PORTLAND, OR, February 08, 2014 /24-7PressRelease/
-- Should I handle my personal injury claim on my own? Many times the answer is you can, but should you? How much value can an Oregon personal injury attorney bring to your injury claim? The answer, studies have shown, is a lot of value.
You've probably heard that when you've been in a car accident, insurance companies will try to low ball you and convince you to accept a small settlement. What's worse, they will get you to release any claims against them with a simple signature. By the time you realize what you've done, it's too late--you've signed away your right to a fair settlement.
You've probably heard the horror stories of insurance representatives showing up at the hospital or someone's house to get a quick signature. While those stories are rare, insurance companies are even more savvy these days. For the most part, those heavy handed tactics are a relic of a bygone era. Today, insurance companies come off as much more reasonable, much more fair, and they are therefore much more likely to get your agreement on a bad settlement.
Unless you have a personal injury attorney
fighting for you, that is. You probably intuitively know that an Oregon personal injury attorney who handles car accident injuries and other injury cases all day every day has a better chance at seeing the insurance company tricks and protecting you. You probably also understand that a skilled car accident lawyer knows how to build your case and present to the insurance company not only in the best light possible, but in a way they can understand.
But how much difference does it make? If I have to pay my attorney a contingent fee - meaning I'm giving up part of my recovery if my attorney is successful - what is my return on that investment? How does this translate into dollars and cents?
Unfortunately, there is no easy answer to the question of how much monetary return you can expect to realize from hiring an Oregon personal injury attorney. There is no universal mathematical equation. Each case is different, each set of facts varies and different insurance adjustors within the same company may view a set of facts differently.
But, as someone who has been practicing in this area for years (originally as an attorney for the insurance companies), I can tell you that, by and large, an experienced personal injury attorney usually brings value to your case that exceeds the amount you have to pay out in back-end contingent fees.
There is statistical confirmation for what personal injury attorneys know from first-hand experience. The Insurance Research Counsel conducted a study involving 6,000 people who had been involved in accident injuries. The study varied the level of accident severity, type of injury, amount of work loss, and type and length of treatment. The findings? Injured victims who were represented by an attorney experienced at least a 40% increase in recovery in their insurance claims. An experienced accident injury lawyer will tell you that that number is likely to be higher, the more severe the injury.
Another report by the IRC concluded that 85 cents of every dollar paid out by insurance companies to victims of personal injury accidents went to victims who were represented by an attorney. Think about the magnitude of that statistic. On car accident injury insurance claims in particular, victims with representation were paid out 350% more than those who did not hire an attorney.
A study by the All-Industry Research Advisory Council pointed up the exact same conclusions. The ARAC study found that the more severe the injury, the more likely the victims was to hire an attorney. Those that did hire an attorney received much larger settlements on their injury claims than those that didn't.
Why is this? Why is it that insurance companies pay substantially more when an attorney is involved than when one is not? There are many reasons. Personal injury attorneys know insurance companies - especially attorneys who have worked inside insurance companies and know how they work from the inside. Personal injury attorneys know personal injury law, and that means they know how to package your case in the best possible light. Insurance companies know that experienced personal injury cases will call their bluff and take the case to trial if they do not make a fair offer to the injured victim.
All cases are different, but well-funded studies and common sense are in line on this one. You can go it alone and try and navigate your insurance claim
yourself, but there are good reasons why you shouldn't .
Contact Sarah Nelson toll free at 888-344-1932 or 503-928-8053 or send an email
to schedule your free, confidential consultation.