Around 80% of the people in the world would have been involved in at least a minor road accident. In case you met with a car accident, you are likely to file a car accident claim. In such cases, the chances for you to deal with an automobile insurance company will be high. Sometimes, they may either go for out of court settlement or may move the legal way. Most companies may, however, go for the former option since it will save their time, energy, and money. Note that settling a case soon will keep them from going for multiple trial sessions as well as to minimize their costs.
The real question here is whether or not you are ready to accept their settlement deals. For this, you must make sure that they are offering you a fair deal. Nevertheless, this will not be easy for a normal person and may often end up settling for wrong deals. In order to avoid this, the best option is to hire a car accident attorney since he/she will be able to analyze every aspect of your case and calculate the maximum compensation that you are entitled to. Some of the damages that you may consider to sue the other person include;
- Loss of income
- Loss of affection
- Medical bills
- Emotional stress
- Loss of benefits
It is to be noted that settling your car accident claims out of court with the insurance companies can be either advantageous or disadvantageous for you. If you met with a car accident and the injuries and physical damages are minor, it will be better to settle your case out of court. In such cases, it makes sense to settle with the insurance companies since the compensation that you are entitled to will be mainly calculated based on your damages. For minor car accidents, it will be obviously less. It makes no sense to attend a number of stressful and lengthy court trial sessions and waste your time, money, and energy for this. You can obtain the check much faster in case of such settlements as well. Besides, if you lose your case in court, you will not get even a penny as compensation for your damages. This often happens with minor car accidents.
However, insurance companies are likely to offer the lowest settlement deals at first. Some companies may increase the rate gradually after meeting your car accident attorney. In fact, your accident lawyer will be clear about whether to reject the company’s deal or to accept them after the first meeting with their representatives. Anyhow, it will never be in your best interest to accept the first deal an automobile insurance company offers you to cover your damages. Rather, negotiate with them hard until the company agrees for a fair deal.