How Insurers Value Your Case

An automobile accident is an extremely traumatizing event both mentally and physically. The experienced Champaign auto accident attorneys at McCarthy Rowden & Baker will do their best to take some of the burden off you to get you the compensation you deserve. The following information will help you better understand your insurance claim and the process that will take place after you have been in an accident.

How does the insurance company put a value on my case?

The insurance companies use many factors to decide the value of your case. First, a potential value will be placed on your case, and that amount will be set aside as a reserve. The reserve is considered the “outside value” on your claim and may change as your claim progresses. More serious cases may require that the reserve is equal to the policy limits, or the “outside limit” of liability established in the insurance policy of the other party.

While your case is being prepared, your medical bills, lost wages, and any other material factors will be tracked by the insurance company. They will also weigh the quality of evidence against the other party and any liability that may have been present on your part.

For example, if you have had a previous injury in an area that was injured again during the crash, the insurance company will want to see your medical records regarding that injury. To keep you up to date with your case, the insurance company will notify your attorney.

If you had a previous injury in the same area of your body, the insurance carrier will want to see medical records pertaining to that injury. During the course of your claim, your Champaign auto accident attorneys will be notified of any important information regarding your claim and the factors that are being discussed.

Contact us

To help you through this trying time, let the Champaign auto accident attorneys of McCarthy Rowden & Baker work with the insurance companies to get you the compensation you deserve! Call today at 800-373-6050 and let them help you get your life on track!