A good settlement offer is one that fully compensates you for all the damages you have suffered due to an accident or injury caused by someone else's misconduct. It should cover not only current medical expenses, but also future costs, lost income, and other losses. A good settlement offer works in your favor and puts you back in a favorable position once the agreement is final. Settlement offers must take into account all the factors that have affected you in relation to your losses, damages and personal injuries. For example, insurance companies use charts, graphs, and calculations to determine the best offer for a claim.
They are usually fair in their decisions, but make no mistake in saying that the insurance company wants to reduce part of the agreement if they can get away with it. Some say that the measure of a good agreement is when both parties leave the agreement unhappy. This means that the defendant paid more than he wanted to pay and the plaintiff accepted less than he wanted to accept. There are several factors that can serve as guidance as to whether the agreement should be accepted.
In general, if an agreement close to the face value of the case can be reached, it should be considered that this is a very good agreement. One of the first considerations that lawyers and clients must consider is the possibility of prevailing on the issue of liability. If it is clear that the other party is at fault, the settlement offer should not be reduced because of the risk of losing the case. If the plaintiff has only a 60% chance of prevailing in terms of liability, he may want to consider accepting 40% less in the settlement. A reasonable settlement offer is one that adequately covers your medical expenses, lost wages, and any additional losses you may have suffered, although it can vary significantly from claim to claim.
Working with an experienced personal injury attorney can give you a better idea of the amount of compensation you should expect as part of a reasonable settlement and, in many cases, how to determine if that offer effectively meets your needs. A Phoenix personal injury lawyer can also present your case in court if your insurance company refuses to offer a reasonable settlement and you decide to file a personal injury lawsuit. When it comes to a personal injury case, receiving a low settlement offer from an insurance company can be frustrating. A good settlement fairly compensates you for all your damages, including medical bills, lost wages, pain and suffering, and future medical expenses. A reasonable settlement covers both economic and non-economic damages and reflects the extent of your injuries.
In most cases, you must reach a maximum level of recovery before accepting a settlement offer. However, if that's not possible, you should at least have reached a phase of your treatment where you are comfortable with your physical condition. You should not agree to resolve your case until you are comfortable with your medical treatment. A reasonable settlement offer is one that includes medical expenses, lost wages, pain and suffering, and property damage.
While it varies from case to case, an experienced personal injury attorney can help you find a reasonable amount for your case.
