How Coronavirus is Affecting Car Accident Insurance Settlements
As we are all now aware, state lawmakers have issued mandatory statewide orders to close non-essential businesses as a result oft he novel COVID-19 outbreak across the world.
Essential businesses consist of service workers such as police officers, utility companies, hospital workers, EMS, and even grocery store workers. As a safety measure, residents are being advised to stay at home as much as they can until further notice.
Government officials are asking for support and understanding. While the community is generally aware that these measures are being taken for the overall good of the community, for many people this means working limited hours, working remotely, or not working at all. The Washington Post recently reported that the first wave of U.S. layoffs is already upon us due to the coronavirus. The bottom line for many families in the coming weeks and months is going to be financial survival.
If you are dealing with an ongoing car accident insurance claim involving bodily injuries, you may be asking-should I settle for less than the full value of my insurance claim?
What should you do? The most honest answer is two words: “it depends.” It’s worth noting that many insurance companies have advised their adjusters to work remotely from home, this is enabling contact through calls or emails with no delays.
As a result of COVID-19, many settlements are being delayed. Those who live paycheck-to-paycheck are being hit the hardest financially and insurance companies are aware of this.
At Hendy | Johnson | Vaughn | Emery, our Louisville car accident lawyers are dedicated fighting to ensure our clients receive the full sum of what they are entitled to in their cases, even with the current crisis we are facing in both our state and our country. Please contact us if you have any questions regarding your case.