Should You Accept a Settlement Offer From The Insurance Company?

When To Accept a Settlement Offer

You give up your right to seek additional compensation from the at-fault driver or their insurance company once you “settle” or sign a settlement agreement with their insurance company.

Depending on the extent of your injury, you may receive a settlement that covers only the cost of your vehicle’s damage, or you may be entitled to higher payments due to long-lasting injuries or other compensation.

The car wreck settlement must include all of the compensation you require for future personal injury, medical expenses, and other losses. Before deciding to accept it, you should be able to answer some questions that could impact you, both short and long term.

In light of this complexity, injury victims should consider working with a licensed attorney with extensive experience. Our attorneys have been handling auto accident cases for decades and have helped recover over one billion dollars for our clients in Kentucky and Tennessee. Our policy is to accept cases on a contingency basis, which means there are no upfront costs. Call Hughes & Coleman Injury Lawyers today to help negotiate the accident claim you deserve.

IS THE CAR WRECK SETTLEMENT ENOUGH TO COVER EXPENSES YOU HAVE ALREADY INCURRED?

Your lawyer must ensure that the car accident settlement covers all of the out-of-pocket expenses listed in the demand letter, including:

• Medical bills resulting from an injury
• Lost wages
• Other out-of-pocket expenses related to the crash

Before making a settlement demand, your Nashville car accident lawyer should double-check that all of your out-of-pocket expenses have been accounted for. It is critical for injury victims to keep track of all bills and receipts during their claims. Ensure that everything is kept in one location to find it easily. When your lawyer writes a demand letter, you don’t want to be scrambling to locate documents and information.

IS THERE ANY PROVISION IN THE SETTLEMENT OFFER FOR FUTURE EXPENSES?

You cannot know the potential for long-term effects unless healing has stopped and a licensed medical professional has evaluated your injuries. Typically, lawyers are unaware of the potential future damages until the victim has reached maximum medical improvement. As a result, any car accident settlements made before that point should be viewed with caution.

You can’t reopen a claim once you’ve signed an accident settlement. It is important to ensure that the settlement provides you with the compensation you require after the completion of the legal process.

IS PAIN AND SUFFERING, AS WELL AS OTHER NON-ECONOMIC DAMAGES, COVERED BY THE SETTLEMENT?

Car accident victims should hire an attorney trained in calculating pain and suffering. To accurately estimate your pain and suffering, a trained professional needs to determine your level of pain and discomfort and future levels of pain and discomfort that you may experience.

Money cannot compensate for pain, psychological issues, or the impact of an injury on your relationships or enjoyment of life. Monetary compensation is the law’s attempt to put you back in your position before your injury. You may use compensation to cover the cost of counseling to help you work through the psychological effects of your injuries.

Depression and anxiety are common among crash victims, but only a licensed medical professional can treat these symptoms with therapy or medication. If your lawyer successfully recovers compensation for these expenses, you will have less to worry about moving forward.  Meeting with a lawyer can help you understand your options and how to best protect your rights. The attorneys at Hughes and Coleman are skilled at calculating the value of non-economic damages. We understand what factors to consider and can explain how you can assist us in determining the extent of the damage. Contact us today.

WHAT ABOUT EARNING CAPACITY LOSS?

You may never be able to work again in the same position as before the accident. Your physical or psychological injuries may prevent you from doing so. Even if you can return to the same job, you may have to work fewer hours or change how you do your job, limiting your future earning potential.

A car wreck settlement offer could include compensation for lost future earning capacity, so you have the funds you need to support yourself and your family. When calculating the value of a loss of earning capacity, your attorney must consider several factors. These can include education, training, skills, current position, and advancement potential.

WHAT IS YOUR ATTORNEY’S OPINION ON THE SETTLEMENT?

Hughes & Coleman Injury Lawyers diligently seeks to obtain the highest possible compensation for crash victims. It is critical to discuss any car accident settlement with your attorney and get their opinion. If your lawyer believes you should receive more, inquire why and what a fair accident settlement might entail.

Hughes & Coleman Injury Lawyers will provide prompt responses to questions and thorough explanations to your questions so that you are always fully informed about the status of your claim.

CONTROL STARTS WITH A CALL

Have you been hurt in a car accident caused by another driver? Control Starts with a Call. Call the experienced team at Hughes & Coleman Injury Lawyers. 800-800-4600.

Car accidents can cause serious injuries that alter the lives of victims for the rest of their lives. If another driver’s negligence caused the accident, victims might be entitled to compensation for past and future damages.

The insurance company will work against you, attempting to pay as little as possible. You can, fortunately, hire an attorney to help you with your car accident settlement. The experienced attorneys at Hughes & Coleman Injury Lawyers are ready to assist accident victims in obtaining maximum compensation with no upfront cost.