Accidents are quite common in today’s world. Many people meet with the accident and rise uninjured. Some don’t have such luck. Accidents are often associated with injuries and damage to vehicles or properties. If you are the unfortunate person to meet with an accident, you will face a lot of financial losses in the name of medical bills and damage bills and will want compensation. You will most likely go for a claim settlement rather than hiring a Personal Injury Attorney.
The following are some of the questions you can have before going for a settlement:
Should I settle my claim or file a lawsuit?
After a personal injury case, you have the right to file a lawsuit against those who caused it. There is usually an insurance policy to cover the losses. The insurance company pays the settlement amount in return of your choice not to go to court. It is beneficial to you as you don’t have to wait for the court to come to a decision. Hire a good Personal Injury Attorney and choose to settle the claim.
Is there a minimum amount of injury settlement?
There is no minimum or maximum amount regarding injury settlements. Every case is different in its own way. The amount of a settlement depends on many things such as the nature of injuries, the long-term impact of the injuries, the clarity of the situation and the willingness of a party to take the case to the court.
What is the role of my attorney in the settlement?
When you meet with an accident, you are already in stress. The settlement procedure has its own story. So, it is best if you hire a new York accident attorney (or any local accident attorney). He or she is responsible for collecting all the bills and witnesses, sending the settlement draft, representing the client and collecting the money.
How is my attorney paid?
In most of the personal injury cases, the attorney will be paid only if your case reaches a favorable solution. It can be a settlement or a court trial. Usually, the attorney is paid 33% of the settlement amount. But the amount and percentage are ways negotiable.
How long does it take to get the settlement amount?
After an accident, it is normal to want the settlement amount as soon as possible to put the traumatic event behind. The process itself starts when the injured person is back in health. All the medical bills and damage records are collected by New York Accident Attorney (or any local accident attorney). A settlement draft is sent with all the bills to the Insurance Company. Getting a response takes 15 to 90 days.