After being the victim of a car accident in Gastonia, NC, you may be entitled to compensation in the form of a settlement from an insurance company. In general, the majority of personal injury cases settle outside of a courtroom. The reason behind this is that bringing a personal injury case to trial is very expensive and time consuming for all parties involved. Because of this, its easier for both the victim and the insurance company to find a reasonable amount of compensation to settle the claim. However, in certain circumstances, some personal injury cases can't or won't be settled. In these situations, why do personal injury cases fail to settle?
One of the most common reasons personal injury cases fail to settle is that the insurance company handling the claim decides to deny the claim. Typically, this means that the insurance adjuster assigned to the claim believes that the insurance company is not legally required to pay any amount of money to the victim. Because of this, the insurance company refuses to negotiate a settlement and the victim decides that it is not worth the time and money required to pursue the claim further. Generally, this decision will be made after the insurance company conducts an investigation. However, this investigation is not always flawless. Because the investigator is an employee of the insurance company, the investigator has an incentive to help the insurance company instead of the victim.
Many other personal injury claims in Gastonia, NC fail to settle because the amount offered by insurance company is far too low. This is a normal first step in most personal injury negotiations. The insurance adjuster is working on the side of the insurance company and obviously wants to get the best deal (lowest price) for the defendant. Because the initial price is set intentionally low, most insurance adjusters will eventually offer a higher settlement amount from the insurance company. Sometimes, however, insurance adjusters refuse to budge on their offered settlement. As a result, many personal injury cases fail to settle at this point because the victim estimates that it is not worth his time and money to continue. So is it worth it?
Once a victim has wrestled the insurance adjuster and his company on a personal level and had his claim denied, then it is time to decide whether or not to pursue other means of obtaining a settlement. Just because the victim's claim and settlement price has been denied does not necessarily mean that his claim is not very real and worth money. The next step, then, is to contact someone experienced in the negotiation process and see their claim is worth money and able to be settled.
Don't miss out on receiving compensation for the harm done to you or someone you know. Your claim may be worth money and your case valid. Call Gastonia's experienced Personal Injury Attorney Lance Williams for a Free Consultation today.
One of the most common reasons personal injury cases fail to settle is that the insurance company handling the claim decides to deny the claim. Typically, this means that the insurance adjuster assigned to the claim believes that the insurance company is not legally required to pay any amount of money to the victim. Because of this, the insurance company refuses to negotiate a settlement and the victim decides that it is not worth the time and money required to pursue the claim further. Generally, this decision will be made after the insurance company conducts an investigation. However, this investigation is not always flawless. Because the investigator is an employee of the insurance company, the investigator has an incentive to help the insurance company instead of the victim.
Many other personal injury claims in Gastonia, NC fail to settle because the amount offered by insurance company is far too low. This is a normal first step in most personal injury negotiations. The insurance adjuster is working on the side of the insurance company and obviously wants to get the best deal (lowest price) for the defendant. Because the initial price is set intentionally low, most insurance adjusters will eventually offer a higher settlement amount from the insurance company. Sometimes, however, insurance adjusters refuse to budge on their offered settlement. As a result, many personal injury cases fail to settle at this point because the victim estimates that it is not worth his time and money to continue. So is it worth it?
Once a victim has wrestled the insurance adjuster and his company on a personal level and had his claim denied, then it is time to decide whether or not to pursue other means of obtaining a settlement. Just because the victim's claim and settlement price has been denied does not necessarily mean that his claim is not very real and worth money. The next step, then, is to contact someone experienced in the negotiation process and see their claim is worth money and able to be settled.
Don't miss out on receiving compensation for the harm done to you or someone you know. Your claim may be worth money and your case valid. Call Gastonia's experienced Personal Injury Attorney Lance Williams for a Free Consultation today.
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Learn more about Personal Injury Lawyers. Stop by Minick Law's site where you can find out all about what a Gastonia Personal Injury Lawyer can do for you.
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