17 March 2020
 Categories: Law, Blog

You might think that nearly everything can be done with a little web knowledge these days. Big box home improvement stores built their business model on those who want to take on a more substantial role than just hiring someone to do a job. There are some jobs, though, that are beyond the skills of an average consumer. Not only is doing it yourself unwise when it comes to accident settlements, but it may result in a loss of thousands of dollars in compensation. Read on to learn why accident settlements are more complex than many know.

Settlements: An Overview

When you've been injured in a wreck caused by the other driver, you are probably entitled to be compensated. The amount you receive depends on fault and your damages. You can be paid after an accident one of these three ways:

1. Accept what the insurer is offering to pay for your wrecked car and medical damages.
2. Accept a settlement from the at-fault driver's insurer using professional legal help.
3. Win a lawsuit judgment in court.

Of the three, number two is preferred. With a settlement, you are very likely to be paid more than what the insurer initially offers and yet you avoid the wait and expense of taking a case to trial.

Most Victims Don't Know What They Should Receive

Unfortunately, even savvy people may not understand the full extent of what they are owed by the insurer or how to negotiate for it. Some victims may accept a check to settle the case and never know what they might have been paid. For example, would you understand how to evaluate your future medical needs? If you need more surgery or physical therapy, was that included in your settlement? Along with future medical needs, payment for the following needs should be addressed:

• Medical expenses, particularly those in which you are denied payment for an expense from the insurer.
• Vehicle repairs or replacement, particularly for vehicles with large loan balances, those with extraordinarily high values, and rare and collectible vehicles.
• Lost wages, particularly for those who suffered long-lasting or permanent damage to their careers.
• Pain and suffering, which is seldom available without taking legal action.

Besides not understanding what damages are, many of those who want to do things themselves lack the skills to negotiate with lawyers from the insurance company. A personal injury attorney will know exactly what you are owed based on both your damages and other factors like your age and common settlements in your area. If you are owed money, don't sign anything without speaking to a lawyer. Consultations are usually free and you might be surprised at what you can get using professional legal support.

To learn more, reach out to a car accident attorney near you.