When Is the Best Time to Settle my Personal Injury Case?
Going through the personal injury claims process can be difficult on your own. There are many nuances to this process and there is no black and white answer to how long this process will last. In our experience, however, there are some things to look for when it comes to knowing whether to settle your personal injury case or fight for a larger settlement offer.
Factors That Impact Length of a Case
There are many factors that may impact the length of your personal injury case, including:
Arguments over facts of the accident or injury
Whether large amounts of money are involved
The extent of your medical treatment
In addition, there is a theory that the end of the year is the best time to settle. Many insurance adjusters want to close out their cases before the end of the year to start out on a fresh foot at the start of the new year. This could help you obtain the full settlement you need, however, your attorney will advise you whether your case is worth more than what the insurance company is offering.
Calculating Full Damages
If the insurance company does not offer you a fair settlement for your full damages, you should not settle. Many times, the insurance company will try to offer you a low settlement, hoping that you take it without any questions. You should not settle for less than you are entitled to receive.
Your personal injury attorney will be able to calculate your full damages related to:
Ongoing medical treatment
Past, present, and future lost wages
Emotional injuries related to
Catastrophic injuries, if applicable
Once this process is complete, you will be advised whether you should take the revised settlement offer. However, if the insurance company does not budge with their offer, your attorney should be willing to protect your rights to compensation in court.
If you or a loved one is injured in Austin or Waco, Texas, make sure to seek the help of a seasoned personal injury attorney. Our firm is dedicated to ensuring that injury victims receive the maximum compensation that they need to heal. If you are unable to make it to our office, we are also willing to travel to your residence or wherever you are seeking medical treatment.
The time to act is now. Contact the Law Offices of Vic Feazell at (512) 271-5278 to schedule your free case review.