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 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.
Another reason personal injury cases fail to settle is due to an inadequate settlement amount offered by the insurance adjuster. Typically, extending a low settlement offer is a common first step in negotiations by an insurance adjuster in order to limit the payout. However, most insurance adjusters will use that number as an initial offer and are willing to negotiate up to an amount that works for both parties. In certain rare situations, either due to the adjuster's attitude or negotiation style, the adjuster will refuse to budge and offer a reasonable settlement. Because of this, the insurance company refuses to negotiate a reasonable settlement and the victim decides that it is not worth 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.
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.
Another reason personal injury cases fail to settle is due to an inadequate settlement amount offered by the insurance adjuster. Typically, extending a low settlement offer is a common first step in negotiations by an insurance adjuster in order to limit the payout. However, most insurance adjusters will use that number as an initial offer and are willing to negotiate up to an amount that works for both parties. In certain rare situations, either due to the adjuster's attitude or negotiation style, the adjuster will refuse to budge and offer a reasonable settlement. Because of this, the insurance company refuses to negotiate a reasonable settlement and the victim decides that it is not worth 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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