Tuesday, June 18, 2013

Claim Settled for Road Bicyclist Originally "Lowballed" by Insurance Company

The Chicago Bike Flag from the IL Bicycle Lawyers
As in any field where there are negotiations, trial attorneys use the term "low ball" offer to describe offers to settle legitimate claims for relatively small amounts. Over the years, this phrase has become a verb: "lowballed." The Illinois Bicycle Lawyers recently settled a claim for a bicyclist who originally tried to handle his own claim, only to be "lowballed" by the insurance company. 
The bicyclist was injured in a bicycle accident on June 25, 2012 in Bolingbrook, Illinois while on a training ride. The bicyclist was riding westbound on Weber Road towards its intersection with Veterans Parkway when the driver of a work approached the bicyclist from behind at a high rate of speed and rear ended the back wheel of the bike. The force of the impact threw the bicyclist from his bike and he sustained road rash and muscle sprains and strains to his neck, left hip, left elbow, left knee, and left shoulder.

Following the collision, the bicyclist initially attempted to negotiate the claim without an attorney and obtained the "lowball" settlement offer that fell thousands of dollars short of the total value of his medical bills and property damage. The bicyclist then consulted with and decided to retain the Illinois Bicycle Lawyers at Keating Law Offices. Following negotiations with the motorist's insurance company, we were able to significantly increase the settlement offer to an amount that far exceeded the bicyclist's medical bills and property damage. 
We highly recommend that anyone who sustains a personal injury retain an attorney as soon as possible. It is important to remember that we NEVER charge attorneys' fees unless we either settle or win your case - no exceptions - and we only charge a fee for work that we do on the case. Even if you have already attempted to handle your claim on your own, the Illinois Bicycle Lawyers can most often still assist the injured bicyclist. Very frequently, we are able to substantially increase the settlement offer on the injured party's behalf, as was the case with our most recent settlement. If you ever have any questions, feel free to call or email for a free consultation with absolutely no obligation. We are here to help.
If you have any questions regarding this post or an issue involving Illinois personal injury law, please contact Illinois Bicycle Attorney Mike Keating at 312-208-7702 or MKeating@KeatingLegal.com 24 hours a day, 7 days a week. All e-mails and phone calls are returned promptly. All initial consultations are confidential and free.