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Should I Accept a Settlement from the Insurance Company?

When an insurance company presents an initial settlement offer, it's crucial to understand the calculus behind the figure. Typically, insurers evaluate the severity of the incident, the clarity of liability, the extent of injuries, and the victim's personal circumstances. They often employ software programs that input these variables to produce a starting number. However, this initial proposal is rarely a reflection of the true value of your claim.

Evaluating Your Claim's Value

Estimating the True Cost of Your Damages

To accurately estimate the value of your claim, you must consider every aspect of your damages. This includes direct costs like medical expenses and lost wages, but also intangible losses such as pain and suffering. Calculating medical expenses should take into account both immediate treatments and any ongoing rehabilitation or therapy. Lost wages are not just past lost earnings but also future earning capacity if your injuries affect your ability to work. Pain and suffering, while more subjective, are equally important and can significantly increase the value of your claim. A comprehensive evaluation ensures you are seeking a settlement that reflects the full impact of your injuries on your life.

The Impact of Comparative Negligence

In personal injury cases, the concept of comparative negligence can greatly affect the outcome of a settlement. This legal doctrine reduces the amount of compensation you can receive based on your percentage of fault in the incident. For instance, if you are found to be 20% at fault for an accident, your settlement could be reduced by that same 20%. Different states have varying rules on comparative negligence, with some following a "pure" comparative fault system while others adhere to a "modified" one. It's essential to understand how these laws apply in Tampa, FL, as they can significantly influence the settlement amount you're entitled to receive.

Contact an Attorney

If you're navigating the complexities of a personal injury claim and considering a settlement offer, the attorneys at Gunn Law Group P.A. are here to help. Our experienced team can provide the expertise and advocacy you need to ensure that your rights are protected and that you receive fair compensation for your injuries. Don't settle for less than you deserve.

Contact us today to discuss your case and explore your options for achieving the best possible outcome.