What Is a Fair Accident Settlement?

person signing papers | what is a fair accident settlement?Settlement offers should help injury victims after a crash. However, insurance adjusters have a clear focus on profits over people during challenging times. Because of this, their settlement offers are often much less than people need to cover their losses.

Before you accept anything, you need to ensure that the settlement offer covers your expenses associated with the crash. Don’t accept a settlement until you have worked with a lawyer to explore your options.

What Should Settlements Include?

A settlement should factor in your economic and non-economic damages. First: your economic damages. These losses include all damages that you sustain that would cost you money. For instance, your economic losses can include medical bills, lost wages, vehicle repairs, and long-term care or physical therapy.

Your non-economic damages cannot be calculated because they include things such as your pain and suffering. The only way to maximize your non-economic compensation is by working with an attorney who can show the diagnosis of your mental trauma and pursue what you deserve.

What to Do When You Receive a Settlement Offer?

If you receive a settlement offer from the insurance company, don’t accept anything. First, speak with your legal team to understand what the offer covers and if you deserve to recover more. If the offer doesn’t provide you with enough compensation, you can counter the offer and pursue more compensation through legal avenues.

Remember one important thing: if you accept the settlement offer, you may not pursue further compensation. Your claim would essentially end, and it can significantly impact how much you might recover.

Our Oregon car accident lawyers at The Gatti Law Firm go above and beyond for you. We don’t want insurance companies to take advantage of your rights, and they hope that the settlement offer is enough to end the claim. With our team on your side, you can safeguard your rights and pursue the just compensation you deserve.

Call our firm today at (503) 543-1114 for your free consultation.

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