The Role of Insurance Companies in Personal Injury Claims

Personal injury claims can be complicated and stressful for those involved. Insurance companies often play a significant role in determining the outcome of the claim when someone is injured due to another party’s negligence or intentional actions.

These companies are legally obligated to act in good faith and deal fairly with injured parties. That said, financial interests are still involved, and minimizing the amount paid in claims is a critical goal.

As personal injury lawyers, we’ve worked with several insurance companies, and they all operate slightly differently, but the basic procedures remain the same. Here’s what you need to know.

The Role of Insurance Companies

When someone is injured, the first step is determining who is at fault. If the injury was caused by another party’s negligence or intentional actions, the injured person might file a personal injury claim against that party. In most cases, the party at fault will have insurance, such as automobile insurance or homeowner’s insurance, that can be used to pay for the damages.

Insurance companies in personal injury claims play a critical role as they are often the ones who will be responsible for paying the damages. When a claim is filed, the insurance company will investigate the incident to determine if the insured party was at fault.

If the insurance company determines that the insured party was at fault, they will negotiate a settlement with the injured party or their attorney. On average, half the injured people receive $24,000 or less in the payout. However, if you feel that’s unfair, you can file a personal injury lawsuit with the help of a personal injury lawyer.

Trying To Settle For Less

Insurance companies in personal injury claims are legally obligated to act in good faith and deal fairly with injured parties. However, they’re also financially interested in minimizing their claims payout amount. As a result, insurance companies often try to settle claims for less than their actual value. Moreover, if the statute of limitations has passed and the injured person files a claim, the insurance company is not required to provide a payout.

Negotiating a Settlement

Negotiating a settlement with an insurance company can be challenging for an injured person. Insurance companies have experienced adjusters who are skilled at negotiating settlements. They may use tactics such as offering a low initial settlement offer or delaying the settlement process to wear down the injured person.

Injured people should consider hiring a personal injury lawyer to ensure they receive fair compensation for their injuries. An attorney can negotiate with Insurance companies in personal injury claims on behalf of the injured person and ensure they receive the compensation they deserve.

The case may go to court if the insurance company and the injured person cannot reach a settlement agreement. In court, a judge or jury will determine the value of the damages to which the injured person is entitled.

Hire the Best Personal Injury Lawyers

An insurance company watches out for itself first and then you, which can lead to unfair payouts in personal injury cases. But that’s why we’re here!

The Bourassa Law Group is the top law firm for personal injury cases and provides cost-effective legal solutions. We have various professionals on board, like pedestrian accident lawyers, bicycle accident lawyers, car accident lawyers, and estate planning attorneys.

Contact us today to ensure you get the payout you deserve!

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