A good settlement offer will cover all current and future medical expenses you may accumulate as you recover from your injuries. Depending on the severity of your injury, you could end up needing long-term care or rehabilitation, which costs a lot. A good settlement offer works in your favor and puts you back in a favorable position once the agreement is final. Settlement offers must take into account all the factors that have affected you in relation to your losses, damages and personal injuries. For example, insurance companies use charts, graphs, and calculations to determine the best offer for a claim.
They are usually fair in their decisions, but make no mistake in saying that the insurance company wants to reduce part of the agreement if they can get away with it. When the defense makes a settlement offer, it will review the evidence and see if it believes that you were involved in the accident or not. When insurance companies see that you have chosen to work with an attorney, they will often issue a better and more reasonable agreement that accurately reflects your real financial needs. This is difficult if one of the guilty parties is not solvent or cannot contribute to the solution. If you were to leave work for a few days after the incident because of your injuries, a reasonable settlement offer would include the loss of your wage.
Filing a personal injury claim may mean that you have to spend significant time seeking settlement offers. A reasonable settlement offer can be significantly influenced by the insurance policy that covers the responsible party, affecting what is considered fair or adequate compensation. The factors that apply to resolve a settlement are those that are necessary for you to receive the money you deserve, in full refund for your losses. Often, insurance companies start with a poor settlement offer that may not come close to offering the full compensation you would realistically expect for your injuries.
Your lawyer can then review the expenses and losses you incurred and then compare that figure to the settlement offered to you. An experienced personal injury attorney can use their legal knowledge to review settlement offers and help you make the best decision. Accept that you may have to wait a while to receive a reasonable settlement agreement and that, in the meantime, you may need to conduct those ongoing negotiations. If you were seriously injured, it's likely that you've been out of work for a while and that you'll be out of work even after the trial ends and a settlement has been accepted. If you cannot prove that you have suffered significant injuries, the defense will know that your case is weak and will have no motivation to make a good settlement offer.