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Charlotte Law Blog

Getting the Most Out of Your Insurance Settlement

On behalf of Randall & Stump, PLLC in Insurance Claims, Insurance Coverage on Monday, September 16, 2019

 

Extensive physical harm impacts many accident victims every day in Charlotte and throughout North Carolina. These accidents can catch people completely off guard. Our injury attorneys have worked on many cases resulting from car wrecks, work accidents, and injuries sustained by victims visiting the premises of other people or businesses.

We understand how a serious physical injury can affect every part of your life. One or several insurance companies may offer you a financial settlement after an injury. It’s important to understand that you have the right to negotiate or reject a settlement offer. Our legal team has negotiated with many insurance providers as we have sought to recover damages for clients who were injured through no fault of their own.

Contact Randall & Stump, PLLC to speak with a Charlotte accident lawyer about your injury and how you can get the most out of your insurance settlement. Our years of experience can help you secure an acceptable insurance payment that allow you to move on with your life. Contact our office in Charlotte today at (980) 237-4579 or use our online contact form.

Insurance Providers Want To Pay Out As Little As Possible

Insurance companies are businesses that seek to make a profit. Understanding how they work is essential if you are to get the most out of an insurance settlement. They know that in many cases they will be required to provide a financial settlement offer to an injured party. However, they will often aggressively seek to pay out as little as possible. Many of our clients are shocked when their very own insurance provider gives them a financial settlement offer falls far below their family’s needs in the aftermath of an accident.

Do not let a low settlement offer discourage you. The insurance company is just trying to get your case to end quickly and with as little expense as possible. However, our skilled injury lawyers consider low settlement offers as only the beginning to the negotiation process. The lawyers representing the insurance company are looking out for the company’s financial well being. Having experienced legal counsel working for you can help make sure that your settlement is enough to address your needs. The most important thing to hire a knowledgeable lawyer, and to not give up hope for a fair settlement.

How A Lawyer Can Help You Secure A Fair Insurance Settlement

Getting the most out of an insurance settlement offer requires building a strong case for your damages. This allows the insurance company to know that you understand the costs of your injuries, and that you require them to pay their fair share. When a skilled lawyer represents an accident victim, the insurance companies involved realize that they can’t end the case without paying reasonable compensation to the injured party. The last thing that an insurance company wants is to spend time at trial only to lose and be ordered to pay a huge sum in damages.

The legal team at Contact Randall & Stump, PLLC have negotiated with many insurance companies while representing our injured clients. Every injury victim seeking compensation must be able to show the damages that they sustained in their accident. Clearly demonstrating damages will make the insurance providers understand that we are able to take your claim to court if a fair settlement is not paid. While every case is different, some of the things we do to build a strong case for our clients include:

  • Work closely with medical professionals – Getting a reasonable settlement offer requires proving the extent of the victim’s damages. Your lawyer must work with your doctors to fully understand the medical attention you require and the long term costs of your treatment.
  • Review witness statements – Witnesses who saw your accident or witnessed negligence on behalf of the other party can be very informative. Their statements can help your lawyer illustrate what happened and who holds responsibility.
  • Study the scene of an accident – The location of an accident can yield valuable clues about how one or several parties acted negligently and caused harm to an unsuspecting victim. This can be highly technical and requires skilled legal counsel.
  • Demonstrate a victim’s limited ability to earn a living – Many accident victims cannot return to work for a long time after being hurt, and it can become impossible to pay normal daily expenses. Your lawyer must show how an insurance settlement needs to secure your finances while you recover from your injuries.

A Lawyer From Randall & Stump, PLLC Can Help You

Getting the most out of an insurance settlement requires building a strong case for your damages. Otherwise the insurance company will not fear being taken to court, and they’ll only offer you a small financial payment in the hopes that you accept and go away.

Do not hesitate to contact a knowledgeable personal injury lawyer who has years of experience negotiating with insurance providers. Your bills can quickly add up, and you might not be able to wait around too long for an acceptable damages payment. Building your case can take time, and North Carolina has a strict three year statute of limitations for cases involving personal injury. Your claim for damages can be dismissed from court if you wait too long to act.

Contact Randall & Stump, PLLC to speak with an accident attorney who understands how difficult your life can be after you sustain a serious injury. Our firm has represented many people in negotiations with insurance companies, and we know