Is Accident Insurance Worth It?

Accident insurance can be a valuable investment, especially if you're prone to activities that increase the risk of physical injury. In some cases, such as when driving a vehicle, this insurance is a legal requirement.

It acts as a financial buffer, covering costs that your regular health insurance might not. 

Since there are different types of accident insurance policies, whether or not it is worth it will depend on your unique circumstances. That said, if you filed a claim and was denied by the insurance company or you are not sure if you are eligible for compensation in the first place, please contact us for a free case review. We might be able to help you understand your rights.

What Are Common Reasons for Accident Insurance Denial?

Insurance companies may deny your claim due to many different reasons. Sometimes, these reasons are justified. Other times, it’s usually because the insurance company is acting out of bad faith. Some common reasons for insurance claim denial after an accident include:

• discrepancies in the policyholder's account of the accident;
• lack of evidence supporting the claim;
• non-disclosure of pre-existing conditions; and 
• filing a claim for an event not covered under the policy. 

Sometimes, simple administrative errors like incomplete forms or missed deadlines can also lead to denial. If you believe that the insurance company’s reason for denying the claim is unjustified, contact us for a free case review by our insurance experts.

How Can I Increase My Chances of Obtaining Compensation?

To increase your chances of obtaining compensation, you should thoroughly document the accident and your injuries. Keeping detailed records, including medical reports, photographs of the accident scene, and witness statements, can help add more weight to your case. Additionally, seeking legal advice can determine whether you have a valid claim in the first place, and where to file it.

Can an Insurance Company Refuse to Compensate Me for No Reason?

Insurance carriers cannot legally refuse to compensate you without a valid reason. That’s because they are obligated to adhere to the terms of the policy agreement. If you believe your claim has been unjustly denied or ignored, you may have grounds to challenge the decision and recover more than what the claim covers.

What Are Some Signs the Insurance Company Is Acting Out of Bad Faith?

You’ll know your insurance company is acting out of bad faith if you notice any of the following signs:

• unexplained delays in processing your claim;
• refusal to pay a claim without a reasonable basis;
• not conducting a proper investigation;
• not communicating clearly or regularly;
• offering a settlement significantly lower than what's fair without justification; or
• misinterpreting policy language to deny a claim.

Note that insurance companies know that we are aware of these tactics, so they may decide to try to act like they genuinely want to settle your claim. For example, they may try to persuade you to provide a recorded statement or urge you to settle quickly so you can begin getting the treatment you need.

These soft tactics are meant to waive your right to file an additional claim when you finally discover that you were entitled to more than they offered. That’s why we always recommend having your case reviewed by an insurance expert before interacting with the insurance company. 

Can I Sue an Accident Insurance Company?

Yes, you can sue an accident insurance company if they act in bad faith or breach the terms of your insurance contract. This might involve unjust claim denial, failure to investigate properly, or not paying the agreed amount.

Contact Accident Insurance Experts From Morgan and Morgan

Insurance companies are bullies. You won’t realize that until when they start playing games with your claim, frustrating every process. If that’s what you’re dealing with, you need a powerful legal team on your side to fight for you. In other words, you need insurance lawyers from Morgan and Morgan.

Contact us today for a free, no-obligation case review.