What Makes An Insurance Company Pay A Claim?

Going through the aftermath of an accident can often lead you into a complex dance with insurance companies. At Morain & Buckelew, LLC, located in Atlanta, Georgia, we understand that dealing with insurance claims can sometimes feel like trying to solve a puzzle without all the pieces. It’s common to wonder what prompts an insurance company to settle a claim fairly. In our experience, it can be a challenging path. Let’s peel back the curtain to reveal what truly influences an insurance company’s decision to pay a claim and how being prepared for trial can dramatically change the outcome of your case.

Understanding the Reluctance of Insurance Companies

Firstly, it’s vital to grasp why insurance companies often seem hesitant to settle claims quickly and fairly. An insurance company’s goal is to minimize losses and maximize profits. This underlying motive can lead to less than fair-settlements, leaving claimants feeling frustrated and undervalued.

  • Profit Motivation: Insurance companies are businesses first and foremost, and they aim to reduce the amount they pay in claims.
  • Initial Offers: It’s not uncommon for initial settlement offers to be significantly lower than the claim’s worth, a tactic that tests the claimant’s resolve and understanding of their claim’s value.

The Path to Fair Compensation

Our firm has developed strategies to counter these tactics and ensure our clients receive fair compensation. The key lies in showing insurance companies that we are prepared to take a case to trial if necessary.

  • Trial Preparation: By preparing each case as if it will go to trial, we communicate that we are serious about obtaining just compensation for our clients.
  • Mediation and Negotiation: Demonstrating readiness for trial can often lead to more productive mediation sessions and negotiations, as it pressures insurance companies to offer a fair settlement to avoid the unpredictability and expense of a trial.

A Real-Life Example from Georgia

Let’s look at a recent success story from our Atlanta, Georgia, practice to illustrate how trial readiness can influence an insurance company’s decision-making process. We represented a client who was battling for fair compensation. After initial lowball offers and the insurance company’s reluctance to engage in meaningful negotiations, we ramped up our preparations for trial.

  • The Turning Point: Our firm filed all necessary documents and demonstrated unwavering readiness to proceed to court. This show of determination was pivotal.
  • The Result: Facing the prospect of a trial, the insurance company reconsidered its position and offered a settlement 18 times its initial offer, matching our demand.

Why Being Trial-Ready Matters

This example underscores the importance of being trial-ready:

  • Shows Commitment: It shows the insurance company that you are committed to obtaining fair compensation and are not afraid to go to court.
  • Increases Leverage: Being ready for trial increases your negotiation leverage, often leading to better settlement offers.

Preparing for Your Personal Injury Claim in Atlanta, Georgia

While dealing with insurance companies can be challenging, there are steps you can take to improve your chances of a favorable outcome:

  • Document Everything: Keep detailed records of all communications, medical treatments, and expenses related to your injury.
  • Seek Legal Representation Early: An experienced personal injury lawyer can provide invaluable guidance from the outset, helping to go through the complexities of insurance claims.

We Are Here to Help!

At Morain & Buckelew, LLC, we fight for what’s fair. Our approach to dealing with insurance companies involves thorough preparation, strategic negotiation, and the readiness to go to trial when necessary. This methodology has consistently led to successful outcomes for our clients, ensuring they receive the compensation they deserve.

If you’re facing the daunting task of dealing with insurance companies after an injury, remember you don’t have to do it alone. Our firm is committed to providing the support and experience you need to go through these challenges effectively. Contact us today at (404) 448-3146 or online for a consultation. Let us help you secure the compensation you rightfully deserve.