Beware of “Take It or Leave It” Offers for Texas Property Damage Claims
Call the Attorney at (888) 860-8554 
Free Consultation
Insurance companies hire insurance claims adjusters to evaluate property damage claims to determine the liability of the insurance company. Although the insurance adjuster’s job is to be thorough – completing an investigation on the claim by reviewing reports, examining damage and talking to eye witnesses of the incident – many insurance adjusters just try to settle the claim quickly.
Insurance companies hire insurance claims adjusters to evaluate property damage claims to determine the liability of the insurance company. Although the insurance adjuster’s job is to be thorough – completing an investigation on the claim by reviewing reports, examining damage and talking to eye witnesses of the incident – many insurance adjusters just try to settle the claim quickly.
Because insurance adjusters work for the insurance company, their goal is to save the company money. This means that the adjuster will attempt to offer the insurer the lowest settlement possible under the policy.
One way insurance adjusters do this is by using aggressive bad faith tactics such as “take it or leave it” offers to scare people into settling fast. The goal is to make insurers believe that if they don’t take the settlement, they will lose any chance of getting another dime out of the insurance company.
Beware of Take It or Leave It Offers
These types of offers may sound like large offers at first, but when you factor in all of the damage costs, it usually is only the bare minimum they offer you. If an insurance adjuster offers you a figure and then says it is a take it or leave it final offer, you should leave it and talk with a skilled insurance litigation lawyer.
Most people don’t challenge insurance companies, and insurance companies know that. However, if you engage a Texas insurance claim attorney, you will most likely get a fair settlement. Insurance companies know that attorneys skilled in insurance litigation know their tactics, so they take the claim more seriously. Typically, insurance adjusters won’t use the take it or leave it strategy or other bad faith practices on knowledgeable insurance lawyers, because they know the lawyers are aware of these tactics.
So, you might ask, what is bad faith? Here are a few examples of other insurance bad faith practices insurance companies have used:
When an insurance company interprets your homeowners’ insurance policy in their favor. Every insurance company knows that when there could be multiple interpretations of the policy, the interpretations should be to the favor of the insured.
When an insurance company attempts to settle your property damage claim for less than what your policy says you are owed.
When an insurance company doesn’t conduct a full investigation before denying a legitimate residential insurance claim.
When an insurance company uses speculative information to deny a homeowner’s insurance claim.
ABOUT THE AUTHOR: Bill Voss
Bill Voss and the attorneys at The Voss Law Firm, P.C. have expertise in areas of commercial and business litigation, business law, insurance litigation, wrongful death litigation, offshore injuries, catastrophic personal injury litigation, employment litigation, oil and gas law, rare coin fraud and first party insurance claims.
Copyright The Voss Law Firm, PC
More information about The Voss Law Firm, PC
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
Because insurance adjusters work for the insurance company, their goal is to save the company money. This means that the adjuster will attempt to offer the insurer the lowest settlement possible under the policy.
One way insurance adjusters do this is by using aggressive bad faith tactics such as “take it or leave it” offers to scare people into settling fast. The goal is to make insurers believe that if they don’t take the settlement, they will lose any chance of getting another dime out of the insurance company.
Beware of Take It or Leave It Offers
These types of offers may sound like large offers at first, but when you factor in all of the damage costs, it usually is only the bare minimum they offer you. If an insurance adjuster offers you a figure and then says it is a take it or leave it final offer, you should leave it and talk with a skilled insurance litigation lawyer.
Most people don’t challenge insurance companies, and insurance companies know that. However, if you engage a Texas insurance claim attorney, you will most likely get a fair settlement. Insurance companies know that attorneys skilled in insurance litigation know their tactics, so they take the claim more seriously. Typically, insurance adjusters won’t use the take it or leave it strategy or other bad faith practices on knowledgeable insurance lawyers, because they know the lawyers are aware of these tactics.
So, you might ask, what is bad faith? Here are a few examples of other insurance bad faith practices insurance companies have used:
When an insurance company interprets your homeowners’ insurance policy in their favor. Every insurance company knows that when there could be multiple interpretations of the policy, the interpretations should be to the favor of the insured.
When an insurance company attempts to settle your property damage claim for less than what your policy says you are owed.
When an insurance company doesn’t conduct a full investigation before denying a legitimate residential insurance claim.
When an insurance company uses speculative information to deny a homeowner’s insurance claim.
ABOUT THE AUTHOR: Bill Voss
Bill Voss and the attorneys at The Voss Law Firm, P.C. have expertise in areas of commercial and business litigation, business law, insurance litigation, wrongful death litigation, offshore injuries, catastrophic personal injury litigation, employment litigation, oil and gas law, rare coin fraud and first party insurance claims.
Copyright The Voss Law Firm, PC
More information about The Voss Law Firm, PC
View all articles published by The Voss Law Firm, PC
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
