Your Blooming Grove slip and fall lawyer will advise you that when preparing for your case, the insurance carrier will examine such factors as:
- The permanency of your injury
- The extent of your liability
- Witness quality—both yours and theirs
- The quality and extent of the evidence against their client
- Previous injuries. If a previous injury exists in the same body area, the insurance company will be interested in examining the medical records that pertain to the injury.
Additionally, the carrier will also determine such amounts as:
- Lost wages
- Medical bills
As your claim progresses, the insurance carrier will notify your Blooming Grove slip and fall lawyer about the different factors they are considering in your case.
A Blooming Grove Slip and Fall Attorney Explains the Reserves
When examining your claim, the claims manager will set aside a certain amount of money that corresponds to your case’s potential value. This amount, known as the “reserves,” represents what the company has identified as the outside value of your claim, and may fluctuate during the course of the case. As your Blooming Grove slip and fall lawyer will explain, sometimes the reserves may be equal to what is known as “policy limits”, i.e., the amount established by the insurance policy of those responsible for your injury as the outside liability amount limit.
Contact a Blooming Grove Slip and Fall Attorney Today
If you would like to discuss the value of your claim with an experienced and knowledgeable Blooming Grove slip and fall lawyer, please contact Michael Meth at 845-469-9529 to request a free consultation.