Riverside California Personal Injury Attorney
Most major insurance companies are publicly traded corporations that have an incentive to reduce costs in order to earn a profit for shareholders. In fact, in order to earn a favorable rating from Moody’s or Standard & Poor, insurers must maintain a three to one premium to surplus ratio: for every three dollars underwritten an insurer should have a dollar on hand to pay losses. As a result, insurers have a financial incentive to minimize claim payments where it’s possible to do so.
Demanding Compensation Proportional to Your Injuries
As a result of an interest in maximizing profits, insurance companies employ a number of tactics to minimize claim payments. For example, a claims agent may contact an injury victim shortly after a car, bicycle link to www.jlewislaw.com/motor-vehicle-car-accident-claims/, or slip and fall accident link to www.jlewislaw.com/premises-liability-claims/. Since these kinds of accidents often result in soft tissue injuries involving whiplash, torn muscles, herniated discs, and torn ligaments, it can take weeks – if not months – for the full impact of an injury to become evident.
However, if a claims agent can get you to settle quickly, he or she can save the insurance company money later when it becomes clear your injuries are more serious. Most claims settlements obligate you to accept the amount offered with the understanding you won’t take legal action later.
Similarly, a claims adjuster may call link to http://injury.findlaw.com/car-accidents/car-insurance-claims-dos-and-don-ts.html and ask to talk to you, appearing concerned that you are okay and your needs taken care of. In the process, however, you may be asked questions about your health, your medical history, and what you remember of the accident. In this way, the claims adjuster hopes you’ll say something that can be used against you later to reduce the amount of compensation paid to you.
Establishing the Serious Nature of Your Injuries
In order to establish the scope and nature of your injuries, a personal injury attorney may use any number of experts to bolster your case. For example, medical experts may be called to testify on your behalf, challenging the claims of the doctor who works for the insurance company.
Additionally, a life care planner or medical economist may be called to testify in order to offer cost projections regarding the cost of your future care and lost wages. A loss in quality of life may also be brought to bear through a day-in-the-life video and personal testimony that documents how your injuries have affected your life and family.
Contact Riverside Personal Injury Attorneys at Jon Lewis & Associates
If you’ve been seriously injured in a car, truck, work, or slip and fall accident, contact Riverside personal injury attorneys at Jon Lewis & Associates. We have the resources and experience needed to hold those responsible for your injuries financially responsible.