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Insurance Companies Love “Settlement Mills.” Here’s How to Avoid Them
Staff Writer1 year ago
If you are injured in an accident through no fault of your own, you are owed compensation for your medical costs, pain, and suffering. Often times, however, insurers are unwilling to pay out. When you choose a lawyer, they may suggest the best thing to do is to settle with the insurance company to avoid a lengthy trial. But, should you settle? The simple fact is insurance companies love “settlement mills”. Here’s what they are, and how to avoid them.
What Are Settlement Mills?
A “settlement mill” is a law firm set up to make a quick buck off of their clients. It’s as simple as that. The way settlement mills operate is they take on clients with no real intention of taking their personal injury case to court. Rather, they seek to settle cases with insurance firms quickly out of court. This allows them to collect their fees with minimal work on behalf of their client.
What this means is that your lawyer gets their 33 percent fee with little-to-no effort on their part, the insurance company likely saves large amounts of money on litigation costs and a higher-payout to the injured party, and you, the victim, suffer. With a settlement mill, everyone wins but you.
How to Avoid Settlement Mills
If you are looking for a quick payout, a settlement mill may seem like an attractive option. It’s important to remember, however, that these types of firms aren’t looking out for your best interest. To avoid becoming another victim of a settlement mill, you need to ensure you take time selecting the best possible attorney for your claim.
When researching a firm, take the time to explore their services, their history, and their results. Investigate the background of the attorneys who will be representing you, how they assess each case, and how engaged they will be in the process. Also, ensure you take the time to learn about your legal rights.
Thomas J. Henry – Dedicated, Determined Accident Attorneys
Thomas J. Henry has the resources to handle your case and get you the results you want and deserve. We aren’t a settlement mill. We are a team of highly-experienced attorneys dedicated to providing our clients with the most up-to-date information and respectful, comfortable care throughout the legal process. We are at the forefront of new and innovate legal solutions, meaning, our lawyers are accessible to clients anywhere around the world at any time of the day.
If you have been injured in an accident, don’t fall victim to a settlement mill. Make sure you contact the largest and most successful personal injury firm in Texas. Thomas J. Henry has the experience, expertise, and determination to get their clients the large settlements and verdicts they deserve. This includes a recent $30.2 million verdict in a vehicle recall case. So, if you’ve been injured in an accident, don’t fall for flashy gimmicks. Call Texas’ premier personal injury law firm. Call Thomas J. Henry today at 361-221-5053.