How to Maximize a Claim Against Chubb Insurance

Chubb as an Insurer 

Chubb is a global insurance company known for its wide range of insurance products and services, including auto insurance. The size of Chubb’s auto insurance division is substantial. Chubb’s total net premiums written in 2020 amounted to $34.7 billion. In the same year, the company’s net claims and claim expenses amounted to $22.5 billion. The company was worth $79.7 billion as of September 2021.

What does that mean for you?

Chubb is a large insurer with plenty of funds to pay claims with, but insurers exist to create profit for their shareholders at least as much as they exist to provide coverage for their insureds. In this article, we will explore ways to maximize your claim against Chubb.

Understanding Chubb’s Role in Your Accident Case

Car accidents are far too common in Texas. According to the Texas Department of Transportation, there were 239,539 persons injured in motor vehicle traffic crashes in 2021. If the person responsible for your loss is insured with Chubb, you will want to know how to maximize your claim. Chubb may be responsible for compensating you for damages such as medical expenses, lost wages, and pain and suffering. 

Navigating the Claims Process with Chubb

First and foremost, file your claim with Chubb as soon as possible after the accident. Keep in mind that insurance companies, including Chubb, may try to minimize their payouts. A personal injury attorney can help you deal with Chubb effectively and maximize your compensation. Gather necessary documentation, such as police reports and any notes or photos you took at the scene and provide them to your attorney.

navigating a claim against chubb

Why do you need a Personal Injury Lawyer to Fight Chubb?

Chubb, like any other insurance company, wants to protect their financial interests. While many claims are settled fairly, there are instances where insurance companies may employ tactics to deny claims or reduce payments. Some of these tactics include:

Delaying the claims process

Insurance companies may use delaying tactics, such as taking an extended time to process paperwork, respond to inquiries, or investigate the claim. These delays can be frustrating for claimants and may lead to them accepting lower settlement offers.

Requesting excessive documentation

Insurers may request excessive documentation or information that is difficult to obtain in an attempt to discourage claimants from pursuing their claims or cause them to miss filing deadlines.

Disputing liability

Insurance companies may dispute liability for the accident, arguing that their policyholder was not at fault, or that the claimant was partially or entirely responsible for the accident.

Denying coverage

Insurers might claim that the policy does not cover the specific incident or that the policyholder failed to meet specific conditions, such as not reporting the accident in a timely manner.

Offering a low initial settlement 

Insurance companies may offer a low initial settlement in the hope that claimants, who may be under financial pressure, will accept the offer without further negotiation.

Minimizing injuries or damages

Insurers may attempt to minimize the extent of injuries or damages, arguing that they are not as severe as the claimant asserts, and thus, the compensation should be lower.

Using statements against the claimant

Insurance adjusters may use statements made by claimants against them, either by taking them out of context or by exploiting any inconsistencies in their account of the incident.

Citing pre-existing conditions

Insurers may argue that a claimant’s injuries were caused by a pre-existing condition rather than the accident in question, and thus, they are not liable for the damages.

What is the difference between a first-party claim and third-party claim?

A first-party claim and a third-party claim are two different types of insurance claims that can be filed against Chubb Insurance, depending on the circumstances of the incident and the type of insurance coverage involved. Here’s an overview of the differences between these two types of claims:

First-party claim

A first-party claim is when you, the policyholder, file a claim directly with your own insurance company (in this case, Chubb Insurance) to seek compensation for damages or losses sustained in an accident or incident. This claim is based on the coverages outlined in your insurance policy, such as collision or comprehensive coverage for auto insurance.

For example, if you have Chubb auto insurance and are involved in a car accident that results in damages to your vehicle, you would file a first-party claim with Chubb to seek compensation for the repair costs, based on the terms and conditions of your policy.

Third-party claim

A third-party claim occurs when you file a claim against another person’s insurance company (in this case, Chubb Insurance) for damages or losses you’ve sustained due to their negligence or actions. This type of claim typically arises in liability situations, such as when the policyholder of Chubb Insurance is at fault for causing an accident that results in your injuries or property damage.

For instance, if you are involved in a car accident caused by a driver who has Chubb auto insurance, you would file a third-party claim against Chubb to seek compensation for your medical expenses, lost wages, and property damage, based on the at-fault driver’s liability coverage.

Hiring a Personal Injury Attorney to Fight Chubb

Here are some things you should look for when you’re trying to find the best attorney to help you fight Chubb and maximize the value of your claim.

Expertise in Personal Injury Law

Our experienced personal injury lawyer can help you navigate the complexities of injury law and ensure your rights are protected. Our attorneys include former claims adjusters and seasoned trial attorneys. This means we can see through and overcome tactics that insurance adjusters and their lawyers try to use.

