Anyone who is injured in an accident in which an insurance company is involved is likely to have to interact with the insurance adjuster. At The Law Offices of Larry H. Parker we find that many people do not know who these adjusters are, what they do, and whose side they are on. Read on to get the answers and then contact us at 800-333-0000 for a free legal consultation if you are being offered a settlement from said adjuster.
The job of an insurance adjuster
The job of an insurance adjuster, on paper, is to investigate the facts of an accident to determine how much a personal injury case is worth. However, remember that these adjusters do not work for you and they are not unbiased – they work for the insurance company. As a result, they are likely to look for ways to reduce claims and many not offer a fair settlement.
However, insurance adjusters are also looking for ways to find a settlement agreement that prevents a personal injury lawsuit. It is much less costly to settle a claim out of court rather than taking it to court. Not only are there costs associated with a jury or judge trial, but the insurance company could end up paying millions on a claim that could have been settled for much less.
What to expect from an insurance adjuster
In most cases, an insurance adjuster is going to try and get you to accept the lowest possible settlement. Generally they will set a maximum amount that they would pay on a given case and their first offer may be as low as 25% of that amount. They are then able to negotiate with the injured party or their personal injury attorney.
The adjuster is likely to use the same metrics a jury would when deciding what damages to pay. For example, in a car accident they would likely consider the property damage to the vehicle, medical bills (including future projections), lost income, and pain and suffering. Some of these amounts are easy to obtain, such as past medical bills, but others are more challenging. It is often future medical bills or pain and suffering that an insurance adjuster and a personal injury attorney will disagree on.
Never accept a personal injury settlement from an adjuster without talking to an attorney
It is always worth it to at least contact a personal injury attorney to find out what your options are. At The Law Offices of Larry H. Parker we offer a free legal consultation that allows you to find out what your options are. If we decide to take your case, our fee comes out of your settlement amount of judge or jury recovery. As a result, there is no upfront cost and no risk. Contact us at 800-333-0000 to get started.