Before you accept an auto accident settlement, here are some questions you should ask:
1. Will It Cover Future Medical Bills?
You probably have a good idea of the medical costs you have already accumulated, and the settlement offer may seem sufficient to cover those bills, but are you fully recovered? If you are going through physical therapy, require additional surgeries or even need to see your doctor for followup appointments, you have the right to compensation for these health care costs in addition to those you have already accumulated.
2. Are All Your Lost Wages Covered?
Determining how much compensation you should get for lost paychecks may not be as simple as counting the number of days you missed. What if you used to work overtime regularly? Worse yet, what if the injury impacts your future wages. Perhaps you have to take a lower paying job now, or are unable to work altogether. Insurance companies hope you will overlook things like this and just accept a settlement offer.
3. Are You Being Compensated For Pain And Suffering?
As complex as calculating medical costs and lost wages can be, calculating compensation for pain and suffering is even more challenging. However, the law says you are entitled to compensation for what you have gone through. Do not let the insurance company get away with skipping this in their settlement offer.
4. Is Property Damage Included?
Property damage may be a secondary to your physical health, but that does not mean it should be overlooked. You may be entitled not only to money to repair or replace your vehicle, but for the cost any other personal property damaged in the crash, as well as the cost of a rental car. Do not let these costs get lost in the shuffle.
5. Will This Impact A Claim For Punitive Damages?
In some cases, when the negligent party’s actions are illegal or extremely egregious, you may be entitled to punitive damages. This is additional money paid directly to you from the negligent driver. This is a way to punish the negligent driver. While this is not paid by the driver’s insurance company, you should be certain that you are not giving up on the right to pursue this or any other form of compensation by accepting a car wreck settlement.
Have The Settlement Offer Reviewed By A Lawyer For Free
There is no cost to you to have a lawyer at the law office of Leonard B. Gabbay, P.C., review your claim and educate you about your options.