How has COVID-19 affected personal injury insurance claims?
Poisson, Poisson & Bower, PLLC will provide a multi-part assessment on how COVID-19 has affected personal injury insurance claims based on our observations as personal injury attorneys practicing in North and South Carolina.
COVID-19 has affected all aspects of life, and personal injury claims are no exception. The attorneys at Poisson, Poisson & Bower, PLLC represent clients throughout North and South Carolina from their Wadesboro and Wilmington, NC offices. In the past six months, our personal injury attorneys have noticed multiple ways in which insurance companies appear to have changed their handling of personal injury claims since COVID-19. The courts have also made changes due to COVID-19 that affect personal injury claims.
Lower Offers:
In the past six months, we have noticed a significant decrease in the amount insurance companies are offering to settle personal injury claims. It appears that the insurance industry is trying to take advantage of the financial straits caused by COVID-19 in hopes that victims of personal injury will settle cheaper.
There are millions across our great country that are in financial distress as a result of COVID-19. Insurance companies often lowball cases during economic downturn in the hope that the injured party will accept a lower amount to settle his or her case.
It appears that the insurance companies are taking advantage of the financial stress individuals are facing as a result of loss of income in the household. We saw similar behavior from insurance companies in 2008 with the economic downturn due to the housing market.
Contact Our Personal Injury Attorneys
Poisson, Poisson & Bower, PLLC has attorneys who have been handling personal injury cases for over 30 years. We have seen how insurance companies take advantage of financial downturns and know how to address this tactic. We are here to help you get fair and just compensation for your injuries.
Hiring an attorney usually will result in receiving more reasonable and increased offers as compared to injured persons that try and handle their claim without legal assistance. The attorneys at Poisson, Poisson & Bower, PLLC will offer you their professional advice as to the fairness of any offer. We will also advise you of what your options are if you do not want to accept the insurance company’s best offer.
Call Poisson, Poisson & Bower, PLLC today at 888-694-5515 for help with your case, or email Davis Poisson at davis@Poissonlaw.com; Stewart Poisson at esp@Poissonlaw.com; or Fred Poisson, Jr. at Fdp@Poissonlaw.com.
