How do you know if a settlement offer is fair?

When an insurance company offers you payment for personal injury losses, you may have many questions, including whether the amount offered is fair. Review your Austin personal injury attorney quote before accepting anything.

If you have been injured in a car accident, slip and fall, or similar accident, the at-fault party’s insurance company may offer to settle the case. However, this offer may or may not fully and fairly cover your injuries. For example, when it comes to initial settlement offers, insurance companies usually offer much less than what your case actually is. Insurance companies do this so they know you’re in a hurry to settle your case – saving them a lot of money. After all, insurance companies are big businesses that don’t make money by paying out huge personal injury claims to accident victims.

If you have been injured in an accident that was someone else’s fault, it is important to have knowledgeable legal representation in your corner throughout your personal injury case. The personal injury attorneys at TK Injury Lawyers in Austin can help you determine whether a particular settlement offer is worth accepting – or whether you should litigate your case to a conclusion in the state court system.

Please call us today to learn more about how we can help you with your personal injury legal matter in Austin.

Factors to look for in a good settlement offer

Accidents caused by the negligence of others can cause serious injuries, including head injuries, back injuries, soft tissue contusions and broken bones. These injuries often require medical treatment, physical therapy, and sometimes lengthy procedures—such as surgery.

When trying to decide whether or not to accept a personal injury settlement offer, you should ask yourself the following questions:

  • Will the offer fully cover all the medical treatment I need due to the accident?
  • Will the offer cover any wages I lose as a result of being unable to work after the accident?
  • Will the offer compensate me for everything I have gone through after the accident, including mental anguish and inconvenience?
  • Will the offer cover me for all the pain and suffering I have suffered after the accident?
  • Will the offer reimburse me for any medical treatment I may need as recommended by my health care provider?

Tips for knowing if a settlement offer is fair

How do you know if the settlement offer you’ve been offered is fair? Here are some ways to determine if our settlement offer is fair or unfair. If you are faced with a settlement offer, never act before speaking with a personal injury attorney.

1. Think about the current and future costs of your injuries

Your settlement offer should cover the costs of your current and future damages. Your damages may be so severe that you will need to seek enough compensation to live on.

This means you should receive adequate compensation for your current and future medical bills, lost income you may not be able to recover, and any future physical and mental pain.

You may think that counting hundreds of thousands of dollars is ridiculous. But if you sit down and do the math, it’s in the right square.

2. Think about your responsibility and the other person’s responsibility

Insurance companies will do anything to avoid the test. But what motivates insurance companies to give you a great settlement offer is how responsible their client is for your injuries.

If you have the right evidence to show that the other person was fully responsible for your injuries, you can often convince the insurance company to give you a larger settlement offer.

Even if you were partially responsible for your injuries, you can still recover compensation in most cases. This can be a more difficult process, but the right attorney can help.

3. Do not accept the first offer from the insurance company without legal advice

One of the biggest red flags about your settlement offer is if the insurance company gives you a quick offer. There is a difference between what the insurance company knows you owe and what they offer you.

They try to save money by offering a smaller amount for your claim. No matter what insurers say, their actual offer is almost always less than what you can negotiate in your settlement. That’s why you always want to say no to any offer they make you.

Talk to an experienced personal injury attorney in Austin today about your claim

If you have been injured in an accident caused by someone else’s negligence, the skilled legal team at TK Injury Attorneys will strive to obtain the maximum amount of monetary compensation available to you in your case. We can also help you decide whether you should accept the offer, litigate the case, or take it to court or alternative dispute resolution.

For a free legal consultation and case evaluation with a knowledgeable Austin personal injury attorney, please call (512) 910-2000 today or contact us online for more information.

Trent Kelly

Trent Kelly received his law degree from the University of Arkansas in 2007. He is licensed to practice law in Texas and regularly assists clients with their legal matters. Trent’s practice focuses primarily on personal injury, particularly involving motor vehicles (such as cars, commercial trucks, 18-wheelers, and motorcycles) and wrongful death, but he also handles a variety of business litigation matters. comes out. Click here to review some of the complex cases Trent has handled.

Years of experience: +15 years
Address: Austin, TX

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