How to get the most out of your car accident settlement
Posted: Ralph Stricker
You have been involved in a crash and the only thing on your mind right now is how to proceed with settling the car accident claim. The settlement letter from the insurance company has not arrived and you do not know what to do. All you want is to receive reasonable compensation for your financial loss and not get screwed. Settling a car accident claim without a lawyer is difficult. You do not have experience dealing with auto insurance companies. Yet, it is not impossible. In this article we will offer you some tips on how to settle your auto accident claim.
Should you consider self-representation?
It is important for you to determine whether or not self-representation is the best solution for you. California accident lawyers claim that it is hard to settle a personal injury case on your own. This may be the case, but if your injuries are relatively minor, it does not make sense from an economic standpoint to hire a lawyer. So, what do you do about advice? If you really need help with your case, find a legal practitioner that offers free advice. Such lawyers do exist. You should only consider self-representation if you are in the following situations:
- You were not badly hurt. If you suffer from minor injuries, the insurance company will not offer to pay you a quick settlement. However, you have undergone medical treatment and you do deserve compensation from your financial burden
- You are not sure who was at fault. If you are uncertain about who was responsible for the car accident, you are most likely the one to be blamed. Gather witness testimonies and evidence and build your case. Do not forget to consult with a lawyer.
Settling your personal injury case
When you settle a car accident claim, you do not deal with the other driver, but with their auto insurance company. You will be working alongside a claims adjuster hired by the insurance company. This person will assess your claim and provide you an initial settlement offer. The question now is if you should accept this offer. The insurance adjuster never ever starts the negotiation at the middle of the dollar range. So, you will receive a low settlement offer. Do not accept the initial settlement offer. You think that you are receiving a lot of money, but in fact you receive too little for what you have suffered. Reject the offer and try to increase the value of your compensation.
Determining how much your claim is worth is not simple. You need to add up all your medical bills, cost for prescriptions, lost income, vehicle damage, and other expenses. There is also pain and suffering, which is a rather subjective factor. Yet again, it is important to consult with an accident lawyer. What you need to remember is that you will only receive one award from the insurance company. So, be sure that you are receiving a fair amount of money before agreeing to anything. You cannot change your mind and ask the auto insurance company for more money.
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