Many individuals believe that in order to receive compensation following an accident, one must file a claim and go to court. However, this is untrue. In actuality, the majority of personal injury cases are settled out of court by the injured party, the party who was at fault for the accident, or the party’s insurance in return for a monetary payment and a release of all future claims against that party. 

Even though most people are advised to work with a skilled Hillsville Personal Injury Lawer when seeking to resolve a personal injury claim, situations where there are only common injuries or less severe property damage are frequently manageable by claimants on their own.

The arbitration procedure

In a legal case, a settlement can technically be reached at any point after the parties involved have decided to proceed to trial. However, the majority are settled after the injured party’s insurance company submits a demand for settlement. The insurer of the responsible party has three options: accept the order, present a counteroffer, or make no offer. The settlement procedure may take several months to complete if attorneys do not represent the parties. However, accident victims with relatively minor injuries may choose to pursue compensation by themselves without the assistance of a lawyer.

Advice for resolving claims

Those who have chosen to proceed with their personal injury claims by themselves by engaging in settlement negotiations without an attorney’s assistance must first perform the following actions:

• Investigating the incident and gathering proof of liability and losses.
• Locating all those accounts.
• Calculating the total cost of medical expenses, property damage-related costs, and missed wages to determine the degree of the losses incurred.
• After the claim is submitted, talk with the insurance broker to find out what the business is willing to pay.
• Creating a demand letter in which the plaintiff asks for a certain sum of money and provides justifications for the other party’s liability; and
• negotiating a settlement mostly with the insurer, who might not accept the initial demand letter’s amount but might provide a lesser counteroffer.

A claimant should study the litigation costs if, after following all of these measures, they decide that going to court is the only option to resolve their dispute. There are court costs, administrative fees, and a chance of further revenue loss. However, managing these activities without legal assistance can be challenging.