Victims of motor vehicle accidents in Gastonia, NC may be eligible to receive compensation, in the form of a settlement, from the insurance company of the at-fault driver. What many people don't know is that most Personal Injury cases settle outside the courtroom. There are two reasons why most don't go to trial: first, because taking PI cases to trial is both costly and time consuming for all involved and, second, because it's easier for the victim and insurance agency to agree upon a fair price for compensation. However, some Personal Injury cases aren't reached through settlement. Here's why some Personal Injury cases in Gastonia, NC 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 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.
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 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.
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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Looking to find the best Personal Injury Attorney in Gastonia?, then visit www.minicklaw.com to find the best Personal Injury Attorney for you.
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