How Do I Know Whether Or Not My Settlement Offer Is Enough?
Were you hurt in an accident caused by someone else? You may be offered a settlement from their insurance company. Here’s how to tell if it’s enough and if not, what you can do to advocate for your right to the full and fair financial restitution you deserve for being injured by another person’s negligent actions.
Maximum Medical Improvement (MMI) Has Been Achieved
Ideally, you should only consider a settlement once you’ve reached maximum medical improvement and have a clear idea of what your future medical expenses and handicaps will be. If you’ve not reached MMI and you settle, the amount may not be enough to cover future costs or compensate you for partial or total disability.
Your Medical Bills and Other Economic Damages Are Covered
One of the primary goals of a personal injury lawsuit is to compensate an injured person for financial costs they incurred as a result of an incident that wasn’t their fault. Make sure your settlement offer at least includes enough to cover all of your economic damages. If not, you should move to counteroffer.
Your Future Related Healthcare Expenses Are Paid For
If your settlement offer doesn’t include any money for future medical expenses related to your injury, you may want to revisit your anticipated costs and renegotiate your settlement. You can’t sue again or ask for more compensation after you’ve accepted your settlement, even if you’re still paying for your medical care.
Your Physical and Psychological Suffering Are Accounted For
Economic damages aren’t the only damages that should be included in your personal injury settlement. Non-economic damages, or pain and suffering, should also be compensated. You can be confident that your settlement is inadequate if it makes no financial reparations for the emotional and physical pain you suffered as a result of the injury.
If Necessary, Punitive Damages Are Included
In cases where the at-fault party’s negligence was especially egregious or severe, punitive damages are typically awarded. These fines can be high and are designed to prevent the person responsible for your injury from acting in the same manner again.
Get the Fair Settlement You Deserve After Being Hurt Due to Negligence in California
Have you or a family member suffered an injury caused by the negligent actions of another person or company? You may be able to secure financial compensation for medical bills, lost wages, and your emotional and physical suffering. Call experienced Fresno personal injury lawyer Carl Brown today to get more information on how you can get the financial restitution you deserve at (559) 431-4400.