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5 Top Reasons for Seeing a PI Lawyer after an Accident

Posted on: April 14, 2017

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Some people believe they can keep more of their money by representing themselves instead of hiring a PI lawyer in negotiations with an insurance company and only hire an attorney if they must go to trial. There are five reasons thinking like that could be misguided and may cause them to leave hundreds of thousands of dollars on the table, which may be needed for such things as lost income, renovations to their home or vehicle to accommodate a wheelchair, prosthetic devices, in-home nursing care, and others.

The intent here is not to scare you away from self-representation in negotiations, mediation, or arbitration. We at Edwards & Patterson simply want you to know and understand the truth about negotiating with Insurance companies. That truth is most PI Lawyers will help you receive up to three times more compensation than you can get by yourself. Why do you think that is? Insurance companies know that 95 or 96 percent of all victims will settle prior to trial. They also know that you do not stand a chance against their expert negotiator, whether that is true or not is irrelevant. Because they think that, they will never offer you the same figure they will offer a PI Lawyer.

The Top 5 Reasons for Seeing a PI Lawyer after an Accident

#1 A PI Lawyer May Work Using a Contingency Fee

A PI Lawyer will usually work on a contingency fee basis, which means you will not have to worry about upfront fees. Their lawyer’s fee is contingent on their winning and how much compensation they receive for you. The fact that if you don’t get paid, they don’t get paid, gives them a better commitment to getting as much as possible for you. Generally, a PI Lawyer will get 25-40 percent of the compensation awarded, but the average is one-third. Therefore, many people believe they could do better if they negotiated with the insurance company themselves. This is far from the truth.

#2 Legal Representation in Negotiations with Insurance Companies

A PI lawyer will work for you. A PI lawyer handles these types of cases every day, which means they are already prepared for cases just like yours because they have seen it day in and day out. They are out there in the trenches negotiating settlements with reluctant insurance companies every day. They know the judges, the medical personnel who keep your records, and even who the insurance company is likely to use as an attorney if there is a trial.

#3 Knowledge of Similar Cases

A PI Lawyer knows how much every one of the similar claims in the area has settled for recently. You could almost never find this information on your own. This gives your attorney leverage power with the insurance company. Insurance companies have two or more sets of figures in mind when they set down with you or your PI Lawyer. The first figure will be given to your lawyer (often a low-ball figure); the second figure, which is much lower is for you if you come alone. The insurance adjuster already knows how much your medical expenses were and the approximate damage to your vehicle.

Both sets of figures have a first offer and a maximum figure and the truth is the figure for you alone is not even close to the figure they will offer your attorney, sad but true. They have no intention of getting anywhere near the maximum figures during the first meeting or even the first few meetings. Their focus is to keep as much money as possible for their stockholders. Whereas, a PI Lawyer’s objective is to get as much as possible for you, their client.

#4 A PI Lawyer Will Know Exactly How Much Your Claim is Worth

A PI lawyer will know what your claim is worth before they ever sit down and begin negotiations with an insurance company. A PI lawyer understands the subtleties of the specific injury case, how much every week of missed work is worth, the approximate price of long-term, in-home care is, if necessary, car repair or replacement, and rental fees. Your lawyer will help you get the most out of your claim. They are there to help you.

#5 A PI Lawyer Will Prepare the Paperwork

A Personal Injury lawyer will help you prepare for the case so that you will be ready by the date and time of your court appearance if there is one. That is the goal of both sides, to avoid a court appearance. Which means more money for you if there are no court costs. However, Edwards & Patterson are known as hard-nosed negotiators who are not intimidated by a court appearance, which makes it much easier to negotiate a settlement.

“We care. We fight. We win!”

At Edwards & Patterson that is not just our mantra or “campaign slogan” that is our pledge to you. With many PI Lawyers, the main objective is to make as much money as possible, ours is to get as much money as possible for you. Sure, those two often go together; yet, we are concerned that you have the compensation you need to cover future medical expenses and necessities. Give us a call today, 877-402-7308. Or, use our contact form and one of our associates will reach out to you as soon as the office opens.

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  • Contact Edwards & Patterson Law Firm today for a free consultation.
  • Contact Edwards & Patterson Law Firm today for a free consultation.
  • Contact Edwards & Patterson Law Firm today for a free consultation.
  • Contact Edwards & Patterson Law Firm today for a free consultation.
  • Contact Edwards & Patterson Law Firm today for a free consultation.
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918-302-3700

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