If you want fair compensation for your injury claim, you must not back down from the insurance company; you must fight with the insurance company until they make you a fair offer. Let me tell you the story of my past client, Kim, who we were able to settle her case for more than 80 times the amount of the initial offer made by the insurance company in her case.
Kim’s Story
Kim’s case involves a trip-and-fall incident at a restaurant, but what I’m about to teach you in this video applies to any type of personal injury case, including motor vehicle accidents, dog attack incidents, and any other type of personal injury claim. Kim was over 80 years old at the time of her fall and was an extremely nice lady. She had just finished eating with her husband and was leaving the restaurant when her fall occurred. She was near the exit when she tripped on a hump in the rug that she did not see. The rug had created a hump after it had rippled up, and she took a hard spill.
The primary injuries she sustained from the fall included fractures in her left cheek and nose. Kim incurred a little over fifteen thousand dollars in medical expenses for medical treatment related to her injuries sustained in the fall. After she finished treatment, the insurance company made a lowball offer to settle Kim’s case in the amount of eighteen hundred dollars. The restaurant’s insurance company argued that the restaurant had no liability for Kim’s fall.
Filing a Lawsuit
Our decision as to what to do next was easy. The insurance company was significantly lowballing Kim’s case, so we filed a lawsuit against the restaurant. The insurance company for the restaurant then had to retain a lawyer to defend the lawsuit on behalf of the restaurant. We were ready to litigate Kim’s case all the way to a trial if necessary.
Putting Pressure on the Insurance Company
Filing the lawsuit put pressure on the insurance company for multiple reasons:
- The insurance company had a duty to protect its insured restaurant so as to not expose its insured to a judgment in excess of the policy limits.
- The insurance company also had a duty to make good faith offers to Kim.
- Because we filed a lawsuit, the insurance company would now have to pay a defense lawyer to defend the lawsuit and also pay for any other expenses associated with litigation and defending the lawsuit.
Realizing all that, this particular insurance company came to its senses and reached out to us with a much more reasonable offer shortly after we filed the lawsuit for Kim. After receiving the more reasonable offer, we negotiated back and forth for about a week before finally reaching a settlement in the amount of one hundred and fifty thousand dollars. Kim was thrilled; we settled her case for over eighty times the amount the insurance company had offered before we filed the lawsuit.
Fighting Back Against Lowball Offers
Insurance companies routinely deny or make lowball offers to injury victims with the hope that the claim will go away or settle for much less than the claim is worth. This strategy can help save the insurance company boatloads of money. If you find yourself in this type of situation, do not let the insurance company get away with it. Fight back! File a lawsuit, litigate your case, and if necessary, take your case all the way to a jury trial.
Preparing for Trial
It’s been my experience that most of the time, after you file a lawsuit and litigate your case, the insurance company at some point will start to take you seriously and make you a fair and reasonable offer. But, here’s the thing: just because you’ve started to fight back by filing a lawsuit doesn’t mean the insurance company will automatically just roll over and pay you a fair amount for your injury claim. And that’s why you should watch this video about to pop up right here where I will teach you why you need to prepare to take your case the distance all the way to a trial if you want a chance at a fair payout for your injury claim.
Lastly, if you’ve been injured in a car accident, slip or trip and fall incident, or dog attack incident in Kentucky, remember: don’t wait, call Tate.
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