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Swoop and Settle

News you need: Swoop and Settle is an insurance scam

Swoop and Settle that pops up when you least expect it. You’re with a friendly agent from the insurance company representing the driver who hit you. He’s rushed in to help. He knows you need money to pay your medical bills and repair your car.

He hands you a release to sign so you can get the money you need right away. You agree to sign it. Yes, you will receive a quick payout. But it won’t be what you need. When you signed the release, you accepted a low ball offer that won’t begin to cover your expenses.

The “friendly” insurance agent has done his job. He swooped in and settled your claim, driving down the company’s loss value to an average of “30 percent below the actual market cost” of a case. It is how insurance companies make money, according to The Huffington Post.

There is a way to protect yourself: Call Wayne Wright

Don’t wait. As soon as you are able, make that call. Don’t meet or talk with any insurance agents until your case is Wayne Wright’s hands. Insurance companies have lots of scams. Dealing with them, – given their goal of maximizing profits at your expense – can be tough. But Wayne Wright is one of America’s top trial lawyers. His legal awards prove he gets clients what they need and deserve. CNN celebrated his 2014 Litigator Award during prime time. Litigator Awards are based on the total amount of money a lawyer has won for clients. Less than 1% of the nation’s attorneys ever qualify for this honor.

Insurance companies changed dramatically in the 1990s

In the mid-1990s, insurance companies dramatically changed the way they operate. They opted for a variety of tricks that would increase their profits dramatically. Lax regulatory laws allowed them to stop operating like “semi-public trusts,” given their “protective role in the lives of ordinary citizens.” They became like any other business, according to The Huffington Post. Their goal is to make as much money as possible. They use swoop and settle and other techniques to maximize their profits at the expense of accident victims.

Texas Watch also watches out for you

 This non-profit’s website is devoted to informing people about insurance company scams. It’s currently shining a big spotlight on swoop and settle, to help stop this slick trick before it cheats anymore unsuspecting victims. Texas Watch also urges accident victims to be careful when talking to insurance representatives. What victims say can be used to deny their claims if they don’t accept a “swoop and settle” offer.

Texas Watch says the best way to avoid being cheated by an insurance company is to hire a good lawyer. Calls to Wayne Wright are free. So are evaluations. No fees are due until a case is won or settled.

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