Do Insurance Companies Have Law Firm Rating Systems?
Yes. Insurance companies use rating systems to evaluate your claim and can base your compensation on many factors including your legal representation.
When you find yourself in the aftermath of an accident, you need an experienced accident attorney to handle your case. Start by selecting the right legal representation. Without a reputable law firm, you can fall victim to the rating systems insurance companies use to determine your case’s value.
When you choose Flager & Associates, you’re selecting a team of experienced personal injury lawyers with a formidable reputation. Our track record speaks for itself, and insurance companies and adjusters recognize that our attorneys have the expertise to handle your case with precision. Whether through negotiation or litigation, we’re committed to securing the settlement you rightfully deserve. Should negotiations fall short, we’re prepared to fight on your behalf until we reach a satisfactory resolution.
What is an Insurance Rating System?
Insurance companies use tools like insurance rating systems to evaluate claims. These systems scrutinize every detail of your case — from your age and medical history to the county where the incident occurred and more — to generate a settlement value or a range of values. But here’s the catch: the same set of details can yield different results depending on where the incident happened. For instance, a claim in Philadelphia might garner a different settlement value than one in Bucks County. Why? Because insurance rating systems take into account regional differences and local regulations, among other factors.
More importantly, they’ll also look at the reputation and approach of the law firm representing you. Based on the firm’s history, they’re able to distinguish between those who will fight tooth and nail for your rights and those who may settle for less.
Personal Injury Lawyers With a Reputation of Success
At Flager & Associates, we know how to navigate the complexities of a personal injury case, from gathering evidence and negotiating with insurance companies to representing you in court if necessary. This ensures you’re not at the mercy of insurance companies seeking to cut corners at your expense.
Our recent involvement in four trials within a span of months underscores our dedication to advocating for our clients. While some firms may prefer to settle cases pre-suit, we understand the importance of knowing when to take a stand. While pre-suit settlements can often be advantageous, our team is prepared to navigate the complexities of a trial to protect your interests.
Listen to what Randy, Michael, and Adam say about Insurance Rating Systems.
Video transcription:
“It’s absolutely true that insurance companies have a rating system. They know which firms are going to accept a small amount of money, they know which law firms are going to accept a higher amount of money, and they know which law firms will take a case to trial. So, we’re not a firm that’s going to back down. We’re not a firm that’s going to take a cheap settlement and move on. We try and do the best for our clients in every single case. A lot of firms will take what they can get and move on. Our firm pushes every single case to get the maximum result for all of our clients, even if that means going to trial.”
