The insurance investigation process can be a long and challenging process for both the insured and the insurer. In this blog post, we will explore some of the pros and cons of an insurance investigation, so you have a better understanding of what to expect when going through one. Houston, TX can be seen here.
It is possible to end up with a bad result that costs you more money in the long run. The other party may not pay for any damages at all, or they will offer what appears to be “low ball” numbers to quickly settle and avoid further legal fees on your part or theirs. This would mean there are still exemplary damages following an accident, even if you have already compensated them for property damage. It also means continued stress around collecting payment from someone who has just cost you hundreds of dollars worth of out-of-pocket expenses due to their negligence causing injury/damage/losses etc… which could take months depending on how hard-pressed they are willing. To fight this battle! Also, the other party could countersue you for damages and legal fees. On the other hand, if you can successfully win an insurance investigation, it will provide some peace of mind knowing that any future accidents are less likely to cause financial hardship. Click here to read about A Guide to Investigation in the Insurance Industry.