Articles Posted in General Massachusetts Insurance Information

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How Insurance Companies Value Personal Injury Cases

How insurance companies value personal injury casesAlthough no two insurance companies have the same approach, there are some common elements on how insurance companies value personal injury cases.  Here are some, but not all of them:

1) Is liability on the part of the insured person(s) or company clear, and if not, is there any liability at all? An example would be a a slip and fall accident claim.  The insurance adjuster will closely analyze and evaluate whether or not the insured could be considered negligent in causing, or contributing to the accident.

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Each and every day Massachusetts auto insurance companies, upon learning of an auto accident in which they may have to pay out money damages, will send an insurance adjuster to the home of the injured party and attempt to have him/her sign a release.  The insurance adjuster shows up, big smile, and explains there is no need to get a lawyer.  Then, as is very common, the adjuster will offer some small money, maybe $500, maybe $1000, to the injury victim in order to settle the case as quickly as possible. 

This scenario gets me upset - and I see it all the time - because most people, after an accident, don't know their rights, unless he/she first speaks with an attorney.  The insurance adjuster know this, and capitalizes on it, in order to save the insurance company money (better for the insurance company to get rid of case fast before it has to pay out much more money when an attorney becomes involved in the case).

By signing a release without first speaking with an attorney basically guarantees that you are severely limiting your rights and potential compensation.  Do not sign ANYTHING the adjuster gives to you.  When the adjuster (still with the big smile) tells you there is no need to get a lawyer, tell him or her that you disagree.  End the meeting, and find a lawyer to consult with about your rights, should you be injured in a car accident in Massachusetts. 

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Each and every day Massachusetts auto insurance companies, upon learning of an auto accident in which they may have to pay out money damages, will send an insurance adjuster to the home of the injured party and attempt to have him/her sign a release.  The insurance adjuster shows up, big smile, and explains there is no need to get a lawyer.  Then, as is very common, the adjuster will offer some small money, maybe $500, maybe $1000, to the injury victim in order to settle the case as quickly as possible. 

This scenario gets me upset - and I see it all the time - because most people, after an accident, don't know their rights, unless he/she first speaks with an attorney.  The insurance adjuster know this, and capitalizes on it, in order to save the insurance company money (better for the insurance company to get rid of case fast before it has to pay out much more money when an attorney becomes involved in the case).

By signing a release without first speaking with an attorney basically guarantees that you are severely limiting your rights and potential compensation.  Do not sign ANYTHING the adjuster gives to you.  When the adjuster (still with the big smile) tells you there is no need to get a lawyer, tell him or her that you disagree.  End the meeting, and find a lawyer to consult with about your rights, should you be injured in a car accident in Massachusetts. 

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This story is from today's edition of BostonGlobe.com:

After fall, insurers’ auto rates up again

New competition isn’t guaranteeing price cuts

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Health Insurance Liens and Your Personal Injury Case

If you have been involved in a personal injury accident in Massachusetts, and your health insurance company has paid some, or all of your medical bills relating to your accident, then they are entitled to be paid back if you receive a settlement.  The money they are paid back comes out of the settlement.

This is often referred to as a ‘lien’ or a ‘right of recovery’ that your health insurance carrier has, by law, against the money that you recover from the accident.  Often, your attorney can reduce the amount that you owe to the health insurance carrier.  Many times, the health insurance carrier will take a 1/3 reduction of their lien to reflect the attorney’s fee that you must pay out of the settlement.  At times, the 1/3 reduction of the health insurance lien can be reduced even more by your attorney.

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I found a great answer to this question over at the Texas Injury Law Blog.  Here it is:

If you have been injured in an accident, you may benefit greatly from the services of a personal injury lawyer. First and foremost, a personal injury lawyer can determine whether or not you have a case. Your attorney will be able to determine who was at fault for your accident and inform you of whether you have a strong basis for a personal injury lawsuit.

A personal injury attorney can help ensure that you do not lose your right to bring your claim by making sure you file your personal injury lawsuit before the statute of limitations has run. Your lawyer will be an expert on Texas’s personal injury law and can make certain that you do not lose your legal right to compensation because of a procedural error.

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I found a great answer to this question over at the Texas Injury Law Blog.  Here it is:

If you have been injured in an accident, you may benefit greatly from the services of a personal injury lawyer. First and foremost, a personal injury lawyer can determine whether or not you have a case. Your attorney will be able to determine who was at fault for your accident and inform you of whether you have a strong basis for a personal injury lawsuit.

A personal injury attorney can help ensure that you do not lose your right to bring your claim by making sure you file your personal injury lawsuit before the statute of limitations has run. Your lawyer will be an expert on Texas’s personal injury law and can make certain that you do not lose your legal right to compensation because of a procedural error.

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