An Accident Lawyer in Orange Park Discusses How Insurance Companies Decide What a Case Is Worth
Many injury claimants wonder how insurance companies will value their cases. As an accident lawyer in Orange Park can inform you, the answer may be more complicated than you think.
Accident Lawyers in Orange Park Know How Insurance Companies Work
Accident lawyers in Orange Park know how insurance companies work. Initially, the claims manager or supervisor designates a set amount for your claim. This is called the “reserves.” The reserves may be more than what the insurance company actually thinks is the value of the case, and the amount can change as the case moves along. If the damage incurred in the accident was serious enough, the reserve could equal the “policy limits.” These limits are more than the cost of the liability the insurance company thinks it may have in your case, as outlined in the policy of the other driver or drivers.
The Insurance Company Will Communicate With Your Accident Lawyer in Orange Park
As your case progresses, your accident attorney in Orange Park will be notified about important developments, and will keep you informed about them as well. The insurer will also keep track of facts concerning your injury, such as medical bills and lost wages. If you were injured before in the same area as your current injury, the insurer will also want to see medical records of the previous injury.
You May Need an Accident Attorney in Orange Park
Insurance company policies can be extremely convoluted. In order to understand them, you may need the help of an experienced accident lawyer in Orange Park. Call John Fagan Accident Lawyers at 904-278-1000 to schedule a free initial consultation today.