If you’ve been in an accident, then you’re probably wondering how you can get the most money for all of your medical bills and other related expenses. It’s tempting to accept the first offer that comes your way. However, it’s important to remember that their goal is to pay the least amount possible for your claim.
Keep clean record
By keeping good records, it may be possible to increase the settlement offer. However, if they refuse to increase the settlement offer, then it will be necessary to file a personal injury lawsuit.
Average settlement period
The average time it takes to settle a personal injury claim is 6 months. This is true for both cases where the plaintiff has filed an insurance claim, and those where he or she hasn’t. Sometimes, settlements are reached at any time during this period—but this isn’t always the case. If you’re waiting on your insurance company to agree to pay out, don’t get discouraged! It can take a long time for them to agree with your case; however, keep in mind that most people who win their cases end up receiving substantial compensation from their insurers before anything gets settled at all (which means there could be some money coming soon).
Reasonable Settlement Offer
The reasonable settlement offer is the amount that you and your attorney agree to in order to resolve your case. It will include any medical expenses, lost wages, pain and suffering and other damages. Your attorney should be able to help you come up with a reasonable settlement offer based on the facts of your case. A good rule of thumb is that if you can afford it, then it’s probably not enough money for any settlement at all.
When Can The Insurance Company Deny Liability Or Offer A Low Settlement?
When an insurance company denies liability, it is important to understand why. If they deny your claim and don’t offer any settlement at all, they may be trying to get you off the hook for their own legal fees (which could be thousands of dollars).
If the insurance company offers a low or fair settlement, it’s still important to ask yourself if this is enough money for what happened. Is there anything else that needs to happen before I can accept this offer?
Time to get fair settlement
The personal injury lawyer in Oakville knows that the process of settling a personal injury claim can take anywhere from a few weeks to a few years. The longer it takes, the more money you will have to pay in interest on the money you are owed. Insurance companies will try to drag out negotiations as long as possible in order to avoid paying fair settlements and keep their clients happy by making them feel like they are getting something for nothing.
Negotiating for a better settlement
If you have a personal injury claim, it’s important to know that you’re entitled to negotiate for more money in exchange for your silence and release from any claims against the other party involved in the accident. While the insurance company may be willing to pay out a certain amount of money through their policy, there are many factors that can affect how much they’ll pay out on top of that.