How Does GEICO Insurance Handle Injury Claims? | Colorado Springs Injury Lawyers
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GEICO is the second largest auto insurance provider in the country. With its catchy commercials featuring talking geckos and cavemen, GEICO can seem easy to deal with. Unfortunately, as with most insurance providers, filing an insurance claim with GEICO can be a difficult, drawn-out process during an emotional time.
Many insurance companies strive to minimize settlements so they can make money. GEICO is one of the biggest insurance companies in the industry and has years of experience dealing with insurance settlements. It can be difficult to navigate the claims process on your own, especially when GEICO is a veteran at the game.
Filing a Claim with GEICO
After an accident, seeking medical care should be your first priority. However, after you are safe and sound, you must report the accident.
GEICO allows you to report the claim online, through their app, or by calling 1-800-841-3000. You will be asked questions and told to share as many details as possible. However, at this stage, it may be in your best interest to hold back.
Anything you say that could damage your case can be used against you. It is important to not admit fault. It may be beneficial for you to contact a personal injury lawyer to guide you through the process.
How GEICO Handles Injury Claims
GEICO collects as much information as possible to determine your claim amount. The police report from your accident, passenger and witness statements, photos from the accident scene, repair estimates, and anything you say can all be used to calculate your claim.
GEICO will calculate your claim based on set values for different injuries. For example, breaking your leg in an accident results in a certain amount of a payout. This approach may be efficient for GEICO, but it doesn’t take into account many important aspects of an accident in your life, such as your fear or stress following an accident.
GEICO’s website says your claim may be settled in as little as 48 hours. However, it’s important to remember that the first offer you receive from GEICO will likely be low. Insurance companies such as GEICO make money by offering low payouts. It is often worth it to reject their first offer and try to negotiate.
Strengthen Your Bargaining Position
The best ways to ensure you get a better offer from GEICO happen before you even speak with them.
Make sure everything related to your accident and resulting injuries is documented. When you talk to the police at the accident, share your side of the story without admitting fault. Take photos of your car at the accident scene and any injuries if possible. Go to the doctor and ask your doctor to write a report that discusses the severity of your injuries and how they will impact your day-to-day life going forward. If you have missed work because of the accident, have your lost wages documented. The more evidence and facts you have before speaking with GEICO, the better.
You should also calculate the lowest amount you would settle for before you speak with GEICO. If their number is lower than what you know you need, be prepared to walk away and file a lawsuit. Keeping a number in mind will help you make sure you get what you need to be made whole after an accident. You should not settle for less.
Get Help from Our Experienced Personal Injury Lawyers
After an accident, it is essential you receive the help you need. The attorneys at Zinda Law Group know how to navigate the claims process with GEICO. We have experienced negotiating on many clients’ behalf, and we will work to ensure you reach a fair resolution of your claim so you can put this accident behind you.
Contact us at (800) 863-5312 for a free consultation and learn how we can help.
Meetings with attorneys are available by appointment only.