Some of the most important considerations after you get hurt are what insurance policies apply and who is liable for your losses. If you were hit by another driver, it might be their motor vehicle insurance policy. If you fell at the grocery store, it might be a general business liability policy or a premises liability policy.
You cannot receive more than the maximum amount of coverage on that policy through a personal injury claim. In many cases, you will struggle to even receive that amount.
Mediation can connect you with more compensation
All too often, insurance companies focus more on limiting their losses than on the needs of someone making a claim. Insurance companies are notorious for trying to lowball people with significant claims.
You may need to take them to court to get compensation for the full value of your injuries. Establishing the financial impact of your injuries in the form of medical bills and lost wages allows you to file a civil lawsuit against an insurance company offering a far lower settlement amount.
You might then be able to mediate before you go to court. Quite a few personal injury claims settle outside of court. Insurance companies and the businesses that they represent often prefer to resolve matters away from the public eye. Additionally, mediation can be more cost-effective than litigation.
Mediation gives you an opportunity to provide evidence to the insurance company about the impact of your injuries on your life and negotiate a more reasonable settlement. Using mediation to resolve a personal injury claim can be more cost-effective and faster than going through court.