Unintentional injuries cost billions of dollars every year. While some of the costs associated with accidents and related injuries are uninsured, a major portion of these expenses is covered by insurance companies. In case of a mishap resulting due to the negligence of another party, the victim is legally entitled to file a claim. In such instances, insurance companies are liable to pay for the damages incurred by the accident survivor.
However, when settling a claim, insurance companies aim to protect their interests and bottom lines by offering a lower settlement to the victim. To ensure that they end up with a lowball insurance settlement offer, they immediately contact the injured accident survivor to make an offer and encourage them to accept it. It’s a particularly common practice in Gainesville, where insurance adjusters often motivate injured individuals to take up their compensation offer. This is why it is important to speak with Gainesville personal injury lawyers and protect yourself from insurance companies.
Let’s look at how personal injury lawyers deal with insurance companies and large organizations to maximize your compensation in case of an accident.
Dealing with Insurance Companies
Most personal injury attorneys take the following approach to deal with insurance companies and negotiate reasonable compensation for your loss.
Sending a Demand Letter
When you hire a legal expert to file your claim, you must have a detailed discussion with them so they understand everything that happened and gather all the relevant information related to the accident.
This meeting helps legal experts develop a case for you and estimate the worth of your damage by calculating all the current and potential medical expenses, lost wages, property damage, and other losses you experience.
Once your attorney has calculated the cost of your losses, they will share a demand letter with the insurance company, including details of the claim and an estimate of the fair compensation you deserve.
Communication with the Insurance Company
Many insurance companies reject the demand letter sent by the attorney. As a result, your lawyer must communicate with the insurance company through other modes of communication to ensure that you get a fair and timely compensation.
Communication with the insurance company typically requires your legal representative to interact with the team of expert attorneys hired by insurance companies who negotiate to minimize the claim amount. Sometimes the insurance company lawyers may drag the claim or avoid contact with your attorney; however, if you hire a seasoned legal expert, you can rest assured that your attorney will try every possible measure to communicate with the insurance company about the authenticity of your losses and claim.
File a Lawsuit
In case the insurance company doesn’t agree to a fair settlement of your claim, your personal injury lawyer will file a lawsuit. When your legal representative files a lawsuit, it gives a message to the insurance company that your claims are genuine, and you are willing to take them to court if you do not receive a fair settlement of your claims.
Negotiation During Arbitration
In the case of a personal injury claim, many cases go to arbitration, where both parties (the plaintiffs and the defendant) come together to discuss the claim and reevaluate its worth. In such instances, a personal injury attorney will negotiate with the insurance company in your favor to ensure that you get the best possible compensation for your damages.
Preparing for arbitration is quite similar to preparing for the actual trial, and only an experienced personal injury lawyer knows the right strategies to optimize the outcome of this meeting, as it is often the last chance to avoid a trial.
Let Your Legal Expert Deal with the Insurance Companies
Seeking legal assistance is often the best bet for individuals surviving an accident, as it helps them avoid the hassle of communicating with the insurance company while increasing their likelihood of getting rightful and timely compensation for damages.
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