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Is the Settlement I’m Being Offered Adequate?

Posted on: January 12, 2021

Receiving a settlement offer can be both exciting and confusing. It may seem like a lot of money and you may be tempted to accept it right away. However, it’s important to make sure that the settlement is adequate and if not, a counteroffer should be made. Here’s how you can tell if your settlement may be sufficient and where to get legal help when you need it most. 

You’ve Reached the End of Your Healing Journey 

Chances are if you’re still receiving medical treatment, your settlement offer is going to be too low. This is because insurance companies usually account for current medical treatment and don’t necessarily include future medical costs unless they’re made to. You should only review and consider settlement offers once you’ve reached the maximum level of improvement possible. 

Your Medical Expenses and Economic Damages Are Paid For  

A personal injury claim is the primary way that accident and injury victims recover expenses related to an incident that someone else caused by negligence or carelessness. If your settlement offer doesn’t at least include enough to pay all of your medical bills and other damges, you should consider counteroffering. 

Your Future Injury-Related Medical Expenses Have Been Considered 

A good personal injury settlement includes funding for anticipated future medical expenses, like continued rehabilitation, medication, and other types of therapy or treatment. This is because you can’t seek additional restitution once the agreement is signed, even if you continue to incur costs, so it’s important to make sure you have enough funding for future expenses before accepting the offer. 

You Are Being Fairly Compensated for Psychological and Physical Suffering 

Non-economic damages are another form of compensation that your personal injury settlement should include. The amount of this type of restitution is subjective and is largely calculated by reviewing the evidence you’ve brought that the injury caused you serious and significant psychological, emotional, and physical pain and suffering. 

Ensure You’re Getting the Maximum Settlement Possible After Being Hurt By Someone Else 

If you or a family member have been injured by someone else’s negligent or careless actions, you deserve the maximum possible compensation for the financial, emotional, and physical suffering you’ve endured. Call Zink & Lenzi personal injury lawyers today to book your initial consultation to discuss your case at 530-895-1234. Our caring and experienced legal team is  available now to help you and your loved ones get through this difficult time.

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