Should You Take the Settlement Offer?

When dealing with the insurance companies, it can be a good thing to have a little bit of skepticism. Insurance is supposed to be there when it is needed most, right? The truth is the insurance companies are there to make a profit at the end of the day so their main concern may not always be getting you the results you truly deserve. In a personal injury case a settlement can be an important thing to consider. It may allow you the chance to gain a satisfactory outcome without having to go to court. On the other hand, the insurance company may try to persuade you into an amount that is lower than you should be taking. What seems like a great choice at the time, isn’t always the right choice for your future.

How do You Know if the Settlement is Fair?

Every cases is unique and needs to be assessed on this basis. Working with an attorney is truly an important part of a case, as they have the experience to better understand the amount you are owed. When considering a settlement, think about the full scope of the accident. Did you miss work and are now faced with lost income? Will you be able to return to work or do you need to learn new skills? More serious injuries may leave you with long term affects and this is a very important factor to take into account. You may need treatment for an extended period of time or you may even face a lifelong disability. When an insurance company makes an offer, it can sound like a great option at the time. Many people later find out that what seemed like a high amount of compensation is insufficient to cover their full costs of medical care, lost wages or further pain and suffering.

Before deciding if you will take the settlement, allow an attorney to review the situation. They can work with other specialist to gain a greater idea of what the long term cost of the accident will be or to better comprehend the full scope of what was lost as a result of the accident. This allows them to argue for a fairer amount, or to even take the case to court if that is the best way to find the necessary solution. There is no exact way to determine if the settlement is right for you, but working with a professional may offer far greater accuracy. Get in touch with our Alaska personal injury lawyers today to have a qualified professional on your case. The compensation that you receive in your case can be a critical matter.