If you have been injured in a car accident, it may be tempting to try and settle your claim on your own. Perhaps you simply wish to avoid a lengthy legal process. Or perhaps you honestly believe that the insurance company is offering you a fair car accident settlement. Unfortunately, there are numerous mistakes you can make during the settlement process. Some of these mistakes can cause long-term financial hardship for both you and your family. Here are just a few of the mistakes you need to avoid when settling your car accident claim.
Gather all Records and Receipts
An insurance company will never agree to a settlement without all of the medical bills and accident records in their hands. If you are claiming lost income, you also need to be sure to give them copies of all lost earnings, a letter from your human resources department, and copies of your paychecks. A doctor’s note is also critical, stating your diagnosis and how long you should refrain from working in your chosen profession.
Be Honest about Your Claim
Never overestimate damages or exaggerate injuries. The insurance company will find out—and this will significantly damage your credibility and your chance for compensation. Evaluate your claim honestly and try to determine the weaknesses in your case—before you bring it to the insurance company.
Know When to Hire a Lawyer
If your accident claim is significant or your injuries are severe, then it is time to hire an accident attorney. You may lose valuable compensation without a lawyer—and long-term injury expenses quickly add up. A lawyer can help you obtain up to 40% more compensation for your injuries and ensure that the insurance company does not take advantage of you.
If you have been injured in a car accident—we can help. Call us today for a free case evaluation. Helping our injured clients obtain the money they need to fully recover is our only priority.
Understand the Negotiating Process
The majority of car accident injuries and claims have a range of values that can be applied depending on the circumstances. Your attorney can help you determine the exact value of your case and the appropriate range to target. When an insurance adjuster offers you a settlement, never agree to the offer without taking some time to think about a counteroffer. The insurance adjuster will often use a “take it or leave it” approach to pressure you into accepting immediately—yet this is not usually the case. This is a negotiating process and virtually everything is up for negotiation.
If you or someone you love has been injured in a Denver car accident, don’t attempt to handle your claim on your own. Call Denver attorney Robert Paysinger today to discuss your case. Our law firm offers FREE case consultations and can be reached at 303.279.0221.
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