Accident Case Evaluation and Free Consultation

Our accident lawyers offer a free consultation to evaluate your case and provide guidance on the best course of action. We also operate on a contingency fee basis so you will have no upfront costs or fees associated with legal fees coming out of pocket. 

Handling Negotiations and Maximizing Compensation

A skilled accident lawyer can negotiate with Chubb on your behalf, advocating for a fair settlement that adequately compensates you for your damages.

Trial Experience 

Our attorneys have gone to trial by jury over a hundred times. We are at home in the courtroom. Very few personal injury attorneys can truthfully say that. Put our experience to work for you.

What will Varghese Summersett do to help in a Claim Against Chubb?

Our personal injury lawyers at Varghese Summersett can provide valuable assistance when it comes to filing a claim against Chubb Insurance. Here’s how our team can help you throughout the process:

  1. File a demand: Our attorneys will gather all necessary evidence and documentation to build a strong case on your behalf. This includes medical records, accident reports, witness statements, and any other relevant information. With this information, we will file a demand letter to Chubb, outlining the extent of your injuries, the damages incurred, and the compensation you are seeking.

  2. Tough negotiation: Insurance companies like Chubb may attempt to offer a lower settlement than you deserve. Our personal injury lawyers have extensive experience in negotiating with insurance companies, and they will use their skills to ensure you receive fair compensation for your injuries and damages. They will not be intimidated by Chubb’s tactics and will advocate for your best interests throughout the negotiation process.

  3. Filing suit: If negotiations with Chubb do not result in a satisfactory settlement, our attorneys are prepared to file a lawsuit on your behalf. Filing suit demonstrates to the insurance company that we are serious about pursuing the compensation you deserve, and it may lead to a more favorable settlement offer.

  4. Going to trial: In the event that a fair settlement cannot be reached through negotiation or mediation, our personal injury lawyers are ready to take your case to trial. Our team has extensive trial experience and will present a compelling case to the jury, demonstrating the negligence of the at-fault party and the extent of your damages. Going to trial may result in a more substantial verdict in your favor, ensuring that you receive the compensation you need to move forward after your accident.

How to Maximize Your Claim Against Chubb

To maximize the compensation you get from Chubb in a personal injury claim, consider taking the following steps:

Hire an experienced personal injury attorney

Retaining a skilled personal injury attorney with experience handling claims against large insurance companies like Chubb is crucial. They will guide you through the legal process, ensuring your rights are protected and helping you obtain the maximum compensation you deserve.

Seek medical attention immediately 

After an accident, seek prompt medical care, even if you feel fine initially. Injuries may not be apparent right away, and a delay in treatment could negatively impact your claim. Keep detailed records of all medical treatments, diagnoses, and expenses related to your injuries.

Document the accident and damages

Collect and preserve evidence related to the accident, such as photographs of the scene, witness statements, and a copy of the police report. Document your property damages, lost wages, and any other financial losses you incurred as a result of the accident. Be sure to file an accident report with the appropriate authorities if the police do not come out to the scene. If there were no injuries, it is often the case that the police will want you to file your own report rather than them coming out to the scene.

Follow your doctor’s advice

Adhere to your medical professional’s recommendations for treatment and follow-up care. Failing to comply with their instructions can be used against you by Chubb to argue that your injuries are not as severe as claimed or that you contributed to your own slow recovery.

Avoid providing a recorded statement to Chubb

Insurance adjusters may try to obtain a recorded statement from you, which can be used against you later. Consult with your personal injury attorney before providing any statements to Chubb or its representatives.

Keep a record of your pain and suffering

Maintain a journal documenting your physical pain, emotional distress, and the impact of your injuries on your daily life. This record can be valuable evidence when seeking compensation for non-economic damages like pain and suffering.

Be patient and avoid accepting a low initial offer

Insurance companies like Chubb may try to settle your claim quickly with a low initial offer. Resist the temptation to accept this offer without consulting your attorney, who can help determine if the offer is fair and negotiate for a higher settlement, if necessary.

Be prepared for litigation

While most personal injury claims settle out of court, being prepared to go to trial if necessary can show Chubb that you are serious about pursuing the compensation you deserve. This willingness to go to trial can put additional pressure on the insurance company to offer a fair settlement.

Contact a Fort Worth Car Accident Lawyer

Reach out to our car accident lawyer in Fort Worth to help you through this process. We can guide you through the legal process and help you navigate your case with Chubb.

A Note about Truck Accident Claims

If your accident involves a commercial truck accident, handling the case with Chubb may be more complex.  Our experienced truck wreck attorney can help you navigate the unique challenges associated with truck accidents and insurance claims.

Varghese Summersett Law Firm: Your Trusted Partner Against Chubb

The team at Varghese Summersett is here to help you handle your car accident case with Chubb. With our experience and dedication, we’ll work tirelessly to secure the compensation you deserve. Call us today at (817) 207-4878 or contact us online for a free consultation.