fbpx

MoneyMagpie

Join MoneyMagpie today!
Log in or Register.
Sep 22

How to Maximize Compensation in a Personal Injury Case

Reading Time: 3 mins

The costs associated with the average car accident can stack up. Aside from vehicle repairs, you may also require medical treatment, ongoing specialist care, and time off work.

Even with frugal money management throughout your working life, your savings can quickly become depleted. Maximizing your personal injury case compensation figure can become essential. Here are a few helpful ways you may be able to do that.

 

Gather and Preserve Evidence

Even before potentially contacting Clearwater car accident attorneys to help manage your potential personal injury claim, you can be helping yourself at the scene of the accident. If you’re in a position to do so, gather and preserve as much evidence as possible.

Take photos and video footage of the scene and your injuries, ask for a police report, and write down witness contact information. The more evidence you can produce for your personal injury claim, the stronger your case may be, and the more accurate your compensation figure may also be.

 

Seek Medical Treatment

Even with private medical insurance, healthcare can be expensive. However, that doesn’t mean you shouldn’t seek medical treatment when you need it after a car accident. By accessing healthcare immediately after a car accident, you’ll have a paper trail of the injuries you suffered and the costs associated with them.

If you were to wait before receiving treatment, the defense might argue that any aches and pains you experienced post-accident weren’t related because you didn’t access medical care right away.

 

Hire a Lawyer

You might think you’ll save money by not having legal representation for your car accident personal injury claim, but you may end up losing money instead. Their job is to fight for your right to maximum compensation, and they can do that in several ways.

They can use settlement calculators to accurately calculate all accident-related costs like vehicle repairs, medical care, specialist treatment, and even home alterations due to your accident. However, they may also calculate pain and suffering, future lost earnings, and more.

When you’re trying to maximize compensation to ensure all your costs are covered, having a legal professional on your side can be a worthwhile consideration.

 

Don’t Wait to File

Even if you’re not mentally or physically ready to enter a courtroom and fight for compensation, don’t delay filing your personal injury claim. You have four years to file a claim from the time of the accident, but that doesn’t mean you should wait that long.

The longer you wait, the more ammunition a defense attorney can have. They may question why you’re only coming forward now and whether any injuries and losses you suffered during the accident were legitimate.

 

Don’t Settle Early

It can be tempting to accept whatever offer the defendant’s insurance company puts forward, but it’s unlikely to be enough. Their job is to spend as little money as possible, and their initial offer may not cover your current and future accident-related costs.

Instead, listen to your lawyer’s advice on the best approach. They may advise a counteroffer, or they may advise going to court to have a judge or jury decide.

Doing your best to maximize compensation can be one of the most financially sensible decisions you make. Car accidents can be expensive, and the more you can claim, the easier you may find it to cover your accident-related costs.

 

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as legal or financial advice. Anyone thinking of investing should conduct their own due diligence.

WHAT DO YOU THINK?

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Related Articles

Experian Financial Control
 

Make Money and Save Money

ideas for everyone
 
Send this to a friend