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In this video, Lee Pearlman discusses seven common tactics used by insurance companies in personal injury claims. The first trick involves quick settlements, where insurers may offer a significantly low amount to settle claims quickly, often at a fraction of what is fair—potentially 400% less than what someone with legal representation might receive. This initial settlement typically disregards essential factors such as necessary medical treatment, lost wages, and pain and suffering, which can have a major impact on the final settlement value. Pearlman emphasizes the importance of being aware of these tactics to safeguard your rights during claims.