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How do I know if I've got a fair offer for my car accident settlement?
About a month ago, I was involved in a car accident. I have received a settlement offer from my insurance provider, and it is somewhat substantial, however it won’t cover much more than my current medical costs relating to problems from the accident. Is this fair? I was forced to use my allotted sick days from my employer for recovery, and there may be future costs too. How do I know if the offer they have given me is fair?

Answers
Insurance companies have a range of possible compensation for each type of claim, and will make their lowest offer first every time to save money, but will generally compensate claims fairly that are accurately filed with each associated cost documented.
In cases such as this, if the initial claim was made accurately with full medical documentation, there is strong possibility for increased compensation. The overt medical costs should be covered in a personal injury claim, but the unearned wages due to injury should also be compensated for, as long as the absence from work is by doctor’s orders, even if compensation is given by the employer. To account for the future medical costs, one or more doctors should be consulted to determine an accurate possible value. This must be done prior to filing the claim and documented in it just as the existing medical costs.
If this process was done correctly, a fair offer should be very close to what is expected. However, insurance companies have no obligation to compensate for undocumented or inaccurately filed injuries within an accident claim.
Talk to a Car Accident Attorney to find out more about your legal options and rights to compensation.
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Posted by Greg Cohoat on 05 May 2010
1 person found this useful
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