A Bloomington Injury Lawyer Explains Why Insurance Companies Won’t Automatically Settle Your Claim

If you have filed an injury claim with an insurance company, chances are you are hoping you can settle without a lawsuit. Unfortunately, this might not be easy, as insurance carriers try to avoid settling cases quickly. A Bloomington injury lawyer can help.

A Bloomington Injury Lawyer Dispels Common Myths About Insurance Company Settlements

Myth #1—The Insurance Company Will Settle If I Threaten to File a Lawsuit

As your Bloomington injury lawyer can explain, insurance companies are not afraid to go to court. They contract with defense attorneys for that sole reason. Also, a”litigation-shy” insurance company would soon be out of business. If word got out that an insurance company always settles to avoid the inside of a courthouse, they would be flooded with often frivolous claims. As a Bloomington injury lawyer knows, insurance companies use a risk/benefit analysis. If there is any question that the company is not responsible, they will easily pay $10,000 to defend a $3,000 claim. Your Bloomington injury attorney can further explain litigation costs.

Myth #2—The Insurance Company Will Settle Just to Close the Case

Certainly, adjusters like to clear files. However, as your Bloomington injury lawyer will inform you, they won’t do so for nothing. If a suit is filed, the adjuster merely sends the file to a defense lawyer.

Myth #3—The Insurance Company Has Unlimited Resources to Settle Claims

While your Bloomington injury lawyer would love this to be true, it simply is not. Remember—the adjuster is accountable to a supervisor. No settlement will be authorized if the adjuster can’t justify payment without supporting documentation. The adjuster’s job security will depend on it. Your Bloomington injury lawyer can work with the adjuster to provide supporting documentation in the form of witness statements, doctor’s records, expert reports etc., but settlement is not a guarantee by any means.

Contact a Bloomington Injury Attorney Today for Legal Assistance

Rely on an experienced Bloomington injury lawyer for a knowledgeable assessment of your case value. To learn more about your settlement options, contact McCarthy Rowden & Baker today at 800-373-6050 and schedule a free initial consultation.