In A Personal Injury Claim, What Is The Insurance Company’s Game Plan?

Bail Bond Cowboys wants the public to have answers to the myriad of questions that surround the civil legal system and your legal rights. We bring those answers to you in the form of video interviews by Attorneys.Media of legal experts in your area and across the country.

Ray Hrdlicka – Host – Attorneys.Media

“Most people think it is just like a regular business but isn’t. Their objective, of course, from a layman point of view, their objective is to obviously not pay out a lot of money, but also not put themselves in a position where, in the long term, it’s going to be detrimental to their operations.”

Andrew Dósa – Personal Injury Attorney – Alameda County, CA

“Right. Think about this though. If you walk down the streets of any major metropolitan community in America, because there is so much money in the industry. They have money all over the place. They make money on their premiums. They have profits written into the premiums. They have profits written into the investments that they make. They have profits written into the income they generate when there’s a claim. When you make a claim against an insurance company, they will set up what’s called a reserve. They will put an amount of money they think will be the likely result they may have to pay out at the end into an interest-bearing account. So, while you are litigating for a year or two, the insurance company is making interest income from the money it will eventually pay you.”