What is the Settlement Process?
Many people believe that, when they reach a settlement, they will receive their check the next day. Once the injured party agrees to settle the case, there is a great deal of work to be done. Settlement paperwork must be processed and release documents need to be reviewed.
Once the documents are reviewed, everything must be signed and additional paperwork is done to process the check and get it in the client’s name. Finally, any outstanding medical bills, medical liens, or other liens associated with the claim must be paid. Therefore, it is important to work with an experienced VA beach personal injury attorney who can help guide you through the settlement process.
Determining the Amount of Compensation in Virginia Beach
There are several factors that are considered when determining the amount of the settlement including:
- The nature of the injuries
- Medical expenses
- Lost wages
- Lost future income
- Property damages
- Pain and suffering
An experienced personal injury lawyer can gather all the information and forward it to the insurance company of the person who is at fault for the accident. An insurance adjuster then reviews the information and gives an offer. If the offer is low, the lawyer’s responsibility is to negotiate a higher offer for their client. If the parties cannot reach a settlement, a judge or jury determines the compensation package after reviewing the medical expenses, time lost from work, the nature of the injuries, and the present and future impact of the injuries on the injured party.
What to Take Into Account
When a person is injured in a car accident in Virginia Beach, in addition to the medical bills, treatment, and nature of the injuries, another issue is whether the person wants to risk a trial. They might get more money at a trial or in front of a judge, but they could get less money than they are getting in the settlement. A person should consider the risk.
Another issue to take into account is the value of time over money. When one files a lawsuit in Virginia, it could take from one to two years to get in front of a jury. An experienced personal injury lawyer may encourage them to take the settlement today, especially if they need the money as soon as possible.
How an Attorney Can Help Throughout the Virginia Beach Car Accident Settlement Process
When someone is injured, an experienced personal injury lawyer in Virginia Beach can help them determine the value of their case and guide them through the Virginia Beach car accident settlement process. An experienced Virginia Beach personal injury lawyer can help someone determine the value of the case by looking at medical bills, the length of time the injured person was treated, their lost wages, and how their life changed following the injury. They can then help you make the best decision for your case. Call Cooper Hurley Injury Lawyers today for a free consultation to discuss your case.
Do You Have Additional Questions About Auto Accidents?
Whether you want to know about available damages in your accident case or if your personal injury settlement is taxable, reach out to the Car Crash Experts at Cooper Hurley Injury Lawyers. Our team of top-rated attorneys collectively boasts an impressive 128 years of legal experience. With an exceptional winning streak that has secured tens of millions of dollars for our clients, including Virginia’s largest reported car accident recovery of $6.5 million in 2020, our record of obtaining substantial settlements and verdicts is unmatched. With a dedication to client satisfaction, Cooper Hurley Injury Lawyers sets the standard for exceptional customer service and unwavering commitment to representing the injured, never the insurance companies.