If you’ve been injured and have been offered a settlement, you’re probably wondering, “Is this a fair settlement offer?” Is it, however, unjust? The only approach to receive a straight response is to speak with a personal injury lawyer who can examine the situation and provide you with legal advice. For further information, call Law Offices of Fernando D. Vargas at 909-982-0707. In the meanwhile, keep reading to discover how to tell if you’re being given a fair settlement — or not.
Computer algorithms determine many settlements
Regrettably, insurance adjusters now employ computer systems to select which claims they will settle and how much they will pay. Instead of evaluating your case and its particular features, the machine will make the decision. Not only does this mean that you might be taken advantage of, but it’s also true that these algorithms are created by insurance companies to decide the smallest amount they can pay in automobile accidents and other situations.
Is there a provision in the settlement offer for future medical bills?
If a settlement offer does not include payment for future medical expenses or any potential losses, it is almost certain that it is not fair. This includes future pain and suffering, loss of consortium, deformity, and disability as a result of your injuries. These are things that a medical team will need to figure out, and Law Offices of Fernando D. Vargas can help you with that.
Is compensation for economic and noneconomic damages included in the settlement?
Economic damages are those that can be easily assessed financially, such as medical expenditures. Because they are based on current invoices or trustworthy forecasts of future expenditures, they are quite simple to calculate.
Noneconomic harms are more difficult to quantify. These are damages that have no monetary value, such as anguish and suffering. Your compensation should include both financial and non-financial losses. If it doesn’t, the settlement isn’t likely to be equitable.
The insurance company pressurizes you to accept the offer
If an insurance company gives you a settlement but forces you to decide whether or not to accept it right away, you might infer it is not a fair offer. Why? Because they’re probably trying to get you to say yes before you can speak with a personal injury lawyer who understands how much your case is worth.
If you’re ready to learn how much your case might be worth, call Law Offices of Fernando D. Vargas now at 909-982-0707. We can help you evaluate the correct amount to accept based on our many years of expertise with all forms of personal injury legislation. To get started, give us a call right now.
