How do I Know if I am Getting a Fair SettlementHow do I know if I am getting a fair settlement? This is an important question if you have been injured in an accident that was caused by the negligence of another party. The other partys insurance company has made you a financial settlement offer, and you want to know if you are getting a fair settlement offer.
To begin with, before accepting any settlement for your injury, you should consult a personal injury attorney. A personal injury attorney will know if you are being offered a fair financial settlement.
There is another reason why you need to talk to a personal injury attorney. It is because the insurance company is not your friend. The insurance company will try to get you to accept the lowest possible settlement offer for your injury.
You may say, But, I cant afford an attorney. The good news is that most personal injury attorneys work on a contingency basis. What this means is that you do not owe them anything unless they win your case.
With this in mind, here are some things that will help you know if you are getting a fair settlement. They include:
All medical expenses - Getting a fair settlement means that all of your past and any future medical expenses will be paid for. Your injury may mean that you will have medical expenses in the future. Getting an amount that takes this into account is an essential part of getting a fair settlement.
Loss of income
Loss of income and earning capacity - If your injury keeps you from working for weeks or months, loss of income should be a part of your settlement. If your injury leaves you with some type of permanent partial disability, your earning capacity may be lowered, and this needs to be taken into account to get a fair settlement.
Permanent disability - If your injury has left you permanently and totally disabled, you may not ever be able to do any kind of work. Getting a fair settlement will involve an amount that takes this into account.
Rehabilitation - You may need rehabilitation to return to the job you had before you were injured. Or, your injury may mean that you need rehabilitation or retraining in order to do some other type of work. An amount for this is important in getting a fair settlement.
Pain and suffering - Your injury may have caused you a great deal of pain and suffering. You are entitled to be compensated for this, and an amount for this is crucial to getting a fair settlement.
You may say, How do you put a price on things like pain and suffering, future medical expenses or some kind of permanent disability.
This is another reason why you need to talk to a personal injury attorney. A personal injury attorney knows how to place a monetary value on these things. A personal injury attorney will make sure that you are getting a fair settlement.
The right thing to do is to let a personal injury attorney evaluate your case at no cost or obligation to you.