If you have ever wondered why state farm is one of the most popular companies out there it is because state farm ranks 32nd on the fortune 500 list and also has some of the, if not the highest market share when it comes to insurance companies. State Farm claims have been around since 1992. They started off just as a car insurance company but now they are a lot more than just that, they have insurance for just about everything now including home and business insurance. The State Farm company is growing rapidly, they now have about 17,000 agents and over 68,000 employees and they really haven’t shown any sign of actually slowing down! If you add up all the market share by State Farm and compare it against many of the other insurance companies you will notice they have more than double the share than the company that is right behind them. However, there is one exception. In Maryland State Farm is actually second, the leading company over there is actually Geico. In this article we are going to be talking about whether or not State Farm claims are best for you or if you should choose another company
One thing you should know before we start this article is the fact that it is hard to do insurance reviews, especially on claims because many companies don’t give out the full details, so when trying to analyze State Farm Claims it might be a bit difficult to get totally accurate reading. It should also be noted that this company usually deals with less serious accidents so if you need insurance for something extremely serious you might need to reconsider.
The truth is accident claims with State Farm really do vary a lot, it all depends on the adjuster and the agent. There are some State Farm adjusters that truly do want a fair and accurate payment because they are ethical. On the other side of the fence you have the kind of adjusters who will try to rip you off and if you really want a fair payment then you might have to take it to court.
As litigation begins the settlement offers over at state farm begin to go on the raise. In fact they can double and in some cases even triple! Many people ask us why we think this is, and although we can never know for sure we believe it is because the State Farm insurance adjusters seem to be a little less reasonable than the State Farm in house lawyers, but obviously that is not the case every single time! There are actually many reasons things seem to be more reasonable with the in house lawyers, but we believe the main reason is because when using the in house lawyers you have to sit in front of a jury who will probably be more reasonable with you. Another reason it raises is because the company realizes that the victim is not going to accept the payment in order to avoid going to court. The last reason is because State Farm takes a close look at the price and whether or not it is fair as the date of the trial starts to get closer. If you are going to claim you didn’t have fault in the accident then the insurance company is more than likely going to try to find proof that you did have some sort of responsibility in it.
One thing that State Farm does (which every insurance company does) is uses a computer system to determine the value of how much they should pay out. Actually, now the majority of state farm adjusters have switched over to paperless which means they really don’t do anything. Everything they read are simply scanned and put on the computer so they literally don’t have any papers in front of them. State Farm determines the value of how much they are going to pay based on several factors, these factors include but are not limited to the type of accident, if there was any hospital visit, if you have to take time off work, and the long term seriousness. Also, if the accident actually caused you to lose money in any other way they will cover you for those losses. We have seen a lot of different companies and how much they pay out and to be honest it seems like State farm undervalues it all. The sad truth is you will more than likely have to file a lawsuit to get all the money and benefits that you actually deserve, but at the same time this is probably true with all insurance claims, not just state farm insurance claims. We need to understand their judgment from a business standpoint because it truly is common sense if you think about it: If State Farm is going to pay out a bunch of money they want to see all the evidence, and the only way to see that is through taking things to court.
We have talked to a few lawyers and they have all agreed that this is very common for insurance companies to do, they will also examine to history of your lawyer and potentially change the amount that they were trying to get you. However, it should also be said that it is hard to say with State Farm because they don’t have any organized plan on how they go about handling these things, which could be one of the main reasons they are doing so well!
When you are going to file a lawsuit against State Farm you should definitely choose a private company to hire because history has shown us that you are much more likely to win one of these cases if you are with a private company. You have to be careful with other companies because they can actually be working for State Farm or some other insurance company.
State Farm will provide you with a lawyer if you would like but we wouldn’t recommend you take them up on the offer. However, State farm does not offer you the lawyer because they know with that lawyer they will win, the lawyer they are offering you will actually make their best attempt to help you out, but the truth is private lawyers are just better. I know it sounds like we have been saying a lot of bad things about the State Farm insurance claims, but the truth is this is true for most companies. State Farm is actually a fair company and if you win they will pay you the money very quickly.
Many people ask us what types of claims State Farm is use to paying out. Here is a list of some of them
Cars are something none of us can seem to live without for obvious reasons. We live in a world where we need to get from point A to point B as fast as possible. However, because of this accidents are likely to occur and you need to have insurance if you want to stay financially stable
Many people know road accidents do happen a lot, but when you really sit down and think about it, accidents are happening every second. By the time you are done reading this article there will have been a bunch of accidents
I also know many of you are saying it probably won’t happen to you because you are a safe driver, but you need to understand there are many drivers that are not safe out there. This is the exact reason you need to consider getting high quality insurance and State Farm offers just that with incredible customer service
So here is the list of the most common claims provided by State Farm
Fender Benders: This is probably the most common type of accident and usually happens when people get distracted or are texting and a light turns red and they don’t stop. Chances are good you will eventually get in one of these
Whiplash: This is a common symptom when you get in a fender bender and if you have insurance they will pay for the physical therapy so you can fully recover
Windshield Claims: This one is a bit different than all the others because with the others someone had to have actually hit you or you would have had to hit someone, but that is not the case with this. Have you ever had a rock hit your windshield and create a small crack and the crack kept getting bigger and bigger? With insurance, they will pay for the crack the be fixed.
Theft and Vandalism Claims: We all like to imagine that we live in a perfect world and that nothing bad will ever happen to us, but the truth is there are some bad people out there who want nothing more than to make others feel bad and get what they want. Theft is common, especially in suburban areas. Make sure you get some sort of alarm system for your car
Any other types of accidents are also covered regardless of how minor or how serious the accident was
As you can tell State Farm is a very successful company and they know how to run a business. Just make sure that when you file for State Farm claims you get the price that you actually deserve and if not don’t be afraid to take them to court.