Yes, it is possible to reach a fair settlement in a truck crash case. However, coming to such a settlement requires skilled negotiations and requires the injured party to understand the consequences of a settlement before agreeing to anything.
What You Should Know Before Settling Your Case
Before you begin settlement negotiations, it is important to understand what happens at the end of settlement negotiations. Once a settlement is reached, the amount of money that you will receive is your final recovery for your truck accident injuries. The terms of the settlement will not allow you to pursue a further recovery even if your future damages are more than you expected. Thus, it is important that your settlement fully compensate you for your past, current and future medical expenses, lost income, out-of-pocket costs, pain, suffering, and other damages.
While your goal is to make a full recovery through a settlement, the insurance company with which you are negotiating has another goal. It is the insurance company’s goal to get you to accept the lowest possible settlement. In this way, the insurance company works toward its ultimate goal of maximizing its profits.
Don’t Negotiate Your Own Settlement
The insurance company has professional and skilled negotiators working to get you to accept a smaller recovery than you may truly deserve. You deserve the same advantage. You can work with an experienced truck accident lawyer who is a skilled negotiator and who will work hard on your behalf.
In many cases, your attorney will take control of settlement negotiations by sending a demand letter to the insurance company explaining the value of your damages and what the insurance company needs to pay to settle your claim. The insurance company will then answer the demand letter with a counter-offer, and negotiations will proceed. If a fair offer is made, then your attorney will explain to you the benefits and potential costs of accepting it. If a fair settlement cannot be reached, then your attorney will advise you of the benefits and potential costs of resolving your case in court.
To learn more about your own potential truck accident settlement, please contact our experienced truck accident lawyers before you talk to an insurance adjuster. We would be pleased to provide you with a free consultation, to describe how a truck accident case works, and to help you get the settlement that you deserve.