Secrets of Accident Claims Against GEICO REVEALED!
David Muñoz | November 12, 2021 | Car Accidents
GEICO is the nation’s second-largest insurance provider for car coverage, insuring over 28 million vehicles in the United States. It has two local offices in San Diego alone.
GEICO is a popular choice for car insurance because it has a reputation for being inexpensive (and because they feature a talking gecko in their advertisements).
GEICO is short for “Government Employees Insurance Company,” and it has been in business since 1936. For an insurance company to be in business that long, it has to be making profits.
Unfortunately, those profits often come through tactics designed to save money on legitimate car accident claims. Here are the secrets of accidents claims against GEICO.
Secret #1: It Doesn’t Want to Pay Your Claim
An insurance company cannot get as big as GEICO or stay around for so long without turning profits. Insurance companies are designed to earn money for their owners and shareholders, so the last thing they want to do is pay large sums of money out to policyholders.
In the end, you are a number on the company’s bottom line. It doesn’t matter how long you’ve been a customer or how many years you’ve gone without having an accident. If you need to file a claim, an insurance company’s number one goal is to limit your pay out — or pay nothing at all.
How does it this? It may claim that you were driving for a rideshare company without the proper coverage or that the damages you’ve submitted are not warranted.
Secret #2: It Will Try to Rush You Through a Decision
One dirty trick used by many insurance adjusters is to try to rush victims through the settlement process. The first thing they do is put paperwork in front of you and ask you to sign it. They don’t expect you to read or understand it. More often than not, you’ll be signing away your rights.
When insurers offer an initial payout, it is likely much lower than it should be.
Secret #3: It Will Try to Trick You into Saying Something Harmful to Your Claim
GEICO insurance adjusters often call victims on the phone and tell them they have to offer a recorded statement. Sometimes, they claim it’s required by law, but in reality, recorded statements are not legally required.
When insurers use this tactic, the goal is to trick you into saying something that could be taken out of context or used to deny or reduce your claim.
Your best course of action is to refuse to speak to an insurance adjuster on the phone. Even if they don’t mention recording the conversation, they may be recording without your knowledge.
Secret #4: It Doesn’t Care What Your Medical Costs Are
If you try to work with GEICO directly and send them proof of the medical bills you’ve incurred from an accident, it may simply ignore those bills. You may be billed $5,000 for treatment related to an airbag injury, but GEICO may only offer $750 in compensation.
GEICO has its own group of medical experts that define acceptable medical costs. The people in that group routinely list extremely low prices for all kinds of procedures.
If GEICO chooses to offer a settlement for your medical expenses, it will often base its offer on the recommendation of advisors and disregard your actual medical bills.
Secret #5: It Doesn’t Want You to Hire a Lawyer
Personal injury attorneys know these GEICO tricks. When you work with a personal injury attorney, they will deal with the insurance adjusters on your behalf. You won’t have to worry about having your words used against you. They’ll also work hard to make sure that you get adequate compensation for all related bills and residual issues.