Statistically, injured accident victims who hire personal injury lawyers make more financial compensation than those who are unrepresented. Studies estimate that, on average, claimants with lawyers receive 3.5 times more in settlement compensation than their self-represented counterparts. The odds of reaching a settlement are also higher when represented by an attorney. Hiring an accident lawyer comes with many advantages that can increase the value of a personal injury settlement in Colorado, including:
Ability to identify all negligent parties. Naming multiple parties as defendants increases the insurance coverage available.
Knowledge of insurance company tactics. An attorney can combat tactics used by insurers to devalue your claim, such as alleging that you had a pre-existing injury.
Aggressive negotiation strategies. Rather than accepting the first settlement offer, a lawyer can submit counteroffers for you to fight for a higher amount.
Trial capabilities. A lawyer’s ability to go to trial often motivates insurers to offer greater amounts to settle, rather than paying the costs of going to court.
Accurate pain and suffering calculations. Pain and suffering can make up a significant portion of a compensatory award. A lawyer can demonstrate the long-term consequences of your injuries to achieve fair pain and suffering damages.
It is especially important to hire a personal injury lawyer if you have a high-value case, such as one involving catastrophic injuries or the wrongful death of a loved one. In these scenarios, your future could be hanging in the balance. Do not run the risk of representing yourself and settling for an inadequate amount. Hire an attorney to enhance your odds of achieving a higher settlement or judgment award.