Many people who file personal injury cases do not properly understand an important concept called subrogation rights. However, these can have a big impact on your personal injury case and the overall compensation you receive, so it is important to know what they are and how they can affect your case.
Here are three things you should know about subrogation rights as you move forward with a personal injury case from a car accident. Understanding these facts can help you evaluate the importance and value of having a skilled personal injury attorney handle your case.
1. An insurance company can claim subrogation rights to recover payments
Subrogation rights are a way that your health insurance company, which may initially pay doctors and hospitals for your medical expenses, can try to recoup what it paid for your care through another party. If a health insurance company claims subrogation rights to receive compensation from another insurance company, it can decrease the final value of your own compensation settlement. These cases can take place in health insurance as well as car insurance.
2. Subrogation rights cases require experienced legal assistance
When subrogation rights cases arise, sometimes personal injury victims attempt to resolve the issue on their own with the insurance companies. However, the laws and contractual responsibilities surrounding these claims are very complex. A layperson generally does not have the appropriate preparation or training to effectively work through these cases on his or her own. It is important to work with a personal injury attorney who has experience in subrogation rights cases because lack of knowledge about how to approach these cases can lead to a final payout that is significantly reduced.
3. Subrogation rights cases are insurance disputes
It is a well-known fact that insurance companies often have their own best interests in mind when they work to reach a settlement in personal injury cases. Subrogation rights cases are insurance disputes, and they often involve more than one insurance company. Insurance companies are skilled at navigating these types of disputes and have large legal teams working on their behalf. This is another reason you should not attempt to resolve a case like this on your own. Instead, you should schedule a consultation with an attorney who works with these types of cases.