Were you injured in an accident?
You may have been contacted by the responsible parties insurance company. If you haven’t, it may only be a matter of time. Insurance carriers are popular for making low-ball settlements early on in the process in order to avoid larger payouts.
Offering You Fair Money
Despite what the title above says, that is almost nothing fair about fair money. When an insurance company puts an offer on the table that they qualify as “fair money” it is legal for you to accept such an offer, however, in many cases, injury victims do not understand what is fair in their case.
Fair money is a sum of compensation that is offered as a result of damages that you incurred as a result of your accident injuries. This can encompass a variety of “damages” such as; property damages, lost wages, medical bills, other economic loss as well as pain and suffering.
When an insurance company offers you any form of financial payment, it is not likely that you will be able to calculate both short and long terms financial needs, more will you be able to understand the overall economic impact on all facets of your life. An experienced personal injury attorney can give you a better understanding of what should be covered and how best to help you get the resolution that you deserve under New York law.
Do Not Accept a Settlement Without A Personal Injury Lawyer
While you can be an educated accountant or financial planner, understanding what fair money is in your own particular case can be complex. You may attempt to calculate all of your bills, loss of income, and property damage but there are areas where only an experienced personal injury attorney can assist you with estimating what is actually fair. This can be a complicated process that should not be rushed through as once you accept any funds, you will not be able to come back later and tell a judge that you did not know any better. You do not and will not know the extent of your injuries early on in your case, some related injuries or the extent of the damage will not surface until much later. In effect, you do not know what income loss can lead to the loss of future opportunities that may be missed for unexpected surgeries or other unforeseen implications resulting from your accident injury.
Get Qualified Personal Injury Help, Call Scott Cerbin Today.