This is What to Look Out for to Determine if You Are Getting a Fair Personal Injury Settlement Offer
If you have been hurt and are being offered compensation for your injuries, you probably have the following question on your mind: Is this a reasonable settlement offer? Also, is it unjust? The best approach to receive an accurate response is to speak with a personal injury lawyer who can evaluate the essentials and provide you with legal counsel. Call Law Offices of Fernando D. Vargas at 909-982-0707 to do that. In the interim, you can continue reading to discover the indicators of whether or not you are receiving a fair settlement.
Computer algorithms are used to determine many settlements
Regrettably, insurance adjusters frequently utilize computer programs to decide which claims to pay and how much to pay. They will defer to the computer’s decision rather than taking into account your case’s particular circumstances. Additionally, it is true that these algorithms are created by the insurance provider to ascertain the least amount they can reasonably pay for auto accidents and other circumstances, which not only implies that you might easily be shortchanged.
Look to see if future medical bills are included in the settlement
If a settlement offer excludes compensation for future medical expenses and other future damages, that is one of the telltale signals that it is unfair. This covers the present and potential future pain and suffering, loss of consortium, disfigurement, and disability that your injury is expected to cause. You can receive assistance from Law Offices of Fernando D. Vargas in determining these criteria from a medical team, which will need to consider them.
Is compensation for economic and noneconomic damages included in the settlement?
Economic damages are those that are easily quantifiable financially, such as medical expenses. These can be calculated rather easily because they are based on real invoices or reliable predictions of future expenditures.
Estimating noneconomic damages can be challenging. These damages, such as pain and suffering, do not have a fixed price. Your compensation should include both financial and non-financial losses. If it does not, the settlement is probably not just.
Your acceptance of the offer is being rushed by the insurance company
You can infer that the settlement offer from the insurance company is unfair if it tries to force you to decide right now whether or not to accept it. Why? Because they are probably trying to convince you to agree before you speak with a personal injury lawyer who is aware of the value of your claim.
Call Law Offices of Fernando D. Vargas at 909-982-0707 if you’re ready to learn how much your case may be worth. We have extensive knowledge of all facets of personal injury law and can assist you in choosing the appropriate settlement amount. Call right now to request a free legal consultation.