Insurance Company’s Lowball Offer | KBG Injury Law

Claims paid out by insurance companies are supposed to match what a jury would pay out in a similar case. Though both sides rarely agree on what that offer should be, occasionally, an insurance company will put out a lowball claim well below what you should be paid in an insurance settlement. Is it illegal for them to do so? In some cases, yes.

Sometimes, a lowball offer is not actually lowballing. Your insurance policy may include parameters that make it impossible to receive the amount of compensation equal to your medical bills simply because of the way the policy is written. In this case, the insurance company may offer the maximum it can under the policy, yet that still will not cover your medical bills. In this case, you would have to pursue your money from other sources, such as the liable party in the accident.

If your insurer acts in bad faith with your offer, they may be acting illegally. Get in touch with KBG Injury Law for a free consultation on your case.

TIMESTAMPS
[0:11] How are claims valued?
[0:42] What is lowballing?
[1:05] An example of what is and is not considered lowballing.

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