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Tuesday, June 15, 2010

Settle Your Personal Injury Claim!

Your pre-existing injury and prior treatment, if any, can effect the value of your claim. If you have no pre-existing conditions related to your injury and you had no prior treatment for a similar injury, your claim will be worth more. If you are claiming a neck or back injury and you have had prior treatment for conditions involving your neck and back, or if you had prior claims involving injury to these body parts, an insurance company will offer less money to settle these claims. If you have an injury that will cause you to have pain and suffering in the future and cause you to incur future medical bills, this will add value to your claim. (Caveat: insurance companies don’t like future damages and have a tendency to downplay them.”)

As you can see, calculating the total amount of the value of your personal injury auto accident claim is not easy. Juries struggle with placing a price on things that do not normally carry a monetary value. Consider these things in your decision to litigate your personal injury claim.
Some insurance adjuster’s will make a commission on your claim, in the event that they settle your claim for less than the authority provided to them by the insurance company. Therefore, adverse adjusters under certain circumstances may have a monetary stake in your claim.

Most personal injury accident claims settle before litigation. In order for a personal injury attorney to successfully settle a personal injury claim, it is sometimes necessary for the attorney, the health care providers, and health insurance carriers to compromise their financial positions on a personal injury claim in order to provide adequate compensation to the injured party.



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