7 Reasons To Hire a Lawyer To Negotiate with Insurance Companies

7 Reasons To Hire a Lawyer To Negotiate with Insurance Companies

Do you have a legal claim after an accident or natural disaster? Do you need to file a lawsuit to get compensation for your injuries or property damage? How much do you stand to get as a settlement? If these questions sound confusing, hiring an attorney is probably your best bet. While most people think that lawyers are expensive, they are worth every penny when it comes to dealing with insurance firms. This article will discuss seven reasons you should hire a solicitor when dealing with these companies.

1. Negotiating Isn’t Easy

Insurance companies specialize in settling claims, not in paying them. Therefore, they understand their business and the legal system better than you do. This puts you at a disadvantage. These agents are trained to ask you questions that get them the information they need to deny your claim. In most cases, they’ll ask leading questions and use the information against you. This is one of the reasons why hiring a solicitor to negotiate is critical. A good attorney will know how to deal with the firm, so they cannot use this information against you.

2. Unfair Settlement

Unfortunately, there is no easy way of knowing how much you will get. And you cannot base your expectations on how much compensation other people have received in similar cases because each case is unique. There are many factors that go into determining the amount of a settlement, including the type of injury, your medical condition, how long it’ll take to recover, the severity, and the amount you incurred on medical expenses. In most cases, these firms always base the amount of settlement on their risk assessment. It’s also why they want to get as much info from you as possible. Based on what you say, they assess the amount of reimbursement from the risks involved in paying you. If you have a good attorney, they will help you to negotiate based on your actual medical condition. This way, you will get a decent amount.

3. They Have Their Own Agenda

These firms have a legal obligation to pay the claims of their policyholders. However, their number one priority is to keep the shareholders happy by making as much profit as possible. This explains why they want to pay less.

4. Long and Tiring Process

These companies will try to drag out the negotiation process as long as possible. Often, it’s because they want to give you time to forget about your injury or frustrate you, so you will no longer care about receiving the payment. If you do it independently, they might take time to respond to your negotiation request. Unfortunately, there is not much you can do since you don’t have any leverage. A solicitor, on the other hand, knows how to pressure them to settle the claim fast.

5. They Have the Upper Hand

Since they often have more information than you, they’ll have the upper hand. Without an attorney, all you know is the amount incurred for medical expenses, the type of injury you sustained, and your future treatment plans. On the other hand, the agents know about the actual value of your claim. Having a solicitor allows you to use their knowledge to your advantage to get compensation.

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6. It’s Your Legal Right

In the U.S., you have the right to hire a solicitor before you file a lawsuit. Accordingly, even if you don’t intend to go to court, it is vital to have one during the negotiation process. This is because they will use the same tactics on you as they would on someone who is suing them.

7. Better Chances for a Huge Reimbursement

There is no way of knowing how much money you can get until you negotiate. Unfortunately, insurance corporations will most likely offer less than what you expect. A good attorney will try to get the best settlement amount for their client. They have a better chance of convincing the company to pay more.

Negotiating with these firms can be stressful. However, with the right attorney, you can rest assured of fair reimbursement.


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