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The results of a 1999 study from the Insurance Research Council (IRC) suggest that hiring a personal injury attorney pays significant dividends for accident victims pursuing an auto insurance claim. According to the Consumer Panel Survey of Auto Accident Victims, “Paying for Auto Injuries,” settlements were 40 percent higher with attorney representation than without it. As a result, there has been an increase in the number of people who hire an attorney to handle their insurance claims.
Another report from the IRC titled “Auto Injuries: Claiming Behavior and Its Impact on Insurance Costs,” analyzes how lawyer representation relates to compensation from insurance companies for injury victims. The conclusion was that 85% of all the dollars that are paid out by insurance companies for bodily injury claims are paid to clients who have hired an attorney to represent them. Furthermore, the IRC found that insurance payouts are, on average, 3.5 times higher for clients who have hired an attorney than for those without one.
You were involved a motor vehicle accident; shortly after you receive a call from the insurance company of the person who caused the collision. The common perception, especially if you have never been involved in this situation, is that you will be treated fairly and insurance companies look out for your best interest. After exchanging some information, you receive a settlement offer. You are asked to sign a full and final release, which will conclude the case and you will receive a payment, but will that payment be enough to compensate you for your damages and losses? Most of the time it is not even close to being fair and adequate compensation for your damages and losses.
At Kim Welch Law, we often get asked about situations like the one described above. Our professional advice is to be very careful in those situations. If you truly did not sustain any injuries from the car accident and you are positive that you have no residual pain or complications, then you probably do not need legal representation. If were injured in the accident and continue to have pain, your case might be worth a a larger settlement amount than what you are being offered. Here are only a few things that can impact your insurance claim:
According to recently released statistics by the Colorado State Patrol, there have been more than 9,200 car crashes, as of June 16, 2017, and almost 12% of those caused injuries or fatalities. From rear end collisions to rollover accidents to hit-and-runs, any of us can end up being a victim, and the damage car accidents leave behind can be immense.
Before an automobile collision, most of us don’t think about the true ramifications a crash can have on our family. After a collision, it becomes imperative to know your rights, including the right to be compensated for:
Injuries vary and can happen to virtually any part of your body. Depending on the circumstances of the collision and the severity of the impact, accident injuries can be visible, such as bruises, broken teeth, and cuts and scrapes, or invisible, such as pulled muscles, neck injuries, and spine or brain injuries.
With over 25 years of legal experience, including extensive experience as an attorney for the insurance industry, Kim Welch helps car accident victims in Colorado obtain compensation for damages and injuries. Why is having experience as an attorney for the insurance industry important for you? Well, that’s simple. Most people can figure out the law, but you need a lawyer for the loopholes.
Rear End Collisions