Why shouldn’t I try to settle the case first and save the money of having to pay an attorney? If it doesn’t settle, then I can hire an attorney.
Of course, you can try to settle the case assuming that you know as much about how cases are valued, Wisconsin law and responsibility of the insured as the insurance professional. The insurance company will want you to sign a Release which is a legal document in which you are promising not to sue the insurance company or the insured in the future in exchange for a certain sum of money. That Release is a legal document drafted by the lawyers for the insurance company and they have many provisions of which you do not understand or are unaware, which may come back to haunt you after settlement. Sometimes, the insurance company will pay you a sum of money knowing that other parties need to be paid but making you responsible, often times unknowingly, for those payments. These other parties many times are other insurance companies and/or medical providers. This may ultimately take some, all, or more than the amount of your settlement. An experienced personal injury attorney can generally help you get more money than you could on your own and more than justify the expense of the attorney’s fees, all at no risk to you.
- The Questions of Estate Planning, Part 6: Why - January 6, 2020
- The Questions of Estate Planning, Part 5: How - January 2, 2020
- The Questions of Estate Planning, Part 4: Where - December 30, 2019
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