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There are so many different scenarios that play out on television regarding cases that have been brought to trial. Whether it is a Hollywood reality show or your favorite crime drama, you soon learn the basics of trials, judges, and juries. In real life, how do insurance companies determine what a fair bargain is for all parties involved?
It all starts with your personal injury lawyer. You need one that will work for you and defend you to the insurance company. While these insurance claims adjuster sure can be intimidating to the average person, they don’t hold their own when confronted with a personal injury lawyer that knows what they are saying and doing.
You pay your premiums each and every month only to have them not help you in an accident; this happens all too often and there is nothing you can say or do to change their minds. The only option you have when an insurance company won’t pay is to clearly find a personal injury lawyer that works for you.
When a personal injury claim is filed, the insurance company will use money from a reserve fund. This is just a lump of money that is set aside for claim payouts. The amount you are granted is determined from the beginning of your claim and it’s hard to change this amount for any reason.
Why is this reserve fund number important?
Because insurance companies are there to make a profit, they have to be governed by a board as well as shareholders who support the company and these companies have to answer to those invested. It’s the job of the insurance company to pay out less than what is in the reserve so they can show that the reserve is in good standing when reports are issued to their shareholders and board members.
When you hire a personal injury lawyer, their job is to prove to the courts that the insurance company needs to pay out more than what they have offered you.
Call a Lawyer
When your insurance company makes you an offer after an accident, you may want to make contacting a Personal Injury Lawyer in Cambridge, as your first step. Having someone on your side to sort through the writing and understand the fine lines will only help you in the end. Your personal injury lawyer will go to bat for you when you need to have someone on your side. The insurance company will make it difficult for you to determine what you should accept and what you shouldn’t. In some cases, you may begin to doubt yourself and what happened and in the end, you have nothing to show for it but the original settlement you accepted because you didn’t feel that you deserved or needed more.