Geico Insurance company has undergone significant growth as a company in the last few years. Geico advertises that you will save money through them, but this is far from the truth. If you have a personal injury claim, my experience has shown that they routinely offer significantly less on claims than any other insurance companies. More importantly, is that they often base the value of a claim on the property damage of the vehicle rather than the actual injury. If you wonder, Why is Geico underpaying on my claim, this is the reason.
The problem with “minor impact” car accident cases is common in personal injury cases. Insurance companies do not base their offers on the individual claim, but rather on a set formula that determines a set “value” for your claim. Geico is one of the worst offenders of this formulaic approach.
But scientific evidence has shown that the significance of an injury is almost never directly related to the amount of damage to the vehicle. A person in a vehicle that was totaled could have few injuries, while the person in a “minor impact” auto accident suffers with significant pain.
These “minor impact” accidents are usually in the form of a rear-end bumper collision. A rear-end accident often results in soft tissue injuries (STI), or “whiplash” injuries. Although they aren’t usually viewed as seriously as a broken bone or other serious injury, they often result in more pain. A soft tissue injury, unlike a broken bone, will last months or even years. While the immediate pain following the accident will not be as significant, the long lasting affect on a persons life can be severe.
If you were involved in a rear-end “minor impact” auto accident, it is critical that you hire an aggressive auto accident attorney to handle your case. Many attorneys will push you to settle these claims for pennies on the dollar. Many of the cases I have had against Geico and other insurance companies have resulted in as much as 6-7 times the initial offer.