June 30, 2010
Get A Fair Deal With A Road Accident Solicitor
Those drivers who are unfortunate enough to be involved in a car accident can claim for compensation for loss of earnings, their injury and the damage to their car, van or other vehicle and they are not obliged to do so with the help of a road accident solicitor. There is the option of taking a settlement offered by the third party’s insurance company. Settling early has obvious benefits for the insurance company, who will be able to save money on legal fees. However, unless the driver consults a road accident solicitor before deciding whether or not to accept the settlement, he or she will never be certain that they are getting a fair deal.
On the last day of April this year, a new system for managing accident claims with a value of between £1,000 and £10,000 was introduced. In other words: 80% of all road accident claims. Included in the new system is an electronic portal for sharing information relating to the claim between the road accident solicitor and the insurance company to eliminate the potential for duplication of information and the reduce time spend on the claim. Additionally, the new system includes strict time limits in which the claim must be settled.
The aim of the new regulations was to simplify and streamline the process so that it would be easier on accident victims and reduce spending on legal fees by insurance companies. Ultimately, the biggest priority was getting compensation to those people who needed it more quickly. Nevertheless, road accident solicitors will warn that unless consumers consult them for advice, they may not get a fair deal.
It is alleged that the new procedure has led to a rise in an old tactic amongst insurers. The Insurance companies acting for the liable driver contact the claimant offering early settlement of their claim. Often the insurance companies exaggerate the price and complexity of working with a road accident solicitor so that the claimant will feel pressured into accepting the early settlement. However, the insurance companies are not necessarily offering as high a settlement as might be achieved with a road accident solicitor. It is therefore more important than ever to enlist the help of a road accident solicitor.
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