Updated on: 9/3/2015
All personal injury cases are different in one way or another. Naturally, the higher the damages – especially when it involves pain and suffering damages, where the exact dollar amount can be much more difficult to determine – the more complex the process of the case can be.
Unlike with property damage or medical bills, there is no fixed price tag that determines how much a person should be compensated for the amount of pain they have suffered. And in the end, filing a lawsuit may provide the added pressure necessary to increase the value of the claim.
The insurance adjusters typically have the notion that the injured person is trying to attribute every single ounce of pain and suffering to the incident in question. Since insurance adjusters deal with a ridiculous number of cases on a daily basis, they essentially become conditioned to be skeptical about each and every personal injury claim that they come across.
Insurance Companies are Seeking Profit
It’s important to be realistic and understand that insurance adjusters and defense attorneys work for an actual company and their job is to collect insurance premiums and pay out as little as possible in return in order to generate profit.
From a layman’s point of view, insurance companies may have an obligation to provide coverage to their insured, we really should be surprised at the times that an adjuster comes up with a reasonable offer of compensation to an injured person.
When the economic and non-economic damages are both relatively high in a serious injury case, attorneys are more likely to file suit in order to place added pressure on an insurance company that does not want to pay out any more money than it needs to in order to settle a claim. It seems like a frustrating circle for both sides, and since these cases become more and more expensive as the process is prolonged, reaching a settlement before trial would be beneficial to both sides in order to avoid the high costs of pursuing a lawsuit.