Impact of COVID-19 on Personal Injury Cases – 3rd in a Series

Impact of COVID 19 on Personal Injury Cases in 2020 Part 3

Insurance companies are trying to reach a settlement as soon as possible

The financial crisis is also hitting insurance companies, and hard. We certainly do not intend a “poor me” session about the plight of insurance companies, but this insight helps in negotiations. Imagine how much money insurance companies pay out to insured companies that suffered damage during the pandemic.  And of course, nearly all stocks have either lost significantly in value, or have fluctuated like a Yo-yo in the hands of a master.

All this has brought many Personal Injury insurance companies to the brink of bankruptcy.

For this reason, they want to come to an agreement with you as soon as possible, in order to save money. They hope that you will jump on the first offer, and that it will pay you significantly less than it is realistic during different times. They also want to shorten the process as much as possible and avoid court at any cost. Don’t be naive and don’t fall for such attempts.

Shapiro | Delgado Personal Injury Attorneys
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