How Does An Insurance Adjuster Work?

Now, if you’ve been involved in some sort of accident, there is a high chance that you are going to have to deal with an insurance company. Regardless of the case, in the majority of situations the opposite party is likely to have some sort of insurance coverage that will kick in if you decide to sue. On the other hand, if you’ve sustained the injury without the involvement of another person, your own insurance is going to kick in.

With this in mind, it is highly beneficial for you to understand the way that the insurance adjusters work. This is a helpful insight which would enable you to take certain advantages when it’s possible. Let’s go ahead and take a look.

What’s The Motivation of the Insurance Adjuster?

Now, there are two things which are going to get the cash flowing for the insurance adjuster. The first one is to pay you as little as it’s possible and the second one is to avoid going to a lawsuit. Even though it may sound a bit troublesome, that’s the reality – insurance companies are in the business of making money and if they paid off every single claim in full they would have went out of business long time ago. There’s nothing personal – it’s just business. The more they manage to cut off your insurance compensation, the more profit they can report to the shareholders. It’s as simple as that.

On the other hand, they don’t want to go to trial. The reason is quite common – they don’t have the upper hand while at court. The jury and the judge are quite unpredictable which puts the insurance company at a risky position. Furthermore, if they lose the claim, they would have to pay the entire amount of the compensation, the court taxes, the accumulated interest as well as the fees for your lawyer – this could far exceed the amount of the compensation itself.

Damages Taken Into Account

There are a few different categories of damages that the adjuster is going to collect data for and calculate for your compensation:

·         Pain and suffering

·         Damages for emotional distress

·         Actual loss from lost income

·         Actual expenses for medical costs

These are the categories which you need to build upon. So, in order to force his hands, there are a few things you can do.

First, you need to decline low ball offers as they are widely inappropriate and disproportional. Second, you need to show that you aren’t afraid of the court. And third, which is just as important – provide him with the necessary assistance along the way in terms of documents, evidence and calculations. Additionally, everything can smoothen out when you hire the services of an injury lawyer in Kitchener to ensure that they put forth your rights and negotiate it better with the insurance adjuster. This will help you get maximum compensation instead of being intimidated by the insurance company.