Attorney Chris Davis Discussing Insurance Company Settlement Tactics
Injury Accident Victims Try To Get A Fair Settlement Offers From GEICO
Were you in a motor vehicle accident? Did you suffer serious injuries and or miss work? Are you a GEICO automobile insurance policy holder? Is the person who caused the accident covered by GEICO? Or do you both have GEICO? Is the GEICO claims adjuster difficult to work with? Did the adjuster give you an unfairly low settlement offer? Or did they deny the claim?
If you answered “yes” to any of the questions above you may need a personal injury attorney to assist you with your claim.
If you are injured in an accident with a GEICO policyholder - or if you are a GEICO customer yourself - you may quickly realize that the insurance company's representatives are employing some of the confusing and frustrating tactics mentioned below. It is very important for accident victims to understand their legal rights after an accident and use that information to protect themselves during the negotiation process.
GEICO Insurance Claim Accident Lawyers
Davis Law Group, P.S. founder Chris Davis is one of the most respected and recognized civil litigation lawyers practicing in Washington State. Davis Law Group has been named Best Injury Law Firm in Washington State by AI Dispute Resolution Awards.
If you or a loved one has been seriously injured in a motor vehicle accident in Washington State contact attorney Chris Davis and the team at Davis Law Group at (206) 727-4000 to schedule your free legal consultation.
GEICO Injury Claim Setttlements & Verdicts
Below are just a few of Davis Law Group's successful settlements and verdicts against GEICO insurance.
- $1,777,888 Head-On Motor Vehicle Crash (Case No. 200713)
- $795,000 Motorcycle Hit By SUV (Case No. 200925)
- $500,000 Accident Caused By Driver Impaired By Drungs (Case No. 201034)
- $450,000 Pedestrian Hit While Walking In Parking Lot (Case No. 200710)
- $310,000 Passenger Injured in Motor Vehicle Accident (Case No. 200527)
- $250,000 Woman On Modped Hit By Unsafe Driver (Case No. 200866)
- $250,000 Hit When At-Fault Driver Made Unsafe Left Turn (Case No. 200732)
- $225,500 Accident Caused By Unsafe Lane Change (Case No. 200565)
- $200,000 Rear-Ended Accident In Stop-And-Go Traffic (Case No. 200908)
- $200,000 Accident Caused By Driver Failing To Yield (Case No. 200336)
- $185,000 Injured When Sideswiped By A Van (Case No. 201116)
- $161,000 Injured In Head-On Motor Vehicle Accident (Case No. 200459)
- $150,000 Teen Pedestrian Struck Hit In Car Accident In Renton (Case No. 200843)
- $140,000 Pedestrian Hit In Redmond Crosswalk (Case No. 200662)
- $114,000 Texting Driver Causes Motor Vehcile Accident (Case No. 201274)
- $100,000 Rear-Ended By Drunk Driver (Case No. 201145)
- $100,000 Pedestrian Hit By SUV On Sidewalk (Case No. 201093)
- $100,000 Motorcycle Accident Caused By Car Making Unsafe Turn (Case No. 201428)
- $100,000 Distracted Driver Causes Injury Accident (Case No. 200185)
- $100,000 Accident Caused By Vehicle That Lost A Tire (Case No. 201140)
- $84,000 Teen Driver Causes Rear-End Collision (Case No. 200163)
- $70,000 Confidential Case Details (Case No. 200253)
- $68,000 Passenger In Car Hit By Drunk Driver Head-On (Case No. 200526)
- $50,000 T-Boned In Two-Car Accident (Case No. 200773)
- $50,000 Rear-Ended When Slowing For Yellow Light (Case No. 201197)
- $50,000 Rear-Ended By Distracted Driver (Case No. 200663)
- $50,000 Rear-Ended And Pushed Into Another Vehicle (Case No. 200301)
- $50,000 Pedestrian Hit By Car In Marked Crosswalk (Case No. 201335)
- $50,000 Passenger Injured In T-Bone Accident (Case No. 200774)
- $50,000 Motorcycle Rear-Ended On Street (Case No. 200619)
- $50,000 Injured In Ride-Share Vehicle (Case No. 200545)
- $50,000 Head-On Beacon Hill Motor Vehicle Crash (Case No. 200891)
- $50,000 Car Performs Unsafe Exit From Gas Station Causing Accident (Case No. 200962)
- $50,000 Car Hit Head On By Vehicle Running Traffic List (Case No. 201294)
- $50,000 Bicycle Hit By Opening Car Door (Case No. 201134)
- $40,574 T-Boned By Driver That Ran Stop Sign (Case No. 201092)
- $38,700 Two-Vehicle Rear End Accident In Seattle (Case No. 200334)
- $30,000 Rear-Ended By Driver Crossing Multiple Lanes Of Traffic (Case No. 201137)
- $30,000 Pedestrian Struck By Passing Vehicle (Case No. 200080)
- $24,815 Passenger Injured In DUI Rear-End Accident (Case No. 201146)
- $23,000 Pedestrian Struck While Walking To School In Crosswalk (Case No. 200520)
If an insurance company is required to pay an accident settlement to a policyholder or an injury victim, they will likely hold onto the money as long as legally possible in a leveraged effort to increase their own profits through the interest they earn on their investments.
In addition to delaying payment, most insurance companies will try the following in order to make you accept a lower accident settlement:
- Include charges with no explanation that require a lot of research and bureacracy to explain.
- Present clients with a very small initial settlement offer, as many policy holders do not realize they do not have to accept the insurance company’s first offer.
- Stretch out negotiations for as long as possible in an effort to frustrate claimants.
Naturally, insurance companies are likely to fight harder when there is a significant amount of money at stake in a personal injury claim. Insurance adjusters understand that most accident victims have a limited understanding of the legal process and their own individual rights after an accident, and will use that to their advantage during the negotiation process.
Injury Insurance Lawsuits Against GEICO
You may be considering legal action against GEICO if you were injured in an accident and have an insurance policy from the company, or if you have been injured in an accident with a driver who is insured by the company. The insurance industry's business model is reliant on collecting cash from customers through premiums and deductibles and denying customers payment.
If you or a loved one has been injured in an accident and they or the at-fault driver is a GEICO policyholder, it is important to understand typical settlement tactics that these companies often use to devalue injury victims' claims. Insurance companies are in business for profit, and one of the ways these corporations remain profitable is by minimizing the amount of money they pay out for valid personal injury claims.
Insurance companies, such as GEICO Insurance, are notorious for stalling the release of settlement funds until the last possible second. It's a questionable practice used by a majority of insurance companies today because it keeps money in their pocket. Major insurance companies usually have access to tens of billions of dollars and, as is the case with banks, this money isn't liquid. It's invested to increase its profits.
Company Profile: GEICO Insurance Company
The Government Employees Insurance Company (better known as "GEICO") is an American auto insurance company. GEICO is a "wholly-owned subsidiary" of Berkshire Hathaway that as of 2007 provided coverage for more than 13 million motor vehicles owned by more than 12 million policy holders. GEICO offers private passenger automobile insurance in the District of Columbia and all 50 U.S. states.
GEICO generally deals directly with consumers via the telephone and the Internet, freeing up capital that would otherwise be spent on employing insurance agents in the field. The company is now the third largest direct writer of private auto insurance in the United States, and is perhaps best-known for its often humorous advertisements and various mascots.