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.
Many personal injury cases in Gastonia, NC fail to settle because the insurance company denies the claim. This happens generally happens after the insurance company conducts an investigation of the car accident and evaluates the validity of the victim's claim. Thus, the insurance adjuster analyzes the vehicular accident and decides that the insurance company is not legally required grant settlement money to the victim. If the claim is denied, the insurance company will also refuse to negotiate any further with the victim. Notice here, though, that the investigator is an employee of the insurance company and is, therefore, inclined to favor the insurance company and not the victim. Many claims are denied, then, but that doesn't mean they aren't valid claims.
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.
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 cases in Gastonia, NC fail to settle because the insurance company denies the claim. This happens generally happens after the insurance company conducts an investigation of the car accident and evaluates the validity of the victim's claim. Thus, the insurance adjuster analyzes the vehicular accident and decides that the insurance company is not legally required grant settlement money to the victim. If the claim is denied, the insurance company will also refuse to negotiate any further with the victim. Notice here, though, that the investigator is an employee of the insurance company and is, therefore, inclined to favor the insurance company and not the victim. Many claims are denied, then, but that doesn't mean they aren't valid claims.
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.
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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