Settlements are a way to handle your car crash or collision case outside of court. It’s important to consider certain factors prior to accepting a settlement, or you can risk not getting enough monetary compensation for your situation. While putting an accident behind you is important for your peace of mind, being thorough in your examination of your own case, or with the help of a lawyer, can be beneficial to you in the long run.
Prior to being offered a settlement, make sure you have built a solid portfolio containing all relevant information related to the crash—for example, insurance information for the other driver involved in the crash, photos of the damages to the car or those in the vehicle, and any relevant eyewitness accounts. If you end up not taking a settlement offer, having all the details of the incident explicitly documented will expedite your next steps.
If an insurance company offers you a settlement, it’s important to remember insurance companies are businesses that protect their profits and bottom line. This is where personal injury lawyers and specialized professionals can help you determine the true value of the damages you deserve. At Franco Law Firm, we want your injury settlement to be what you deserve, not what the insurance company thinks you deserve.
It is possible to get a higher offer from insurance companies if you reject their initial settlement. It’s important that you have the injuries and accident clearly documented to build an airtight case. It’s important to consult a personal injury attorney prior to rejecting an initial claim, so they can provide consultation on the specifics of your claim.
If you reject a settlement offer, you can eventually make a counter-offer. Your attorney can build a demand package for you to provide to the insurance company, which will summarize the impact of the accident on your life, your health, and why you are rejecting their initial settlement offer. Sometimes this demand will be rejected by the insurance company. This is why a personal injury lawyer can be an asset in helping you present a counteroffer that the insurance company is willing to pay. If the results of a counter-offer still don’t cover the needs of your claim, we’re here to help. Depending on your case, the next step could be a personal injury lawsuit. That’s why Franco Law Firm is here to provide consultation for you on your personal injury case—so you can get a settlement that adequately covers the damages of your claim.