Understanding a personal injury settlement is an important part of getting the compensation that a person is entitled to. Generally speaking, an individual is likely to be dealing with the other party’s insurance company. Because of this, it is a good idea for the injured individual to have a competent attorney at their side. An insurance company will be interested only in spending as little money as possible. Because of this, the initial settlement offer is likely to be 50 to 75% less than what the individual is actually entitled to. It is important to understand that a settlement can be reached at any time during the case before a verdict has been delivered.
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personal injury claim settlement
Understanding how insurance companies handle claims is crucial if an individual is going to file a personal injury lawsuit. Personal injury insurance claims and insurance companies go hand-in-hand since they almost always involve an insurance company of some sort. For example, if an individual sues after being involved in an automobile accident, the other driver’s insurance company will be involved. If a person is injured while undergoing a medical procedure and finds that is necessary to begin a medical malpractice lawsuit then the doctor’s insurance company will be handling the matter. Likewise, homeowners insurance will be involved if a person is injured on another individuals property.