Do You Really Need A Lawyer For Settlement Of Insurance Claim?
|Do You Really Need A Lawyer |
For Settlement Of Insurance Claim?
When you have a claim to settle from an insurance company, there are a number of things that run through your mind.
The chief amongst them is whether you need to hire a lawyer or not.
Both the sides have equal advantages and it all depends on your point of view and preference.
If you hire a lawyer, things would be smoother and easier without complications.
Plus, you don’t have to do any work except paying the lawyer. However, if you avoid a lawyer, you have to work extra hard to make up for the absence of an expert.
But the main point in favor of this is the money you would spend when you hire Los Angeles personal injury attorneys. The following points should be given due consideration before you make a decision :
- Benefits Of Lawyers
The benefits of hiring a lawyer are not only qualitative but also, quantitative. You would not only get an expert advisor to rely on but, your settlement amount would potentially increase as well since the lawyer gets a commission out of it.
This is because the lawyer would negotiate with the company and make sure that you get what is due to you. If the amount is less than what he thinks you deserve, he will sue the insurance company. You can later recover your money from the court.
- Settlement SizeIt is all a question of opportunity cost. Basically, you have to decide the monetary implications of not hiring a lawyer. A lawyer would definitely increase your settlement amount so that his fee is covered in it. However, you need to decide whether you are left with enough settlement money after his fee or not.
Compare this with the lower but full settlement amount you would have received if you had not employed a lawyer. You will get your answer in numbers.
- Case Necessity
Blindly hiring a lawyer is a loss making idea because then it won’t pay off. Your case needs to demand a lawyer. Is it something that is so complicated that you can’t handle it yourself? Is there a lot of technical stuff involved?
These are the questions that would need ‘yes’ as an answer to justify a lawyer’s presence. Otherwise, you are just wasting money by hiring an expert for a simple case that could be handled equally well by yourself.
- 4. Other Considerations
In case of personal injury, usually both the parties are at fault. However, one party is more at fault than the other. If the discussion is complicated and the negotiations are becoming difficult, a lawyer could be helpful in such a case. They would simplify matters because of their technical expertise on the insurance laws.
However, hiring a lawyer also means that settlements go for a longer time. The finalization is stretched on because of offers and counteroffers.
If you do not hire a lawyer and simply settle it yourself, it would be much faster and easier to close.