Often times insurance companies will try to settle with an injured party very soon after the accident. We see this more often with folks who are not represented by a personal injury attorney. One of the most important things we tell our clients is that you don’t want to even talk about settling until you have engaged in medical treatment to the extent that you are aware of the full nature of your injuries. Ideally, a settlement demand won’t even be made until after someone has reached maximum medical improvement. Getting a quick offer in the months after a serious accident is a sure red flag.
Non-economic damages are essentially costs accrued from things that don’t have an exact number on them to calculate. This means things such as pain and suffering, mental health issues, loss of loved ones, etc. When the negligent party causes you to suffer, they are going to be held responsible, so don’t let them get away with a quick, cash settlement when you are entitled to much more. This area can be hard to put an exact number on, since it doesn’t come with a receipt for the costs like medical bills and property damages. A good personal injury attorney can help you determine how much to ask for in non-economic damages that is fair and will most likely be accepted by the at fault party or their insurance company. If you are trying to settle without a lawyer, check out our article on how much to ask for in a personal injury settlement.
If your settlement offer came very quickly after the accident, it’s highly likely that you don’t know ALL of the costs involved yet since personal injury lawsuit timelines differ on a case by case basis. There could be hidden costs in replacing damaged property, unknown future medical costs, future lost wages depending on how long it takes to fully recover, and much more that you may not think of right off the bat. It may be tempting to just accept the money when a big check is presented to you, but always make sure you consult with an experienced personal injury law firm before accepting any settlement because they will know what to look for and how to calculate exactly what your settlement should be. As the injured party, you never want to take on the financial costs that arise from another person’s negligent actions, so make sure you are getting fair compensation for everything.
If you have been injured and have been presented with a settlement offer, give us a call so we can go over your expenses and make sure you are getting a fair amount of compensation. Many settlement packages are dramatically undervalued and we want to make sure you are getting all of your expenses covered and then some. You shouldn’t have to suffer financially, physically and mentally because of someone else’s negligence, call us today to be sure you are getting the settlement you deserve so you can get your life back to normal as fast as possible and without lingering bills that your compensation package left out. We offer free consultations anytime, so don’t hesitate to reach out. At Rector Stuzynski LLC, we get you MORE.
We serve clients injured anywhere throughout the state of Colorado, but we focus on residents of these areas: Colorado Springs, Manitou Springs, Fountain, Briargate, Monument, Black Forest, Pueblo, Canon City, Larkspur, Security-Widefield, Peyton, Falcon, Calhan, Castle Rock, Teller County, El Paso County, Elbert County, Park County, Douglas County and beyond.