If you’ve been in an automobile accident, you likely face a number of pressing concerns. However, one of the most important for your long-term health and happiness is whether to accept an insurance company settlement. This can be a difficult question to answer because it depends on many factors, including your needs, the extent of your loss, and the degree of the insurance company’s liability under the contract.
What are the terms of the applicable insurance contract? More than you might realize, insurance contracts vary widely with respect to what they what kinds of liability they cover and how much coverage they provide. For many types of contracts, accidents, and claims, a well-trained and experienced attorney may be able to help you understand your rights under the contract.
Second, you may have lost more than mere property damage and personal injury. In some accident cases, non-economic damages, such as damages for emotional distress and punitive damages, may be available. Whether these damages are available in your case and what legal standards you must satisfy in order to receive an award typically requires a detailed and nuanced understanding of the facts and law governing your case.
Finally, your needs may dictate the way you approach your negotiation with the insurer. If high medical bills are forcing you into difficult financial straits, you may need to accept a more immediate lump sum-style award. On the other hand, periodic payments may give you fewer dollars up-front, but more over the next several years. If you can afford to wait, that may be the most prudent course of action.
The attorneys at Fears | Nachawati are prepared to help you deal with these and many other important considerations. To get started with your free consultation, contact our attorneys and dedicated professionals today. We know how to help victims like you.
About the Author
Attorney Majed Nachawati, who grew up in the D/FW metroplex, provides experienced, vigorous counsel to victims like you. That’s why Mr. Nachawati has been recognized as a Super Lawyer and Top Lawyer in Wrongful Death and Serious Personal Injury Cases across the nation. He has recovered millions for his clients and is a member of the Texas Trial Lawyers Association, the Million Dollar Advocates Forum and the American Association of Justice. To discuss your case with Mr. Nachawati, contact him by email at email@example.com or by phone at 1.866.705.7584. His legal background is featured at: