Combat Undervalued Personal Injury Compensation

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With the AIG liquidity crisis and economic downturn, many insurance companies are attempting to protect their bottom line by denying claims or undervaluing compensation for long-time policyholders involved in car accidents. The insurance company's primary goal is to protect their profitability.

It is obvious that the costs associated with auto accidents has been escalating at a frightening rate. These increases are in lock step with costs of medical treatment across the U.S. Ironically medical costs have risen at least partially because of the widespread use of insurance. Take dental insurance as an example. The more dental insurance you have, the more expensive dental treatment you are likely to get.

This has led many legislators to conclude that the problem of spiraling health care costs is due to"abuse of the system" or "over litigation". But the fact is, for every lawyer who tries to take advantage of the system, there are many, many more who are simply trying to get what their clients are owed by their insurers.

Insurance companies have a clear conflict between, on the one hand, trying to stay as profitable as possible, and on the other, paying their policy holders what they are rightfully owed. Individual policy holders cannot be held responsible for spiraling costs. The job of an injury lawyer is to hold insurance companies accountable for the coverage their clients have paid for.

The bottom line is that professional Cook County personal injury attorneys will protect your legal rights under Illinois law. A good example is the law to reduce car accidents caused by distracted drivers. If you are in a car accident, you should contact a car accident attorney in order to protect your present and future rights for compensation.

According to the 2008 Illinois Crash Facts and Statistics report, there were 1,043 fatalities in vehicle crashes on state roads. Each fatality was estimated to cost $1,200,000. Each Type A incapacitating injury, was estimated to cost $67,500, and each non-incapacitating Type B injury was estimated to cost $21,800. Type C injuries were estimated to cost $12,400. In Illinois, the state mandatory minimum amount of liability insurance is $20,000 per person.

Surely, the mandatory minimum amount of $20,000 won't cover the costs of an incapacitating or non-incapacitating injury. Somewhere, insurance companies must make up the difference. Numerous horror stories tell of insurance adjusters offering lowball compensation for car accident victims. Insurance adjusters try to quickly assess the medical cost for car accident victims.

Car accidents can lead to serious, life-changing injuries, like chronic back problems, traumatic brain injuries and spinal cord injuries, which might not develop until years after an accident. Assessing a lifetime of pain is very difficult for the computer models, algorithms and statistics of an insurance adjuster. A Cook County personal injury attorney can aid and assist victims by finding doctors who will properly estimate the extent of car accident injuries. A lawsuit can provide a better calculation of your present and future compensation needs.

On average, an estimated 10 percent of insurance claims are rejected. Finding an experienced car accident lawyer to help you with insurance companies early on in the process, will increase your leverage during negotiations. A personal injury lawyer will carefully protect your legal rights, ensuring just compensation for lost wages, pain and suffering, rehabilitation and medical costs. A lawyer's duty is to protect your rights, not the insurance company's profits.

Trust in the best Chicago car accident attorney to guarantee that you will receive the just compensation you deserve after your car accident.

Article Source: http://depositarticles.com/

Contact Shea Law Group, Cook County injury lawyers for assistance in getting what you are owed. Spanish service - Los abogados de lesiones personales.

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