Fair Compensation 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. Insurance companies are traditionally keen to settle claims early in order to avoid having to pay spiralling legal costs. That said, unless a consumer has consulted a road accident solicitor they may not be certain that what they are being offered is fair.
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. Claims in this bracket make up four fifths of all road accident claims in the UK. The new system includes an electronic information sharing portal to allow the road accident solicitor and the insurance company to share information and to avoid duplication or time wasting. Additionally, the new system includes strict time limits in which the claim must be settled.
At the centre of the new regulations was the aim of simplifying and speeding up the process so that accident victims would be able to move on from their trauma more quickly whilst spending on legal fees could be reduced. Ultimately, the biggest priority was getting compensation to those people who needed it more quickly. However, road accident solicitors are keen to underline that although the system itself is simpler now, it is just as important to consult a road accident solicitor to ensure that drivers get a fair deal.
It is alleged that the new procedure has led to a rise in an old tactic amongst insurers. Insurance companies acting on behalf of the liable party contact the innocent party offering to settle their claim early. It is not uncommon for the companies to exaggerate the cost and complexity involved in hiring a road accident solicitor in order to encourage claimants to accept the early settlement offer. Unfortunately, the insurance companies do not necessarily offer claims worth the same amount that a road accident solicitor would be able to obtain. Therefore, now as much as ever before, it is important to consult a road accident solicitor.
Tags: road accident solicitor