If you have noticed your paycheck does not seem to go as far as it used to go, you are certainly not alone. In fact, according to reporting from CNBC, nearly 80% of Americans have some anxiety about their financial well-being.
If you have suffered a serious injury in a motor vehicle accident, you may simply not be able to work. Paying for the skills of an experienced personal injury attorney may seem out of your reach. Fortunately, you can probably afford to hire an attorney to help you with your claim.
Contingency fee agreements
Many personal injury attorneys have contingency fee agreements. These agreements guarantee you do not have to pay your attorney until you receive a financial settlement. If you never receive one, you likely do not owe your attorney anything. Still, it is important to read and understand your lawyer’s fee agreement before signing it.
While you may not have to pay for your attorney’s time, experience and skills until you receive a settlement, you may have to cover some costs. Often, attorneys who have contingency fee agreements charge clients for investigations, filing fees, photocopies and other similar items. Your attorney should give you a breakdown of these costs, so they are not likely to sneak up on you.
Your financial settlement
Because insurance companies are for-profit businesses, they often prioritize their bottom lines over the interests of their customers. Even worse, they may have tried-and-true tactics to slow the processing of your claim, give you a low settlement offer or deny your claim outright.
While there are no guarantees of success in any personal injury matter, working with an attorney may help you go toe-to-toe with the insurance company. Ultimately, if you receive the financial settlement you deserve, your financial concerns about hiring a personal injury are likely to go away.