Where Do Personal Injury Settlements Come From? 

On behalf of Peterson, Berk & Cross, S.C.

We are well aware of the stereotypes surrounding personal injury lawyers and lawsuits. We’ve heard our profession referred to as “ambulance chasers” and heard the complaints about folks just being too quick to sue these days.

If you or a loved one has been hurt through no fault of your own, it would be tragic for you to let these misconceptions about personal injury claims prevent you from getting the financial compensation you need to be made whole again after an accident.

Perhaps the most common of these misconceptions is that when you pursue a personal injury claim you are going after someone’s personal assets. We can understand why that would give you pause. For example, you wouldn’t want to wipe out your friend or loved one’s savings as a result of a slip-and-fall accident or dog bite on their property.

The funds for a personal injury settlement or verdict almost always come from the at-fault party’s insurance policy. In the slip-and-fall or dog bite example above, that would be the property owner’s homeowners’ insurance policy.

This is what insurance is there for. People carry homeowners insurance to cover their liability in the event of an accident on their property. Drivers carry auto insurance to cover their liability in the event of a motor vehicle accident.

Personal injury lawsuits are not about making people rich; they are about making sure that the injured have the financial resources they need to cover the costs of their medical treatment, rehabilitation, pain and suffering, property damage and lost earnings after suffering an injury.

Your choice of attorney is important if you wish to maximize your chances of getting the funds you deserve after an accident. Contact us today to get started.