Maximizing Your Personal Injury Settlement: How to Avoid Lowball Offers and Secure the Compensation You Deserve
It is important to understand the dangers of lowball offers from the insurance companies and how important it is to be patient. Insurance companies often make quick settlement offers in an attempt to settle claims for less than they’re worth. But rushing into a settlement can mean leaving a lot of money on the table. If you’ve been injured, it’s important to understand how to assess an offer and when to push for a higher settlement.
Negotiating a Higher Settlement: Key Factors to Consider
Several factors contribute to the settlement value of your case:
The Severity of Your Injury: More severe injuries, especially those with long-term or permanent consequences, increase the settlement amount.
Medical Expenses and Future Care: You need to account for past and future medical expenses related to the injury, as well as pain and suffering.
Loss of Wages and Disability: The loss of income and any resulting disability from your injury significantly affect the settlement value.
Accident Reports and Fault: If the other party was entirely at fault, you have a stronger case, but shared fault (as in Louisiana’s comparative fault rule) will reduce your settlement amount proportionally.
How to Counter Common Insurance Tactics
Insurance companies are notorious for using tactics designed to pay out less than your claim is worth. They may offer quick settlements or pressure you into accepting a low amount. The best defense? Never settle too early. Always consult with an attorney to ensure that the offer is fair, and if necessary, take the case to mediation or trial.
Settling for Less? Know When to Hold Out for More
Many of my clients have accepted lowball offers out of desperation, but the truth is, those cases often have much more value. In many instances, clients’ injuries worsen over time, leading to higher medical bills and lost wages that were not initially anticipated. Always consult with your New Orleans personal injury attorney before making any settlement decisions.
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If you are looking for the best New Orleans personal injury accident lawyer, contact Lavis Law Firm Personal Injury & Accident Attorney at (504) 834-4000 for a Free Consultation.
I have been handling car accidents and personal injury lawsuits in the New Orleans area since 1995. Throughout my legal career, I have represented workers, consumers, homeowners, and business owners against insurance companies and corporations. I represent clients who have been injured due to the negligence of others.
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