Personal injury cases can be time-consuming and challenging. As much as it looks simple to get compensation, the behind-the-scenes process can be complex. When you file for a claim, the insurance company thoroughly investigates it and rolls out a settlement offer. Victims often get confused after receiving the settlement offer.
Should they settle for the amount offered? How do they know this is the right amount? What if this amount is not sufficient for your injuries? All these confusions and questions can make one feel overwhelmed and confused about the next step. In such a situation, you should speak to a personal injury lawyer who can help you. You can click here to speak to a lawyer and proceed with the settlement process.
What to consider when settling your claim?
Your lawyer will help you understand the parameters you should take into consideration. However, here are a few key parameters that should not be neglected.
- Is the amount sufficient to cover for your medical expenses that you have had?
- Is the amount sufficient to cover the possible medical expenses that you will have in the future due to your injury?
- Does the amount cover the property damages that you had to incur?
- Is the amount sufficient for the loss of wages that you had to face/will face in the future?
- Will this settlement amount cover your loss of enjoyment?
- Will this amount cover the pain and suffering from the injuries?
It is crucial to consider the future expenses too. One major mistake victims might make is to just calculate the expenses they have had so far. Many injuries require constant medical assistance, even if you are okay. You should also consider the cost that you will have to bear when you go to visit the doctor, the medicines you need to keep taking due to your injuries, traveling until the doctor’s expenses, etc.
In addition to that, the loss of wages that will occur when you are traveling to visit your doctor for your checkups is also an important consideration.
The Next Step: getting in touch with a lawyer
You might be able to calculate the monetary expenses that you had or will have. However, the challenging part comes when you have to calculate pain and suffering. In such cases, you need a lawyer to provide a proper estimation in financial terms. Remember, calculating pain and suffering might not be possible in a financial way, but your lawyer can assist and provide an estimated value.
