Once you sue GEICO, they will likely increase their settlement offer. The reason for this is simple: GEICO knows that it will probably cost them a lot more money to litigate the case than it will to settle it. They also know that a jury could return a much bigger verdict than what they would pay in a settlement. Most often, it simply makes more financial sense for GEICO to offer a bigger settlement.
Of course, if GEICO doesn’t think that your lawyers will actually go to court - or if you’re not represented by counsel - then they may not increase their settlement offer. To get the money that you deserve for your losses, contact DuBoff & Associates today for a free consultation.