fbpx

MoneyMagpie

Join MoneyMagpie today!
Log in or Register.
Nov 25

How to Maximize Your Personal Injury Compensation?

Reading Time: 4 mins

Unexpected injuries account for about 39.5 million visits to a medical professional’s office each year. More than 24.5 million of these incidents result in an emergency room visit. 

Once you decide to file a personal injury lawsuit, you want to do everything you can to maximize your potential compensation. A key aspect of making a full recovery is having the right compensation to do so. 

The decisions you take after your injury matter, and there are distinct things you can do to make the most of your personal injury claim. Having a better understanding of what aspects of your injury are in your control can help you get the most money for your claim.

Without any further adjournment, to increase the potential of your personal injury settlement, you will need to present the best possible evidence regarding your claim. 

This information needs to include: 

While these factors don’t promise to increase your personal injury compensation, these are good guidelines for pursuing compensation.

 

Collecting Evidence to Validate a Personal Injury Claim

When you or someone you know suffers a personal injury that requires a court case to claim compensation for injuries, it’s crucial to know what types of evidence are the most relevant and useful within the case. 

Important evidence you can collect may include: 

  • Photographs or videos of the accident scene: Take a number of pictures from different angles so you can later choose one that shows most clearly whatever it is you want to highlight to your insurer. 
  • Medical receipts, imaging scans, or other relevant information from a medical advisor: Undoubtedly, medical records are the key to establishing the extent of your injuries and the amount of reward you should demand. 
  • A copy of the police report made at the scene: After an accident involving injures, it’s important to make sure the police come to the scene in order to file a report of evidence regarding liability for causing the accident. 
  • Written communications between yourself and other witnesses: While looking around the accident scene, you may come across witnesses who saw what happened. Ask for written communication and contact information before you leave the scene. 

 

Medical Assessment and Continued Treatment for Personal Injuries

It’s crucial that you follow your medical advisor’s orders so as to speed your recovery. Your insurer will usually base a settlement on reasonable and timely medical care. It’s important to document your medical journey from the first day. Keep information about all your medical assessments and visits to the doctor after your injury accident, as well as any receipt or bills recover-related costs. 

More often than not, a legal professional will advise you that following your accident, you should seek medical assistance, even if you can leave the accident scene unscathed. Some injures, such as back pain, traumatic brain injury, and internal bleeding, may not immediately be present. Determining the state of your well-being at the scene of the accident can help you support your claim. 

 

Thoroughly Evaluate Losses Sustained in a Personal Injury Claim

If the insurer appointed to your case does not assess the cost of losses in your favor, it’s crucial to consider all your legal options. Your expenses may fall under groups like:

  • General damages: These expenses concern more intangible items. For instance, any type of psychological injury would fall under this category.
  • Specific damages: These costs have a concrete value attached to them, such as repair costs to your car.

According to UKLaw.co.uk, you are not obligated to accept the insurance adjuster’s first evaluation of the claim. Until you sign anything or agree on a certain amount, nothing is final. You’re eligible to negotiate for a higher amount of personal injury compensation to cover the expenses of your damages.

When determining the expenses, you will need to cover, consider:

  • Pain, suffering, and inconvenience
  • The expenses of ongoing treatment and medical care
  • Emotional trauma
  • Loss of income

It’s important to consider your accident case for different vantage points to ensure that when you do agree on a settlement for personal injuries, all your financial aspects are covered.

 

Factors to Maximize Your Personal Injury Compensation

Value Your Claim Fully

As a personal injury victim, you’re not limited to any one type of damages. There are different types of damages you may experience because of your injury, many of which you may not even be aware of. You can ask for compensation for loss of regular use of body function and even emotional damages.

Don’t Be Hasty

More often than not, accepting the first offer you receive can prevent you from increasing your compensation. To obtain the best recovery, you have to let the other side assume that you’re willing to go the distance. This can mean rejecting the first and even the second offer. It’s crucial to work with a lawyer for an expert opinion about accepting or declining a compensation offer.

Consider Future Damages

Personal injuries can bring losses both immediately and in the long term. You might not entirely recover from the accident before your case reaches trial. It’s important not to forget future recovery when negotiating a settlement amount.

Make a Good Impression

The jury takes decisions based on what they see and hear at trial, so it’s crucial to put your best foot forward. This means being respectful and polite at all times and looking your best when you’re due in court. It’s the small things that can help you persuade the other side that a jury is going to be compassionate to what happened in your case. A first-good impression can nudge the other side to offer you a fair compensation.

 

By all means, if you’ve experienced a personal injury, make sure you contact a legal expert for help. He or she will review your case and let you know what your case may be worth.

 

Disclaimer: MoneyMagpie is not a licensed financial or legal 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 financial or legal 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