If you have been involved in an accident, your insurance company may be able to reimburse you for certain expenses. This is known as subrogation. Subrogation is a legal term that refers to the right of one party to recover from another the amounts paid by it under the terms of an insurance policy.
Subrogation is covered under most personal auto policies and may also be available under commercial auto policies. When an insurance company believes it has paid out more than it owes, it will often try to recover these funds from anyone responsible for causing the accident, even if those people weren’t insured at all or weren’t even present at the time of the accident and this where a subrogation law firm comes into the picture.
Reasons You Should Hire a Subrogation Lawyer for Your Case
Objectivity
Objectivity is the most critical benefit of hiring a subrogation lawyer. It’s hard to represent both parties in a case and keep an open mind while doing so. When you hire a lawyer, they have years of experience and know what they’re talking about. If you’re not paying for a lawyer, it can be difficult to understand why one is worth more than another.
Expertise
The expertise of a subrogation lawyer can make all the difference. A good subrogation attorney will have extensive knowledge about the industry and how it works in relation to your specific case. They will have spent countless hours researching cases similar to yours so that they can provide you with an honest assessment of your chances of success at trial or settlement.
Save money
In addition to saving time and money, hiring a subrogation attorney can also help save money on legal fees for yourself and any other person in your lawsuit. You may not have enough assets left after paying off all of your debts and living expenses, but hiring someone who specializes in this area can help you fight back against someone who may be trying to collect on their own claim against you.
Jury trials
If your case is filed in court and you are found liable for another person’s loss, you may be able to recover the damages from that person’s insurance company. This is because they will have paid out on the claim, leaving themselves open to a lawsuit by you. With the help of an attorney specializing in subrogation law, you can fight for what is rightfully yours.
Damages limits
When an insurance company pays out on a claim, its liability is often limited. These limits are set by state law and vary based on the coverage the policy offers and other factors. If your case involves large damage, hiring an attorney specializing in subrogation law may be worth hiring. That is because they can negotiate with your insurance company and get more money than they would otherwise have been entitled to receive from paying out on your claim.
Protect your rights
If you hire a subrogation attorney and win your case, they will work on ensuring that your insurance company pays all or part of your claim. They will also negotiate with your insurance company on your behalf to get back what they paid out unnecessarily. Sometimes, this can mean negotiating a settlement for less than an insurance company initially paid out.
Finally, jury trials are expensive and time-consuming, so you must have a good subrogation lawyer on your side when you’re filing for insurance money.
