I Like Insurance Companies – The TV Ads Are Funny – Should I Really Make A Claim Against Them?

Insurance companies spend huge amounts of money on advertising. They sponsor popular television shows where they have very likable and funny characters as their spokespeople – geckos that sing and dance and tell funny jokes and wise-cracking Flo immediately come to mind. However, when you make a claim, they are no longer “like a good neighbor” and you really are not in “good hands”.

Insurance companies are a business and the way they make money is by keeping the money and not paying it to claimants. To the extent that they can do this, their business will be more profitable. It is logical for a business to do this.

However, there is really more involved for claimants who are victims of someone else’s negligence should be treated better because they did nothing wrong and that is what insurance is supposed to be for. Insurance companies should also protect their negligent insured from being sued by properly paying claims – they should minimize a person’s misery from an accident if it was caused by people they insure. This rarely factors into an insurance companies’ evaluation of a bodily injury claim and would seem naive if someone in the insurance adjusting business actually made this point to another insurance company person. It is all a matter of dollars and cents and is answered by the question “how much do I have to spend on this case?” If an insurance company sees that it is in their financial interest to settle a case then they will settle it. If there are other factors involved (like will the claimant’s lawyer actually sue us based on past experience) make their decision based on that – not whether it is morally correct to do the right things and will sometimes they can delay a settlement or not settle it at all, to try to force the hand of the claimants and their attorneys.

If you believe you have an accident claim contact us for a free evaluation – if we take your case, we don’t get unless we get money for you! 

©Winburn Law Offices