory destroyed and then learn that your insurance company is denying coverage and refusing to provide a legal defense on the claim. These situations have become more common over recent years as insurance companies have found that it is often easier to deny coverage on policies that they write or send a reservation of rights letter to their insured, than to pay or fight a legitimate claim for hundreds of thousands of dollars.
As a person injured by a business, you are typically not only attempting to seek compensation from the business, but have to fight an insurance company whose main goal is to delay and deny claims to avoid having to pay money or compensation to claimants. The policies are rarely produced unless a suit has been filed and it is even more rare for the policy limits on these claims to be paid unless a law suit has been filed.
Insurance Companies Pay Millions for Insurance Adjusters & Lawyers
The Insurance Companies spend millions of dollars to avoid paying reasonable compensation on legitimate claims. They have insurance adjusters and lawyers to protect their money and profits. Many of these insurance adjusters and some insurance lawyers will look for any excuse or reason to avoid paying fair compensation to those seriously injured or the families of persons killed in an accident. The insurance companies often prefer to pay as little as possible on legitimate accident claims when they can get away with it. If you don’t have a lawyer and have been offered compensation on a current claim, it is possible that you are eligible for cash damages many times what is being offered. Hiring an attorney especially in catastrophic damage cases can greatly increase the amount that you recover in your claim for damages.
Austin Texas Insurance Lawyer Jason Coomer has years of litigation experience and the necessary knowledge to make sure that insurance companies pay reasonable compensation on legitimate claims. Making insurance companies fully compensate claimant under Texas law is important and requires special know how, experience, hard work, and determination. Austin Texas Insurance Lawyer Jason Coomer has helped the families of those killed and seriously injured obtain compensation for their losses. He prides himself on successfully battling large insurance companies and big businesses to make sure they pay fair and reasonable compensation for damages caused by drunk, reckless, careless, or negligent drivers and on other insurance claims including fire claims, black sewage waters, water damage claims, and loss of business claims. He handles insurance claims in Texas and often works with other Texas Insurance Claim Lawyers in Austin, San Antonio, Dallas, and Houston.
Please feel free to contact Texas Insurance Lawyer Jason S. Coomer for additional information on an insurance claim including vehicle collision claims, accidental death claims, fire claims, water damage claims, black water sewage claims, loss of business claims, truck accident claims, and other insurance claims. Don't think that if you have suffered serious injuries, lost a loved one, have significant business damages, or have lost your home & possessions that the insurance industry or an insurance adjuster will take care of you or voluntarily pay you for all the damages that you have suffered including medical bills, lost wages, pain & suffering, impairment, disfigurement, and other damages that you have suffered. They probably won't. In fact, many insurance adjusters will offer low settlement amounts hoping that you will sign away your claim prior to knowing the full extent of your damages. Some insurance adjusters will even delay and allow the statute of limitations to run in an attempt to relieve the insurance company of any liability. It is often a good idea to seek the services of a good Texas insurance claim lawyer to assist you in seeking fair compensation for your claims.