The decision to accept a personal injury settlement is completely your decision. However, your lawyer can help provide you with the knowledge you need to make an informed decision. Ask your lawyer if you think the offer is fair, why you believe it, and if you think you could do better in the trial. Attorneys like Williams Elleby, who focus on personal injury cases in Georgia, have the real-world experience needed to determine if a settlement is reasonable.
They know what's fair and what's not and can help you decide on a counteroffer and negotiate on your behalf. For a free legal consultation, call 800-537-8185 Under 26 C, F, R. Your lawyer can review your court agreement or award to determine if you have to pay taxes on any of them. An 18-wheeler truck hit me on I-10 as I was driving home from downtown New Orleans.
I've never had any kind of accident before and I've been out of work for weeks due to my injuries. Once the insurer has reached a settlement figure, it must decide what to offer. The first offer will be a percentage of what the insurer thinks is the final value of the case. For example, the insurer may require that the first offer be 40% of the case value.
There is no industry-wide standard in this regard. Learn more about the factors that determine the value of your personal injury settlement. While you may have already had to wait a considerable amount of time to get all of your medical and income records, try not to rush too quickly to resolve your claim. One of the tactics that claims adjusters use is to make a low initial settlement offer and see if you are too impatient to continue trading.
If you can wait, don't jump to the first offer. Holding for a while often increases your settlement. After a while, the appraiser will want to resolve your claim as soon as possible, and then you can get the full value of your claim. After a serious injury, the insurance company might offer you a settlement and dissuade you from contacting a personal injury lawyer.
It's understandable that you're tempted to accept this offer and leave everything behind so you can focus on recovering. Even though it may seem like the simplest and easiest option right now, however, hurriedly accepting a settlement offer may not leave things behind at all. In fact, it can create serious financial problems for you that could lead to a lot of stress, hardship, and regret in a short time. Before making any decision on a settlement offer, you should understand your options and know the factors that may affect the value of your case.
Read on to learn more about how you can evaluate an insurance company settlement offer and decide if it's fair. The team of bus accident lawyers at Zinda Law Group has helped clients resolve their bus accident injury cases through litigation and reaching a settlement. Preferably, you should discuss a settlement offer you receive with your bus accident lawyer, as he or she can advise you on your legal rights and the legal consequences of accepting the agreement.