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Are You Being Offered a Fair Personal Injury Settlement? Look for Signs That You Are or Are Not

If you have suffered an injury and are being offered a settlement for that injury, you are likely to wonder: Is this a fair settlement offer? Or is it unfair? The best way to get a real answer is to talk to a personal injury attorney who can assess the basics and offer you a legal opinion. To do that, contact Law Offices of Fernando D. Vargas at 909-982-0707. In the meantime, you can read on to learn the signs that you are – or are not – being offered a fair settlement.

Many Settlements Are Determined by Computer Algorithms

It is unfortunate, but all too often, insurance adjusters use computer programs to determine which claims they pay and how much they will pay. Instead of someone considering your case and the unique elements of it, they will let the computer decide. Not only does this mean that you can easily be short-changed, but it is also true that these algorithms are designed by the insurance company to determine the least amount they can possibly pay for car accidents and other cases.

Does the Settlement Offer Include Future Medical Bills?

One of the sure signs that a settlement offer is not fair is if it does not include payment for future medical bills and other future damages. This includes pain and suffering, loss of consortium, disfigurement, and disability that your injury is likely to lead to in the future. These are factors that a medical team will need to determine, and you can get that help from Law Offices of Fernando D. Vargas.

Does the Settlement Include Compensation for Economic and Noneconomic Damages?

Damages that can easily be financially quantified, such as medical bills, are economic damages. These are relatively easy to determine because they are based on actual bills or trusted projections about future costs.

Noneconomic damages can be harder to estimate. These are damages that do not come with a specific cost, such as pain and suffering. Your settlement should offer help with both economic and non-economic damages. If it does not, then it is likely not a fair settlement.

The Insurance Company Is Rushing You to Take the Offer

If the insurance company offers you a settlement but attempts to make you decide immediately whether or not you will take it, then you can assume that it is not a fair offer. Why? Because they are likely attempting to get you to say yes before you can talk to a personal injury attorney that knows what your case is worth.

If you are ready to find out what your case could be worth, then we invite you to contact Law Offices of Fernando D. Vargas at 909-982-0707. With our many years of experience with all types of personal injury law, we can help determine the right amount for you to accept. Call now to get started.