How Do I Know if a Settlement Offer is Fair?
If you have been injured in an accident that was caused by another party’s negligence, you can file a personal injury claim with the negligent party’s insurance company and recover financial compensation. When dealing with a personal injury claim, one of your biggest concerns may be how to tell if the settlement offer made by the insurance company is fair. Having a skilled personal injury attorney review a settlement offer before you accept it is the best way to determine if a settlement offer from an insurance company is fair. If you’ve suffered injuries in an accident that was another party’s fault, it is crucial that you have an experienced personal injury attorney by your side. The personal injury attorneys at The Pendas Law Firm can help you determine if a settlement offer from the at-fault party’s insurance company is fair and worth accepting or if you should fight for more compensation.
Things To Consider When Determining if a Settlement Offer Is Fair
An attorney is your best option when you are trying to determine if a settlement offer from the at-fault party’s insurance company is fair. However, there are other ways to determine if you have a good settlement offer for your injuries and damages. The following are some of the ways to know if a settlement offer from the negligent party’s insurance company is fair:
Consider the Extent of Your Medical Expenses
A fair settlement offer should adequately compensate you for all your medical expenses. The right offer must cover the costs of your past, current, and future medical expenses (if applicable). If your injuries are so severe that you will require ongoing medical care, you must ensure that the settlement offer covers the costs of your ongoing medical care.
Consider the Extent of Your Other Damages
Before accepting an insurance company’s settlement offer, evaluate the extent of all your other damages, including economic damages such as lost wages and property damage, and non-economic damages such as pain and suffering and loss of enjoyment of life.
Think About Your Liability and the Defendant’s Liability
When determining if an offer from the at-fault party’s insurance company is fair, assess the determination of fault. A fair settlement offer accurately reflects the degree to which the defendant is at fault. If the offer does not accurately reflect the defendant’s level of fault, you should not accept it.
Was This a Quick Settlement Offer?
One of the biggest red flags that the insurance company’s offer is unfair is if the insurance company makes the offer quickly. If this is the first offer from the insurance company, it is highly likely that it does not include your total damages. You cannot know the full extent of your injuries and damages at the early stages of your personal injury case, nor can the insurance company.
Contact Our Orlando Personal Injury Attorneys
If you’ve been injured by another party’s negligence, our Orlando personal injury attorneys at The Pendas Law Firm can help you pursue the compensation you deserve. We can also help you determine if a settlement offer from an insurance company is fair. Contact us today to schedule a consultation.
The Pendas Law Firm also represents clients in the Tampa, Fort Lauderdale, Ocala, Bradenton, Daytona Beach, West Palm Beach, Jacksonville, Naples, Melbourne, Miami, and Fort Myers areas.
