Posted on behalf of Phillips Law Group on Jan 14, 2011 in Auto Accidents
More than 140,000 Arizona car accidents occur every year. Almost all of these accidents involve the filing of one or more insurance claims after the collision has occurred. While many people have been conditioned to assume that filing an insurance claim is a straightforward process and that their insurance company will provide them with the benefit of the doubt, that's often not what occurs. If you or someone you love has been in a Phoenix car accident and you're having problems with an insurance company, you need to seek the help of Phoenix insurance dispute lawyers as soon as possible. Below is a brief introduction to this issue.
Insurance companies are for-profit corporations, which means that their overall purpose is to generate not only revenue, but profit. Most insurance companies are also publicly traded, which means that the status of their company at any given time is largely defined by their stock value. Employees of these insurance companies are responsible for protecting and raising that stock value, and there is no single measure that affects a company's stock value than profit. Insurance companies show a profit when they collect more premiums on policies than claims they pay out. This is background information that everyone should remember.
Insurance companies often avoid paying claims or paying a fair amount on a claim by use of common tactics that include delays and other steps designed to avoid settling the issue. When an Arizona insurance dispute attorney is involved with these situations, insurance companies tend to avoid these tactics for obvious reasons. They tend to understand that the involvement of an attorney will lead immediately to the filing of a lawsuit if a solution cannot be reached and any attempts to avoid liability will be met by a professional who understands the law.
If you or someone you love has been having a difficult time settling a dispute with an insurance company, you need to seek the help of Phoenix car accident lawyer as soon as possible. Contact Phillips Law Group today to schedule a free initial consultation.
Phillips Law Group - Ph: 1-800-706-3000.
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