Insurance negotiations can become extremely complicated in personal injury cases. Most victims hire an attorney to manage this process. Here’s how it works.
The strength of a personal injury claim is based solely on the evidence presented. Evidence is crucial for: - Proving liability - Quantifying damages - Justifying your claim - Maximizing compensation - Speeding up the claims process
In Wisconsin, there are several types of insurance coverage available. Here is a quick rundown of how it all works:
Auto insurance is mandatory in Wisconsin. Most plans include liability, uninsured/underinsured motorist coverage, along with options for comprehensive, collision, medical payments, and gap coverage.
Covers damage to your home/personal property in the event of fires, theft, storms, etc. It also provides liability coverage if someone gets injured on your property.
Covers personal property damage and typically involves a set amount of liability coverage.
Generally covers medical expenses, including doctor visits, medications, and surgeries.
Provides a payout to beneficiaries in the event of the policyholder’s death – which includes wrongful death.
Disability insurance will replace part of your income if you become unable to work due to a disability suffered on the job.
Business insurance covers risks including property damage, worker’s compensation, liability for customer injuries on the premises, and professional liability (errors and omissions).
- Policy limits - Deductibles - Exclusions Be sure to read up on these when purchasing an insurance plan.
If you get injured, insurance companies will review evidence including your medical bills, proof of lost wages, the severity of injuries, and more to determine the value of your claim.
This letter will describe the incident in detail, establish the at-fault party’s liability, and provide complete records of your injuries, medical treatments, and all losses incurred.
The insurance company will likely start with a lowball settlement offer. You and your personal injury lawyer must be ready to discuss why it’s insufficient to cover your damages.
If you enter insurance settlement negotiations, your attorney will be crucial in making sure you get the compensation you deserve.
Read the full post to learn more about navigating insurance claims.
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