The Truth About Hiring An Attorney For Your Personal Injury Accident Claim
The insurance industry’s own research has proven that people who are represented by a personal injury attorney end up with settlements that are almost three and one-half times more than people who try to settle with the insurance company on their own.
In 2004, the Insurance Research Council, a research organization created and funded by the insurance industry, did a comprehensive study comparing the value of settlements people receive for the same injury when they were represented by an attorney versus when they did not have a lawyer. The Insurance Research Council determined that people who were represented by an attorney received almost three and one-half times more, even after the attorney’s fees were paid.
In 1995, a national insurance company produced a training manual for its claim adjustors. This document stressed the importance of convincing claimants to represent themselves and not retain an attorney. Why? It explained its position with a number of telling statistics: With settlements under $15,000 injured claimants represented by an attorney averaged $7,450 in a total settlement. Those who represented themselves to the insurance company averaged only $3,464.