One of the most common pieces of advice people get immediately after a personal injury accident is that they should not talk to any insurance company except their own. While it is true that you should only allow an experienced attorney to speak to an insurance company on your behalf, it is good to understand why this advice is so common. There are several practical reasons why you should not contact the other party’s insurance company on your own after an accident.
The Settlement Is The Thing
An attorney is going to take the time to assess your injuries and determine what kind of compensation you will need to recover from your injuries and get back to a high quality of life. It takes time to calculate that number, and it requires consideration of many different factors.
An insurance company is going to try to get you to settle for the smallest amount possible, regardless of what your actual financial needs may be. The insurance company did not do any calculations on your behalf, and the insurance company is only interested in minimalizing your settlement.
The Decision Is Final
The settlement you reach with the insurance company is final, and it can be extremely difficult to overturn in a court. If that settlement is reached through your attorney, then you can rest assured that all of your needs were taken into consideration. But if you reached the settlement on your own and you find out later on that it was not enough to cover all of your damages, then that is the settlement you are going to have to accept.
Negotiations Can Be Difficult
In most cases, the plaintiff in a personal injury lawsuit or insurance claim has never been through the process before. They don’t really know what to expect, and they have no experience in negotiating a proper settlement with an insurance company.
An experienced attorney deals with settlement negotiations on a daily basis, and their experience can be invaluable in making sure that your side of the story is properly represented. When it comes to personal injury claim negotiations, you want a seasoned expert on your side who has been through the process before to get you the best results.
The Process Is Sometimes Complicated
Just because you have reached a settlement with an insurance company does not always mean that your check is in the mail. Insurance companies will take as long as they can to get you your settlement payment, and you need an attorney to help keep the insurance company bound to the settlement they signed.
The Insurance Company Has Lawyers
The insurance company on the other side of the table in your personal injury lawsuit has a team of lawyers that handle these situations regularly. If you want to get the best results, then you need a lawyer on your side to help level the playing field.
If you are ever involved in a personal injury accident, then it is your obligation to report the incident to your insurance company if that kind of notification is required. However, you are not obligated to talk to the other side’s insurance company. It is best to leave the conversation with the other insurance company to the experts who know how to get you the settlement you deserve.