Your case doesn’t get any more valuable just sitting in our filing cabinet collecting dust. The longest part of any case is generally waiting for you to get better. You are treating with your doctors, building a record of your progress, and once you are released and back at your normal level of health, you will recover. Once you are done, we get your bills and records. We start building our demand package, which is our mini case and what we are going to show the jury if we go to court, and we use that to show the insurance company that the value of your claim, the extent of what you’ve been through, and we send it over. We give the insurance company 30 days to respond, and if they don’t, we’ll discuss filing a lawsuit and take it to the next step.
Usually, they’ll respond within 30 days, and that’s their first offer. That’s when we start negotiating back and forth. We’ll come down from our first demand with your authority. They’ll come up again, and we’ll come down again. We go back and forth until we get their top offer, and that’s when we start discussing your options. Either accept the offer, close your case, get you paid, or talk about filing a lawsuit, going to court, and what that entails. It’s not a long process once you are released. We can usually get the negotiations started within 30 days and get the top offer quickly after that.
How Much Am I Going To Get For My Injuries?
We want you to get compensated as much as possible because this happened to you. But, when we start negotiating with the insurance company, we start high, they start low, and then we talk to you and get authority on what you feel comfortable with us negotiating with counteroffers. Eventually, we get to an impasse with the insurance company, where they are offering as much as they are willing to provide outside of filing a lawsuit and going to court. So, that’s when we sit down and discuss how you feel about the status of the negotiation and the current offer. So, case-by-case, our goal is to get you what makes you happy, which generally involves making sure that your medical bills are covered in full, any lost wages you’ve missed are repaid, and an amount for your pain and suffering.
It just depends on what happened to you and what kind of pain you had and are expected to have in the future. It can be a vast range, and everybody deserves an individual one-on-one sit down so we can review the complete records in your case and decide a fair settlement for you and then see if we can get either through a settlement or going all the way to court.
How Are Personal Injury Damages Calculated? What Is The Process of Coming Up With That Figure?
There is no magic number to help calculate your case’s value. It is whatever the client is comfortable with, and then we can relate that to our experiences on what we’ve seen. I don’t ever want to discredit a client for something they feel, what they went through, and the value of it, but I am here to guide and share my experience on what I’ve seen through the years and through the court system on how likely their case will settle for a certain amount. But we always want to start higher than what we think we can settle for because ultimately, we meet in the middle with the insurance company.
Likewise, the insurance company will start low, so frequently, when we share the first offer with the client, it’s a pretty offensive offer. However, the nature of the process is that each side gradually moves towards something in the middle that everybody can agree on. We tell our clients our first offer is something we think they’ll never get from a jury, and we are not telling them to accept the first offer from the insurance company. We would never do that. They are both just equally starting points to start negotiating.
For more information on the Timeline Of Resolution Of PI Claim, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (479) 337-7077 today.