William W. Hurst
Law Office of William W. Hurst, LLC
50 S. Meridian St., Suite 600, Indianapolis, IN 46204
Were you in a car accident that was not your fault? If the police report and insurance companies deemed the other driver at fault in your accident, you are entitled to compensation for your losses.
This process, however, isn’t always straightforward. What happens if the insurance company has issued a settlement offer and it’s significantly less than you owe on your car or your medical bills? What should you do next? How should you navigate the process, and how can you ensure you get rightful compensation?
If the other driver caused the accident, that driver is responsible for your damages. Such damages may include car repairs or replacement, medical treatments and rehabilitation costs, lost wages and lost earning capacity, and pain and suffering.
A car insurance policy may indemnify the other driver, in which case the payment of damages could come directly from the insurance company. If an insurance company is involved, an adjuster will determine whether your car is repairable or if the accident totaled it. In either case, the insurance company may set the repair cost it will pay for, or the total value of the car if it’s a write-off.
Insurance companies make profits by selling the maximum number of policies and paying the minimum amount for claims. Unfortunately, this means an insurance company may offer you significantly less for your car than you owe for it. If you accept a settlement offer in this circumstance, you will still need to pay off your car, including any shortfall.
An insurance company may offer you less than you owe because:
If you were in an accident caused by someone else, and you are struggling to get rightful compensation, don’t sign a settlement offer. Speak to a lawyer who has experience working with insurance companies, and learn what Indiana law may entitle you to.
The lawyers at the Law Offices of William W. Hurst specialize in helping accident victims protect their rights. If someone else caused your accident and the insurance company has not offered what you owe for your car, call the Law Offices of William W. Hurst at (317) 636-0808 or use our online form and contact us.
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