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What You Need To Know If You Have Been Injured In A Car Accident Insured By GEICO

What You Need To Know If You Have Been Injured In A Car Accident Insured By GEICO

If you have been involved in a motor vehicle accident caused by someone else’s negligence in Houston or anywhere else in Texas and the other driver was insured by GEICO, you likely are wondering what you can expect both when it comes to filing a claim as well as how quickly and aggressively the insurer may defend the actions of its insured motorist if the other motorist caused the accident.

GEICO is one of the largest automobile liability insurers in both Texas and throughout the United States. Although GEICO used to take a more reasonable approach to both valuing as well as settling their claims, the insurer has lately become more aggressive in defending its policyholders, even in situations where the liability of a motorist insured by GEICO seems clear.

However, this is not a reason to worry, as the experienced Texas motorcycle accident lawyers at Pusch and Nguyen Law Firm have had success in recovering millions of dollars in claims involving injuries and damages caused by motorists insured by GEICO in our more than 50 years of combined legal experience representing Texas motor vehicle accident victims.

What Is GEICO?

GEICO is the 3rd most popular private car insurance company in the country. They currently have over 7 million people with auto insurance liability policies with their company. Out of those 7 million customers, over 12 million vehicles in total are insured by GEICO.

For nearly two decades, the company has been owned by billionaire Warren Buffett through his company, Berkshire Hathaway. GEICO has a significant market share in Texas and offers stiff competition to some of the other large insurance companies like State Farm and Allstate.

How Likely Is The Settlement Of Cases Where GEICO Is Involved?

Many of the car accident cases throughout the state of Texas which involve both wrongful death and injury claims are made against drivers who have their insurance through GEICO. Even a decade ago, it was much more simple to settle claims with GEICO in Texas than it is today. The attorneys of our firm who handle GEICO accident claims usually never even had to file a lawsuit against the company or its policyholders.

GEICO is Taking More Aggressive Approach

However, that is not the case anymore. Instead, the company now takes a much more aggressive position in defending its inured motorists. From our experience, it seems that GEICO is frequently undervaluing the fair value of nearly all their claims. When there are traffic collision cases that result in severe injuries to an accident victim, we normally sue the GEICO policyholders involved now.

Reasonable Claim Adjusters But Tend to Undervalue the Cases

GEICO does have some very reasonable and understandable claim adjusters. They return phone calls promptly and sometimes can be easy to work with. The only bad thing is that, as a corporate policy, they tend to undervalue many of their personal injury cases.

Forced by corporate higher-ups

Unfortunately, staff members are often forced to do so by the corporate higher-ups even if they are experienced and know better. This matters because the case value means everything in an auto accident claim.

Need to File a Lawsuit for Proper Compensation Against GEICO

Filing a Lawsuit for Fair Settlement Offer

For this reason, you often need to file a lawsuit and go through the civil court process to receive the proper amount of compensation for the pain, suffering, physical harm and other damages you have endured from an accident caused by a GEICO policyholder and to ensure that you are properly compensated for the injuries and damages you have suffered as a result of that person’s negligence.

At Pusch and Nguyen Law Firm, we fight to ensure that you receive every penny of compensation you are entitled to under Texas law.

Suing GEICO or a GEICO policyholder will often boost the value of an offer you will receive to settle your motor vehicle accident claim against a GEICO policyholder.

Our Firm’s Settlement of Lawsuits Against GEICO

How do you get around GEICO’s reluctance to put a realistic value on a claim or lawsuit against one of its policyholders? The lawsuits that we’ve filed against GEICO have resulted in verdicts and settlements worth millions of dollars in total. The only way around the insurer’s reluctance to settle claims for realistic value is to file a lawsuit against the company.

Sometimes you may be lucky enough to have a claims adjuster that you can negotiate with fairly. If you present them with legal arguments and factual evidence to back them up, the adjusters may give you a better settlement offer. However, for 90% of accident cases, a lawsuit will need to be filed against GEICO if you want a fair settlement offer.

We Are Here to Help You

Have you suffered an injury from an automobile accident in Texas in which the other driver was insured by GEICO? Contact the experienced Houston motor vehicle accident attorneys at the Pusch and Nguyen Law Firm to discuss your situation and receive a free consultation on your insurance claim against GEICO today.

By |2020-06-10T09:04:43+00:00March 25th, 2020|Blog|
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