In the majority of personal injury cases, the insurance provider for the party responsible for the accident will cover the victim’s damages. Unfortunately, insurance firms sometimes rush to downplay or minimize the victim’s suffering or injuries in an effort to get away with paying out less money.
A settlement offer from an insurance company should be carefully considered before you agree. You may avoid unintentionally accepting an offer that is unjust and insufficient for your requirements by completing these actions.
Speak with a personal injury lawyer
After any kind of accident, you should certainly make a call to a knowledgeable personal injury lawyer like Law Offices of Michael A. Kahn. Even if it has been some time since the accident and you have already received a settlement offer, it is still not too late to contact Attorney Kahn.
Recognize the full amount of your damages
It is quite conceivable that you will have symptoms or limits for the rest of your life if you have experienced a major accident, such as a brain or spinal cord damage. You won’t necessarily be aware of the type or severity of your remaining symptoms while you heal, though.
To ensure that all of the long-term effects of the injury are covered by your settlement, you should strive to hold off until you have achieved the point of “maximum medical improvement.” Getting an expert assessment from a doctor who specializes in your specific accident would be helpful.
Correctly calculate your damages
More than just your current medical expenditures should be included in your settlement offer. Compensation for future medical expenses, lost wages, and pain and suffering should also be included. It is crucial to have your personal injury lawyer provide you advice on this matter and assist you in calculating a high and low level of compensation that would be fair, reasonable, and acceptable to you because the value of damages for pain and suffering can differ significantly from case to case.
Recognize your legal situation
You have greater justification to hang out for a better settlement offer the more compelling the information is that supports your position legally in the case. For instance, if you fell in a store and it was recorded on video, you are in a lot better position than if you fell somewhere where there were no cameras and no witnesses. The insurance provider should be prepared to make a reasonable settlement offer if they think you have a good chance of succeeding in court and want to avoid having you file a lawsuit.
Negotiate for the best possible outcome
Seldom is the insurance company’s initial offer their best offer. You may and should ask your lawyer to negotiate on your behalf in order to get a reasonable settlement that pays for all of your losses and will be sufficient to support your recovery and enable you to resume your life after the accident. Call Law Offices of Michael A. Kahn at (310) 209-1600 for a free first consultation if you want assistance with a personal injury case.