After a personal injury, dealing with insurance companies can feel frustrating and overwhelming. One common tactic insurers use is delaying the claims process, which can make it harder for victims to get the compensation they deserve while covering immediate expenses.
Understanding these delay tactics–and knowing how legal funding can help–can give you a clearer path forward. Below is some information everyone should know about insurance company delay tactics.
Insurance Companies and Delay Tactics
Insurance companies are businesses, and their primary goal is to protect their bottom line. Unfortunately, this sometimes means using tactics to prolong claims processing. Common delay strategies include:
Requesting Excessive Documentation
Insurers may ask for repeated medical records, bills, or forms, slowing the process and creating additional work for the claimant.
Extensive Investigations
Even when liability is clear, insurers may conduct lengthy investigations to justify delays.
Lowball Settlement Offers
Insurers sometimes offer settlements far below what a case is worth, hoping the claimant will accept early just to get money quickly.
Ignoring or Delaying Communication
Calls or emails may go unanswered, or response times may be unusually long, creating uncertainty and frustration.
These tactics can leave victims struggling to cover bills, medical costs, or everyday living expenses while waiting for their settlement. For many, the wait can be stressful and financially challenging, especially if their income has been affected by the injury.
How Legal Funding Helps
Legal funding, sometimes called a lawsuit loan or pre-settlement funding, can provide critical support during this waiting period. Here’s how it helps:
Immediate Access to Cash
Unlike traditional loans, legal funding is based on the strength of your pending case, not your credit history. Once approved, funds can be deposited in as little as a few days, giving you the ability to pay bills, medical expenses, or other essentials.
Non-Recourse Financial Relief
Legal funding is non-recourse, meaning you only repay the funds if your case settles or wins. If the insurance company continues delaying or denies your claim, you are not obligated to pay the advance back.
Reduces Financial Stress
Having access to funds during a drawn-out claims process allows you to focus on recovery rather than worrying about day-to-day expenses. This can also give your attorney more leverage, as you’re not pressured to accept a low settlement just to cover immediate costs.
Legal Funding & Strategic Advantage
By using legal funding, you essentially level the playing field against insurance companies that rely on delays to minimize payouts. With financial pressure alleviated, you can take the time needed to build a stronger case, consult medical experts, and negotiate a fair settlement.
Insurance companies often employ delay tactics to protect their bottom line, which can leave accident victims struggling financially. Legal funding offers a practical solution, providing fast, non-recourse cash to cover expenses while your case progresses. By understanding your options, you can avoid the pitfalls of insurer delays and focus on what matters most: recovery and achieving the settlement you deserve.
Legal Funding From Cash Now Funding Group
Are you or a family member in need of financial assistance due to a lengthy legal battle? Are you preparing for a long-term legal battle to get the compensation you deserve? Cash Now Funding Group can be the financial lifeline you need while your case settles. Applying is free and confidential & no credit check is required.
