Insurance companies play a significant role in personal injury settlements. Personal injury attorneys consistently deal with insurance companies as they seek to secure fair compensation for their clients. Understanding the role of these companies in settlements is vital for anyone involved in a personal injury case.
Insurance companies are businesses, and like any other business, their primary objective is to make profit. When an individual files a claim following an accident, the insurance company’s goal is not necessarily to ensure that the person gets fully compensated for their losses but rather to settle the claim as quickly and inexpensively as possible.
Typically, after an accident, the injured party will file a claim with the at-fault party’s insurance company. The insurer then assigns an adjuster to investigate and evaluate the claim. This includes reviewing medical records, police reports, witness statements and other relevant information. It’s important to note that while adjusters can be friendly and sympathetic, they work for the insurance company – not you.
Personal injury attorneys often negotiate with these adjusters on behalf of their clients. They understand that initial settlement offers from insurance companies are usually lowball offers designed to minimize payouts. Experienced lawyers know how much a case is worth based on similar cases they’ve handled in the past and won’t accept less than what’s fair.
One common tactic used by insurers is delaying claims in hopes that desperate plaintiffs will accept lower settlements just to get some money sooner rather than later. Another strategy involves disputing liability or arguing about damages’ severity or necessity of certain medical treatments.
This is where having a skilled personal injury attorney becomes invaluable. These professionals know how insurers operate; they’re familiar with negotiation strategies and can counteract attempts by these firms aimed at reducing your rightful compensation amount significantly.
Moreover, if negotiations fail or if it becomes apparent that full compensation cannot be achieved through negotiation alone, your attorney may recommend taking legal action against the liable party or parties—something most individuals cannot successfully do without legal representation.
In conclusion, while insurance companies play a significant role in personal injury settlements, it’s essential to remember that their interests do not align with those of the injured party. This makes having an experienced personal injury attorney on your side critical. They can navigate the complex process, stand up against powerful insurance companies and fight for fair compensation on your behalf. No matter how friendly or cooperative an insurance adjuster may seem, always consult with an attorney before accepting any settlement offer.
Munley Law Personal Injury Attorneys
41 N Main St, Carbondale, PA 18407
15702802502
