Q: How do I know when an insurance settlement is fair?

How do I know when an insurance settlement is fair?

Without the help of an experienced attorney, it is difficult to know if you have received a fair insurance settlement offer. A New York injury lawyer is a great asset in determining whether or not the insurance company offered a fair settlement, as an attorney can help estimate both your immediate and future needs related to your accident injury.

Unfortunately, too many individuals accept and sign off on an insurance settlement without knowing if they have received what they are due. The insurance company is actually counting on this and is hoping you’ll accept a settlement offer for as little as possible.

Overview of a Fair Insurance Settlement

A fair insurance settlement is one that covers all of your medical expenses related to your car accident in New York. This includes expenses for a hospital stay, treatment you may receive and any follow up visits with a doctor.

It is important to understand how the full extent of your injuries may affect you in the future. If there are future medical expenses related to your injuries, such as surgeries, rehabilitation or therapy costs, you’ll want to make sure those are included in your insurance settlement.

If you miss work because of your injuries, then your insurance settlement should also cover lost income. In addition, you may also be entitled to receive compensation for pain and suffering or emotional distress. These types of damages are difficult to quantify, which is why a New York injury lawyer should evaluate your case.

The reality is that you are likely to get a more substantial insurance settlement if you have the help of a New York injury lawyer. An attorney can negotiate with the insurance company and assist you through the entire claims process.

Contacting a New York Injury Lawyer

When you have sustained a severe injury or lost a loved because of a serious accident you are entitled to seek compensation for your damages and suffering. Consulting with a New York injury lawyer can help you better understand your rights, determine liability for your injuries and decide if filing a personal injury claim is right for you.

At Gacovino Lake & Associates we have formed a dedicated network of personal injury lawyers that serve clients nationwide. Our New York office serves residents of the 5 boroughs with their auto accident, medical malpractice, defective drug, premises liability and Workers’ Compensation claims. For experienced help with your personal injury claim, contact us today – 1-800-246-4878.

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