When you are waiting to hear about a potential settlement offer, your personal injury attorney in Manchester may explain the pitfalls involved in the process. Additionally, your personal injury attorney in Manchester might warn you about common tactics used by the insurance company. One such strategy is to state that an offer will be rescinded immediately if you do not accept it right away. However, your personal injury attorney in Manchester can explain why this assertion may not be true.
Retained Value of the Claim
For example, your personal injury lawyer in Manchester can explain that the value of a claim often remains static. A personal injury claim that is currently worth $15,000 should still be worth $15,000 a week from now. Cases are valued on the amount of medical bills, property damage and lost earnings that you suffered, values that do not usually change over time.
Invitation to Suit
Another reason why your personal injury lawyer in Manchester may say that the insurance company’s statement of withdrawal may be a bluff is because this type of statement can invite a lawsuit. If your personal injury attorney in Manchester believes that the insurance company is not offering a fair value for your claim, he or she may recommend proceeding to trial. This may be negative for the insurance company because it must prepare for the time and expense of litigation.
If you would like more advice regarding settlements, contact a personal injury attorney in Manchester at the Law Office of Manning & Zimmerman PLLC at603-624-7200.