If you were in a car accident, you may be wondering what a good settlement offer looks like. It’s important to know that you should be compensated for your medical expenses, property damage, and time off from work.
A good settlement will also take into account the pain and trauma you have experienced. Keep reading to learn more about what to expect from a good Albuquerque car accident settlement.
Defining a good settlement offer
In the process of negotiating a settlement after a car accident, it’s important to be aware of what constitutes a ‘good’ offer. A good settlement covers the full extent of medical expenses, property damage, and lost wages caused by the accident; but beyond that, it should also adequately account for the emotional and physical distress from the incident.
Ultimately, a good offer should recognize all aspects of how an accident has affected you – financially and otherwise – ensuring that you are adequately compensated accordingly.
How to calculate what your medical expenses, property damage, and time off from work are worth
Calculating the exact value of your medical expenses, property damage and time off from work is essential when settling a car accident.
The first step is to document each of these points in detail. Consider any medical bills you paid or expect to pay, the amount of damage done to your vehicle, and how much time off you had to take from work. Don’t forget you can also factor in aspects such as rental cars, pain, and suffering which may not be included in a typical calculation.
Once you have collected all the information needed, come up with estimates for each individual element that makes up the accident settlement offer – this way you will arrive at a fuller and more accurate understanding of what your claim is worth.
By spending time on the task now, you can put yourself in a better position later when it comes time to negotiate a fair settlement with an insurer.
Why you should hire an experienced Albuquerque car accident lawyer to help you negotiate a fair settlement
When you have been in a car accident, it can be difficult to get yourself back on your feet. Not only are you dealing with physical pain and emotional trauma, but you also may be struggling with medical bills and property damage expenses.
To make sure that you receive the fair compensation that you deserve after an accident, it is important to hire an experienced Albuquerque car accident attorney who can help guide you throughout the negotiation process.
An Albuquerque car accident lawyer can ensure that your settlement covers your medical expenses, property damage repairs, and time off from work.
So if you have been injured in a car accident, it’s essential to find competent legal counsel to handle your case — don’t let yourself or your loved ones endure the financial burden of an unjust settlement.
What to do if the insurance company offers you a lowball settlement
When you’ve been involved in a car accident, the results can be both emotionally and financially devastating. But when the insurance company offers you a lowball settlement offer that doesn’t adequately address your financial losses, what should you do?
First, stay calm and understand if the offer is inadequate it doesn’t mean that all hope is lost! Instead, take the time to reassess the losses associated with your accident and reach out to an attorney or a trusted legal advisor who can help you determine if the settlement offer is reasonable.
They may even be able to negotiate on your behalf for a better deal, or present alternatives so that you don’t have to settle for something less than what you deserve.
How to appeal a denied claim or lowball offer
If you’re unfortunate enough to be involved in a car accident and have lost out on a good settlement offer, you should always consider appealing the decision with the claims supervisor. Depending on the situation and why your claim was denied or undervalued, there may be avenues of appeal open to you that could help secure a more appropriate level of compensation.
This could involve further investigation into the cause of the accident, involvement of medical specialists to assess any injury-related losses, or questing an independent actuary to accurately evaluate all other types of valid claims against the available insurance coverage.
Having an experienced legal team on hand can make navigating these processes much easier and get you closer to a fair settlement decision without costing you time and hassle.
If you have been in a car accident, it is important to know what a fair settlement offer looks like. You should calculate the value of your medical expenses, property damage, and time off from work. It is also wise to hire an experienced Albuquerque car accident lawyer to help you with the negotiation process. If you are offered a lowball settlement, you can appeal the decision or claim.
If you have been injured in an auto accident in Albuquerque, NM, and need the assistance of one of the best Albuquerque car accident lawyers call Goldberg & Loren at (505) 317-5813 or fill out the form for a free consultation.
