When settling a personal injury case in Yuma, it is natural to have questions about how much compensation you can receive and how the process works. That is why in the below guide, we go over key details of the settlement process to help ensure you are able to go after every last dollar you deserve.
Figuring Out the Settlement Amount
When you file a personal injury lawsuit, the settlement amount you receive is usually a result of an agreement between the parties involved. The payment is meant to cover any damages you may have suffered, including economic damages like medical expenses, property damage, or lost income. Non-economic damages like pain and suffering, emotional distress, and loss of enjoyment of life can also be included.
More importantly, when you work with an experienced Yuma personal injury attorney, you will not have to take on this complicated process alone. Rather, these legal professionals can handle these negotiations with the other side for you and help bring closure to this challenging time in your life.
Rejecting a Settlement Offer
When the other party proposes a settlement offer, and you feel that it does not adequately compensate you for your losses, you are entitled to refuse it. However, determining whether a settlement offer is reasonable may be difficult. That is why It is crucial to work with legal professionals who understand the settlement process and can help determine a justifiable amount.
These Yuma personal injury accident attorneys can also handle the settlement discussions with the insurance company on your behalf and ensure these companies do not try to take advantage of your vulnerable situation and get you to agree to less than you deserve.
Factors That Can Impact a Settlement Offer
While there are a variety of factors that can impact your settlement offer following a Yuma personal injury accident, some of the more common factors include the following:
- The extent of your injuries
- The amount of medical bills you sustained
- Whether the insurance policy is willing to work with you when it comes to your claim
- The certainty of liability
However, to better comprehend which factors can influence your settlement offer, consider reviewing your legal claim with an experienced Yuma personal injury attorney. These legal professionals can carefully analyze your accident, identify the relevant factors that can impact your case, and assist you in pursuing the compensation you are entitled to.
How Are Personal Injury Settlements Paid Out?
If you are awarded a personal injury settlement, there are various ways you can obtain compensation. For instance, you can obtain a lump-sum payment or a structured settlement. However, if you choose the structured settlement, the settlement terms cannot be changed.
Contact Territorial Law, LLC, Today To Learn More About Settlement Amounts and Go Over Your Case for Free
Obtaining the compensation you need after a Yuma personal injury accident is critical to protecting your financial security, health, and future. That is why, following a Yuma personal injury accident, contact Territorial Law, LLC today to review your options for free and learn how our legal team can help you.