Lawyers How They Negotiate Personal Injury Settlements
Below is a MRR and PLR article in category Reference Education -> subcategory Legal.
How Lawyers Negotiate Personal Injury Settlements
Overview
If you've recently been injured in an accident that wasn't your fault, you may feel overwhelmed by the number of lawyers available to help. Many people seek legal assistance to protect their rights and ensure fair compensation for lost wages, medical expenses, and pain and suffering.
The Role of Lawyers in Personal Injury Cases
Initial Steps
After an accident, it's common to hire a lawyer even before settlement talks begin. Legal representation helps in securing compensation for vehicle repairs and other damages. Typically, settlement negotiations start once you've completed medical treatment.
Negotiating with Insurance Companies
Once medical treatments are finished, lawyers engage with the insurance company of the person responsible for the accident. They review medical bills, doctor reports, lost wages, and more to estimate a fair compensation amount for pain and suffering. With your consent, they'll present a proposal to the insurance adjuster, often receiving a counteroffer within 30 days.
During negotiations, your lawyer will discuss any offers with you to see if a fair settlement can be agreed upon. If the initial offer is unsatisfactory, your lawyer will counter with a revised proposal, aiming to find a balance between the adjuster's low settlement goal and your right to adequate compensation.
Achieving a Settlement
Negotiations involve several rounds of letters and calls until a reasonable settlement is proposed. While lawyers can't make decisions for you, they can advise on whether an offer is fair and discuss potential outcomes if the case goes to trial.
Out of Court vs. Trial
Most personal injury cases are settled out of court to save time and money. Trials can significantly increase attorney fees and court costs. Attorneys receive a predetermined percentage of the settlement, which increases if the case proceeds to trial. Therefore, choosing a knowledgeable and sincere lawyer is crucial.
Disclaimer
This article is for informational purposes only and should not replace professional legal advice. If you need legal assistance, consult a qualified lawyer in your area for guidance.
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