If you are looking to maximize your personal injury settlement, you are going to need to keep a record of all the medical care you received as well as any monetary losses you suffered because of your accident.
Whether you are looking to recover a settlement from the insurance company or the court, there are additional steps you should consider taking that may help you obtain the maximum amount your injuries and losses entitle you to collect.
Maximizing Your Personal Injury Settlement
Personal injury settlements help you get your life back on track after an accident. They allow you to access medical treatment and step away from your job while you work toward recovering, which is why it is important for you to get the most out of your personal injury settlement.
If you’re looking to increase your personal injury settlement, you’ll find a few suggestions on how you may be able to do it below.
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Collect what Evidence You Can Following the Accident
If you want to be awarded compensation for your injuries and losses, you will need evidence that shows a person or entity’s negligent behavior caused you to suffer injuries. Medical records, police reports, witness statements, and more are a few forms of evidence that can be used to help support your case and prove liability.
It is worth noting that a lack of evidence could result in an undervalued case. If you aren’t sure how to collect and preserve evidence to support your case, a personal injury lawyer at our firm can help you.
Don’t Allow the Insurance Company to Take a Recorded Statement
If the liable party’s insurance company reaches out to you before you have had the opportunity to speak with a lawyer, avoid providing the adjuster or agent with a recorded statement. In doing so, you protect yourself from saying something that could later be used to lower the value of your claim rather than raise it.
It is important to keep in mind that most insurance companies aren’t looking out for your best interests. Instead, they will try and reduce the value of your claim to protect the company’s profits.
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Obtain Medical Care As Soon As Possible
If you want compensation for your injuries, you will need to show you suffered them. To do this, you will want to visit with your doctor or any specialists he/she recommends who can identify the types of injuries you sustained (i.e. provide you with a diagnosis), what caused them, and how severe they are.
Medical records and doctors’ notes play an integral part in your case. They determine how much you should receive in medical expenses and provide a link between the injuries and the accident.
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Don’t Accept the First Settlement Offer Until an Attorney has Reviewed it
Insurance companies and at-fault parties will sometimes try and settle a case before it makes it to the courtroom. This not only saves time but also helps both parties avoid incurring legal fees. While you would assume the liable party would offer you a fair settlement the first time around, this is rarely the case.
The first settlement offer is usually for an amount that is less than what a victim is entitled to receive. They may not account for certain damages, or they may improperly calculate medical expenses. The best way to tell if your initial settlement offer is fair and reasonable is by having an attorney review it.
If you are entitled to more, our lawyers will negotiate on your behalf to try and get the other party to increase their offer.
Keep a Record of All Your Accident-Related Expenses
One way to tell whether your personal injury settlement is fair is by comparing it to the total amount you’ve incurred in accident-related expenses. This comparison includes travel costs, medical expenses, lost wages, pain and suffering, and more.
If your settlement doesn’t even begin to cover the medical care you received, this may be a clear sign that your personal injury award should be increased.
Get Your Personal Injury Lawsuit Filed in a Timely Manner
While you don’t want to rush into a lawsuit, you also don’t want to wait too long. Waiting too long could cause the liable party to question your injuries. Worse still, you could run out of time to take legal action. Each state has set a time limit for how long you have to file a personal injury lawsuit, known as the statute of limitations.
Need More Information on how to Maximize a Personal Injury Settlement? It’s Time You Call in the Strong Arm
The lawyers at Loncar Lyon Jenkins are here to help you understand the basics of personal injury law, including how to value your case.
If you were offered a settlement and aren’t sure if it should be for more, or if you are looking to retain a personal injury lawyer who can help you fight for a fair outcome, it’s time you contact Loncar Lyon Jenkins at (800) 777-7777.