If you or a family member was involved in an accident and sustained an injury, you may wondering if you need an injury attorney to represent you in your case. In some situations, you many further be questioning the need when a friendly adjuster from an insurance company reaches out to you an express a genuine desire to resolve your case for a ‘fair value’.
Perhaps you’ve never been involved in an accident before and just want to ‘see how things go’? Your decision as how or if to pursue a claim following an incident involving an injury is certainly your business.
While it may be true that in some incidents involving personal injury, the victim would receive some type of financial award through an insurance claim or even directly from the responsible party, there is mounting evidence that the amount they would receive would be much higher if they had retained an attorney.
A large study and another separate report done by the Insurance Research Council (IRC) points to payouts that were much higher when the injured party was represented by an attorney. Another study presented by the All-Industry Research Advisory Council (ARAC) points to the same conclusion, making it evident that when it comes to personal injury claims, having an attorney on your side can make a large monetary difference when it comes to the value of your case.
The IRC study surveyed 6,000 people who had been injured in auto accidents to determine the types of injuries, treatment, economic losses and reimbursement they experienced. One of the details of this survey and study revolved around the settlement amount that victims received from insurance companies.
The results were eye-opening to many, though not to most personal injury lawyers or insurance companies. Victims who had an attorney on their side received settlements of an average of 40% higher than those who went it alone. This is a large discrepancy that shows the value of having an attorney to fight for the victim in any personal injury accident.Report: Auto Injuries: Claiming Behavior and Its Impact on Insurance Costs
In a separate report issued by the IRC, once again the agency looked at the relation between insurance payouts for auto accident injuries and how it was tied to attorney representation. The report has even more staggering numbers than the study.
In the report, the IRC estimated that 85% of all money paid out for bodily injury claims by insurance companies are paid to victims with an attorney representing them. In addition, when they looked at the total amount paid out on all auto injuries claims, those with attorneys were paid 3 ½ times more than those who did not hire an attorney. That the difference of $10,000 versus $35,000, a drastic impact.
Although seemingly unfair to the victims, it shows that insurance companies will take advantage of the situation when victims do not have anyone that is fighting for their legal rights.Study: Attorney Involvement in Auto Injury Claims
In another study done by the All-Industry Research Advisory Council (ARAC), the researchers looked at the correlation between economic loss and hiring an attorney. It also revealed the difference in payouts when a lawyer was hired and when they were not. First off, those with larger losses were more likely to hire an attorney. Secondly, similar to the IRC study and report, the ARAC study found that when an attorney was hired by the victim they received a significantly larger settlement.
For example, victims with attorneys received $1.59 per dollar that was lost due to the accident, where those without a lawyer only received $1.26. In a $20,000 claim, the difference is about $6,600 and in a larger claim of $100,000, that is $33,000 and it only increases from there.
All these studies and reports point to the fact that having a legal team on the victim’s side when they are fighting for compensation in a personal injury case will almost always result in a much larger settlement. Insurance companies would prefer that the general public did not know these facts as it will cost them millions of extra dollars in payouts.
However, for anyone who has been injured due to the fault of someone else in an auto accident or other personal injury, it is in their best interest to find an experienced personal injury attorney to fight for the compensation that they deserve.Are you ready to get an experienced personal injury law firm working for you?
By now you likely recognize the importance of having a lawyer to help you with your injury case. You may be overwhelmed by the number of attorneys touting different types of slogans and experience (we regularly hear this from clients). Before you hire a law firm consider the following:
- Does the lawyer work in personal injury law exclusively?
- What type of experience does the law firm have your particular type of accident?
- What is the law firm’s success rate with your type of case.
- Is the law firm familiar with your injury?
- Does the law firm seem attentive to your needs?
- Has the law firm earned the respect of their peers in the legal community?
When you’re ready to hire an aggressive and always ethical legal advocate for your injury case, contact Rosenfeld Injury Lawyers. Our team represents people from all walks of life in matters involving: serious personal injury, auto, medical malpractice, work accidents, product recall cases and nursing home abuse cases. Put our experience to work for you. We always offer free, no-obligation consultations. (888) 424-5757