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How to Maximize Your Auto Insurance Settlement
In the wake of a car accident, you’ll be dealing with plenty of expenses. From hospital bills to the cost of repairing or replacing a car, you’re in need of help after a crash. Luckily, you’ve been paying into your insurance policy, and that should cover all of your damages, right?
You might have already filed a claim, and now your insurer is working on your claim. Before you settle, however, you’ll need to know how to maximize your auto insurance settlement. It’s important to remember that you don’t have to accept the first offer that comes your way. Before you accept an offer, make sure you’re getting the full settlement you’re owed. An experienced lawyer can help.
Know Your Settlement’s Worth
First, make sure you’re getting the full settlement you deserve. This settlement should compensate you for all of the damages you’ve suffered, both economic and non-economic. Unfortunately, these damages can be difficult to calculate without a lawyer, so you might need help ensuring that you get the full settlement you’re owed.
Your economic damages will be some of the most visible and expensive damages you’ve suffered. These damages should cover any financial losses, such as:
- Property damage
- Lost wages
- Medical expenses
These damages can add up quickly, especially when you’re dealing with injuries that require long-term treatment, such as whiplash. You’ll need a lawyer to help you sum up the damages you’ve already suffered and estimate the future costs of that suffering.
What about your non-economic damages? These damages cover the mental and emotional anguish of an accident. Although they might not come with a price tag, such as a replacement vehicle might, they can still greatly impact your life and should be considered in your settlement amount. Seek a lawyer for the following damages:
- Pain and suffering
- Emotional trauma
- Loss of enjoyment of life
Don’t Settle for Less
Once you know what your settlement is worth, consider the offer from your insurance company. Are they offering you less than what your claim is worth? Don’t accept it. Many car accident victims don’t realize that they don’t have to accept the initial settlement offer.
If you believe the insurance provider isn’t offering you the full settlement you need, you can write a demand letter for your full settlement. In this letter, you’ll outline all the damages you’ve suffered and their value. If you’re struggling to compile this letter, or you’re unsure what all should be included, reach out to a lawyer for help.
Contact a Lawyer for Help
When you’ve been through a serious car crash, you’ll need a settlement that covers all of the losses you’ve endured. Unfortunately, that can be difficult if you’re not familiar with calculating claim value and how to combat a low settlement offer. You might need to enlist the help of a lawyer who can show you how to maximize your auto insurance settlement.
If you’re struggling to get your maximum settlement, seek out a free consultation with a lawyer from The Law Offices of Gary S. Greenberg. Our attorneys will work diligently for you when your insurance company doesn’t offer you the full settlement you need. Ready to get started? Contact us by calling 414-271-7007 or by completing the online form below.