The aftermath of a car accident can be expensive, overwhelming and confusing for Louisiana victims. The expenses and financial losses often associated with accidents can quickly grow at a rate that outpaces a victim or his or her family's ability to pay. Even low-speed and relatively minor accidents can lead to devastating costs and damages.
As a car accident victim, you have likely experienced some of these difficulties first hand. You may have received offers from the insurance company to settle your case for a certain amount of money, but there are valid reasons to be careful and cautious before accepting. It is in your interests to pursue a settlement that is fair and reflects both your current and future accident-related needs.
How can you know a settlement is fair?
One of the most prudent steps you can take is to fight for a fair settlement. It is often possible to resolve a case out of court, but insurance companies do not have your interests in mind. With the hopes of avoiding costly litigation and paying less money, you may receive offers that seem good, but are actually not close to what your case is really worth.
During a time of physical pain and financial loss, it may be tempting to simply accept a settlement offer so you can move on. However, before you make any irreversible decisions, it may be helpful to consider the following facts:
- Settling a case is often less expensive and less stressful for both sides, and it is possible to negotiate the terms of a settlement.
- You can work to negotiate a better settlement amount, even after receiving an initial settlement offer.
- You have the option of drafting a demand letter outlining how much you deserve in the settlement and the strengths of your case.
The settlement process can be tricky, and victims often find great benefit in having experienced guidance as they walk through through the aftermath of a car crash.
When your future interests are at stake
Your future interests are on line after an accident. While settling a case out of court has many benefits, taking this course of action still requires careful consideration of all factors, knowledge of victim rights and experience with the personal injury claims process. In order to maximize your claim and get the full amount you deserve, it may be helpful to consult with an experienced personal injury attorney before you proceed.