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These are the Claims "secrets" insurance companies don't want you to know!
"Who Else Wants To Know The Formula For Getting Huge Sums In Compensation From Insurers For Your Personal Injury Claims?"From: Patrick Jones, Tuesday 3:23 PM Dear Personal Injury Claimant, What's The First Thing To Do After Your Accident?This is a 'must do' if you are to succeed with your personal injury claim. If you skip this one step you will set yourself up to fail unless you receive the type of help I will explain to you right on this page. More people fail to receive compensation for this reason than any other.It is also one of the first things insurers look out for when evaluating your claim form because they know that once you produce it it's only a matter of how much compensation they are going to pay out to you. You will learn what this one thing is by keep reading. How Much Compensation Are You Entitled To For Your Injury?Ok so you won't be able to do much about it under the law of 'Offer and Acceptance' but would you not rather know before you jumped in with both feet? After all at the lower end of the settlement scale it could mean accepting $1000 instead of $2000-$3000. How much would you be prepared to pay so as not to suffer a loss in this scenario of up to $2000. Imagine how many people suffer this type of loss which they could do with to help their family and loved ones? And this example is only the tip of the iceberg as you will discover. How You Can Get More Than The Average Payout?As demonstrated in the example above a lot of personal injury victims are accepting offers way below what they are entitled to receive. The most common reason for this is that they do not know what level of compensation they are entitled to receive. But even those who accept what appears to be reasonable compensation from their solicitors can do much better.I am qualified to make this comment having worked as a personal injury specialist for over 25 years handling high and low value claims and those between. I can tell you that one of insurers favourite statistics is not how much they paid out in claims, although this is a valuable stats they need. One of the most exciting statistics for them is how much they have saved on each claim. You may want to re-read these last two sentences again. So whilst you may be jumping for joy when you receive your settlement cheque for $2500 insurers are hitting the roof with glee at having saved between $2500 - $7500 on your claim. Now you multiply this type of saving or 'potential leakage' as they call it by a few hundred thousand claimants on their books and you are just beginning to get the picture. These are just the claims they have paid out on, not counting the thousands of claimants whose claims were turned down in a 'repudiation' letter. Just imagine if these people had the same information you are about to get right in this letter. Do You Have To Pay Tax On Your Compensation?However, since the legislation on taxation is always changing there is a risk of the information provided in this letter becoming out of date at the time of any claim. Therefore any information provided is not intended as financial advice and you must therefore consult with your own legal and financial advisers as to you particular circumstances. This is not a cop out but as you may be aware there are strict rules in the UK in this area so I am sure you understand the position. The good news from your point of view is you are going to be put in an unfair advantage compared to the population of personal injury claimants in the level of compensation you command for your injuries. However, you need to read on to see how you accomplish this. What If You Run Out Of Time To Claim?![]() However, this is not to say that you cannot derive any benefits from some of the principles you will learn which may have their parallel in your legal system. So back to what I was saying about the time limit to pursue any personal injury claim in this country ie the UK. What if the three years have passed since your injury? Can you stil make a valid claim for your injuries and recover compensation? The answer is yes you can but most insurers will turn your claim down on the basis it statute-barred by lapse of time. However, I will show you how to defeat that argument and go on to make a successful claim. Do You Have To Consult A Solicitor or Lawyer?
The answer to this question is a resounding no. In the UK you can pursue your own personal injury claim without ever instructing a solicitor. However, the general public is not fully aware of this fact and therefore most personal injury victims run straight into the arms of their nearest solicitor. And of course this is what solicitors want. It's like stealing candy from a child. They had no previous stake in your injury but you handed over your candy to them and they take the majority of it if not all of it. What you must be aware of is that solicitors get on average more in fees from pursuing your claim than you do from the compensation you receive. Is it any wonder there are so many 'no win no fee' personal injury claim adverts on television and in other media. You may not be aware of the pitfalls of instructing one of these 'no win no fee' lawyers but I will reveal these to you. You may just avoid losing all your compensation if you listen to me on just this one issue. How Long Does It All Take To Make Your Claim?Have you ever waited for money, even for your wages to come around? It takes forever. And do you believe that your solicitor has any interest in speeding up your claim? The cold fact is that your solicitor has no interest in getting an early claim settlement because the more hours he/she puts into your claim the more they earn in fees. So your solicitor has a vested interest in seeing the claim drag on providing they are assured of their fees at conclusion of the claim.So who do you think is left chasing up matters with solicitors and insurers? You! And I can assure you that playing piggy-in-the-middle is no fun. You won't be able to get far with insurers when you have a solicitor on record acting for you. And if your solicitors are not cooperating with you then you are soon going to get frustrated with their 'gate-keeper' the secretary. Even when your solicitors do get around to making you an offer received from insurers you are going to have problems with them if you do not agree to the offer on the table. In the first place you are not going to have any basis on which to challenge the offer so all you are going to be able to say is that you do not accept it because it is not enough. But how much is enough to settle your claim and where do you get the figures from except to pluck it out of thin air. And what if this is not the first offer they made to you? Where do you go from there without your solicitors support? What if I were to show you an alternative solution that may be better suited for your own particular circumstances. |
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