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?
Many Personal Injury claims fail to settle because insurance companies deny the offered claim. Claims are put on the desks of insurance adjusters and they evaluate whether they, and the insurance company, are legally required to pay any amount of money to the victim of a motor vehicle (or some other) accident. Before making the final decision, the insurance company investigates the case behind the Personal Injury claim. These investigations, however, lack thoroughness and contain bias because the investigator is inclined to help out the insurance agency and not the victim.
Many other Personal Injury cases fail to settle because the insurance adjuster offers a settlement amount which is simply too low. For insurance companies to aim low with a settlement offer is commonly the first step. Settlements are just like bargaining at a market. One party makes an offer. The other party counter-offers. And the process continues until a settlement is reached. In the same way, insurance adjusters often start negotiation low but are willing to offer larger and larger sums until both parties reach a reasonable settlement price. Some adjusters, along with the insurance company, refuse to budge and deny reasonable settlement amount, which, unfortunately, often leaves victims wary of the time and money required to pursue the claim further.
When an insurance company either denies a claim or fails to offer a reasonable settlement, the victim of the accident must decide how to proceed. Although these actions by the insurance company make the case more difficult, the actions could just be an elaborate bluff by the insurance company to see if the victim will go away. Generally, if the victim wants to proceed and the attorney believes there is a legitimate claim, a personal injury attorney can and will file a lawsuit to begin the legal process of bringing a personal injury case to a trial. Because filing a lawsuit will require the defendant and the insurance company to respond and begin preparing for a trial, this tactic may result in further negotiations or settlement offers that may resolve your case.
If you or someone you know has been involved in a car accident, don't hesitate to Contact Us at Minick Law, P.C. for a free consultation with an experienced personal injury attorney about your case.
Many Personal Injury claims fail to settle because insurance companies deny the offered claim. Claims are put on the desks of insurance adjusters and they evaluate whether they, and the insurance company, are legally required to pay any amount of money to the victim of a motor vehicle (or some other) accident. Before making the final decision, the insurance company investigates the case behind the Personal Injury claim. These investigations, however, lack thoroughness and contain bias because the investigator is inclined to help out the insurance agency and not the victim.
Many other Personal Injury cases fail to settle because the insurance adjuster offers a settlement amount which is simply too low. For insurance companies to aim low with a settlement offer is commonly the first step. Settlements are just like bargaining at a market. One party makes an offer. The other party counter-offers. And the process continues until a settlement is reached. In the same way, insurance adjusters often start negotiation low but are willing to offer larger and larger sums until both parties reach a reasonable settlement price. Some adjusters, along with the insurance company, refuse to budge and deny reasonable settlement amount, which, unfortunately, often leaves victims wary of the time and money required to pursue the claim further.
When an insurance company either denies a claim or fails to offer a reasonable settlement, the victim of the accident must decide how to proceed. Although these actions by the insurance company make the case more difficult, the actions could just be an elaborate bluff by the insurance company to see if the victim will go away. Generally, if the victim wants to proceed and the attorney believes there is a legitimate claim, a personal injury attorney can and will file a lawsuit to begin the legal process of bringing a personal injury case to a trial. Because filing a lawsuit will require the defendant and the insurance company to respond and begin preparing for a trial, this tactic may result in further negotiations or settlement offers that may resolve your case.
If you or someone you know has been involved in a car accident, don't hesitate to Contact Us at Minick Law, P.C. for a free consultation with an experienced personal injury attorney about your case.
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