How to Maximize Your Car Accident Settlement
If you’ve been injured in a car accident that someone else caused, you may be entitled to financial compensation from that person. However, to get this compensation, you will either need to go to trial and win a verdict or accept a settlement from their insurance provider.
Because signing a settlement agreement also waives your right to sue in the future, it’s important to maximize its value, as you will likely be unable to demand additional compensation if your long-term expenses cost more than you anticipate. The best way to do this is by working with an experienced car accident settlement attorney.
What to Do if the Insurance Company Offers a Low Settlement
An important thing to recognize is that, as someone who has probably not been in this position before, you likely won’t be able to recognize good car accident settlement offers from bad ones. Whatever the insurance company offers you is likely less than your personal injury case is worth. That’s why they’re making you the offer in the first place; they want you to think it’s the best you can get and sign away your rights to truly fair compensation.
Don’t take the first personal injury settlement offer. Instead, contact an experienced personal injury attorney from our law firm to get car accident claims advice.
Key Steps to Take Before Signing a Settlement Agreement in New York
The following are some important steps to take before you sign a settlement agreement in New York:
- Consult an Experienced New York Attorney – Have a lawyer review the agreement and advise you on its terms.
- Review the Entire Agreement Carefully – Make sure you understand what you’ll be getting and the rights you may be giving up if you settle your case.
- Evaluate the Settlement Amount and Terms – Confirm with your personal injury lawyer that the compensation figure is adequate given the extent of insurance coverage and your long-term needs.
An attorney can help with the entire legal process, fighting for a fair settlement to cover your mounting medical bills, lost wages, and other losses.
Avoid Common Mistakes That Can Reduce Your Compensation
Don’t make the following mistakes that could reduce the compensation you could recover:
- Accepting the First Offer Too Quickly – Failing to evaluate whether the settlement amount and terms adequately compensate you for the long-term effects of your injuries could leave you paying out of pocket later on.
- Signing Without Fully Understanding the Agreement – Many people overlook important restrictions or obligations hidden in the fine print.
- Not Consulting an Attorney Before Signing – A car accident lawyer can identify legal risks as well as areas for negotiation.
How Medical Records Can Increase Your Settlement Amount
Medical records are among the most important pieces of evidence in your case. First, they can establish the connection between the car accident and your injuries, making it harder for the insurance company to dispute what happened.
Secondly, they prove not just the nature and extent of your injuries, but what long-term care you will need as a result. Beyond supporting the economic side of your case, they can also establish the pain and suffering you’ve endured, which can greatly increase the compensation you could recover.
Let Our Legal Team Help You Fight for Maximum Compensation
Scott C. Gottlieb, Injury Law Attorney wants to help with your car accident and insurance settlement. We have proudly served the Southern Tier for decades, and our AV Preeminent Rating from Martindale-Hubbell speaks to the quality of our service. Contact us today and let us help you pursue maximum compensation for your injuries. Your initial consultation is free and confidential, and you pay nothing unless we successfully resolve your matter. Call for your free consultation today.
