Don't Be Greedy!

Getting in an accident does not equal Winning the Lottery!

True Story:

Our insured is at a two way stop sign and goes to make a left hand turn. Meanwhile a tough guy in a sports car is driving by with no stop sign. Our insured hits the sports car. Our insured is at fault for this accident and we pay for damages to Mr. Tough Guy's sports car. It was a very minor accident (Under $50 damage to the vehicle being driven by our insured for some compound and 5 minutes of labor to buff out a scratch). Well, Mr. tough guy decides he was seriously injured and needs to go see a Dr. He proceeds to rack up $27,000+ in medical bills from Dr. Smart Guy, and asks us to pay for the bills plus a little extra for his "pain and suffering."

We know he is full of crap, but we are not in the mood to deal with his drama so we offer him a couple thousand dollars to make him go away. Problem is, he gets greedy. He wants a big payday. We hit him, so he believes he is entitled to a big fat check. He thinks it's a good idea to file a huge lawsuit against us and our insured. What followed next was poetic justice.


We go to court, and we convince the jury that Mr. tough guy is full of crap. The jury rules in our favor. What does that mean? Well, first of all Mr. Tough Guy got $0 from us for his "injuries." But, since the jury ruled in our favor, Mr. Tough Guy has to pay for our defense costs totaling over $20,000.

Let's recap: A.) Mr Tough Guy gets hit by another car (not his fault) B.) Mr. Tough Guy thinks he hit the jackpot C.) Mr. Tough Guy turns down thousands of dollars because he gets greedy D.) Mr Tough Guy now has a huge debt.

The Moral of the story? Don't be Greedy.