Getting insurance companies to set a high reserve amount for your claim is paramount to settle your case for top dollar. Setting a high reserve means that the adjuster believes that the case could have high exposure, in other words, a high dollar amount. There are multiple ways that high reserves are set on personal injury claims. The first is claims involving serious injury or death. Now you can’t change the facts of the case but you can make cause for alarm for the adjuster by carefully investigating the details of the accident. For instance, were you knocked unconscious? If so, make sure that the adjuster knows there is the potential for a traumatic brain injury. Did the airbags deploy, resulting in whiplash? Make sure the adjuster knows of the potential for disc injuries. You can obtain high reserves without broken bones if you know what are the most serious types of soft tissue injuries.
How to set up a high reserve account
Another way that you can obtain a high reserve is to disclose a high medical bill in the very beginning. If there is a trauma workup at the hospital, the insurance companies are likely to set a high reserve. This can be assisted if there is immediate follow up with a PCP and you complain of a high degree and persisting symptoms that were reported at the hospital. This demonstrates the potential for permanent injuries. Permanent injures are likely to bring in large amounts if a case goes to trial.
High reserves can mean a higher settlement award
High reserves will almost always result in a higher settlement than if low reserves are set on a case. However, there are hidden dangers when high reserves are set. Often times, when high reserves are set, an insurance company will reach out to defense attorneys to monitor the case. They will also consider doing deeper investigations into the character of the claimant to see if there is anything that will provide a solid defense to the case. Such things as prior criminal history, prior litigation history, prior injuries, etc. If they uncover this type of evidence they may even close the high reserve and consider the case to be weak in merit.