How Is Your Injury Lawsuit Settlement Determined?
Being hurt in an accident can be one of the most traumatic things you experience - not only can the physical injuries change your life forever, but the financial burden an accident places on you could be just as difficult to fully recover from. As a result, it's important that you take the right steps to get the financial compensation you may be owed.
Under Florida law, anyone hurt in an accident that was caused by the reckless or negligent behavior of someone else can seek compensation for their injuries. Often, you may find yourself in a situation where the insurance company representing the other party involved is offering you a poor settlement. In other instances, you may end up having to go all the way to court to get what you deserve. In any case, it's important to have a personal injury lawyer on your side helping ensure that you get the compensation you're truly owed.
The reason is simple - the other side will do all that they can to avoid paying you a penny that they don't have to pay. They'll use a variety of tactics to do so, but one of the biggest is to offer you a settlement that is far lower than you actually deserve. If you accept a settlement, you basically ruin your chances of getting any further compensation. As such, it's vital that you make sure you only accept a settlement offer that is fair.
But just what is fair when it comes to a settlement? This can be a complex question to answer, as each lawsuit is different. However, your attorney will be able to review your case and determine just what you are really owed. A lot of different elements will impact the real cost of your accident, and as such will impact just what a fair settlement offer is. Some of the main things that need to be factored into a settlement will include the following.
• Medical bills
• Lost wages
• Future estimated medical costs
• Future estimated lost wages
• Compensation for loss of earnings potential - injuries that restrict your ability to work or to secure promotions or new careers
• Property damage compensation
• Compensation for your pain and suffering
Each of these needs to be considered carefully, and some may not be as clear and straightforward as others - such as estimated medical bills. In many cases, talking to professionals in various fields will be needed to create a clear picture as to what the real cost of your accident will be.
The overall goal of any personal injury settlement is simple - return those who are hurt to a financial state that they would have been in had the accident never occurred. The factors above will all need to be considered in a settlement to ensure that you get what you are really owed. And to ensure that you get the best possible amount, contacting a personal injury attorney is a must. They'll even consult with medical professionals and financial experts to create accurate estimates as to potential costs and financial losses you'll experience in the future - thus ensuring that your settlement is fair and that it helps you get back on your fee fully after an accident happens.
Our team is here and ready to help you get what you are owed. We've spent decades helping Florida residents make full recoveries after an accident, and have experience in all aspects of personal injury law. Contact us today to get your free consultation.