How to know when to settle a personal injury insurance claim?


Whether you’ve been in an accident before or not, it is likely that you are aware of what you should do after an accident. Pullover, call the police, exchange information, contact your insurance provider and get in touch with a good personal injury lawyer. 

In the no-fault state of Florida, you don’t file a claim with the other driver(s) involved. You simply file an insurance claim with your own insurance. But how do you know how and when to settle on reasonable compensation? 

Stick with us and we’ll explain below!

Factors at Play During a Car Accident Case

After a car accident, there are a lot of things to juggle. Between healing, getting back to work, car repairs, and more, an insurance settlement can include a lot. Here are a few questions to consider:

  • What has your medical treatment looked like? 
  • Do you have a lot of spendy medical bills? 
  • Have you had to miss a lot of work to go to the doctor? 
  • What does your future look like post-injury? How will the injuries sustained affect your life going forward? 
  • Do you expect to miss work or continue to need medical treatment into the future?

Beyond this, there are emotional tolls and possible permanent ailments that can impact the rest of your life. All of this must be accounted for as you arrive at a reasonable conclusion pertaining to your insurance claim. 

How do I get compensated fairly?

Considering these factors, it is more than likely possible that your insurance company will attempt to undercut you when it comes to compensation after your accident. There are a lot of pieces to the puzzle that can amount to a lot of money for the insurance company. They don’t want to lose money so they will do their best to undercompensate you or fight compensation altogether. 

Read More: 5 Reasons Insurance Claims Are Denied

Things to remember about seeking compensation:

Don’t forget to document!

One of the most important things you can do after an accident is to document everything. Take photos, file a police report, seek medical attention and keep a record of missed work. 

Do report the accident and begin the claims process.

You don’t want to give your insurance company any reason to reduce compensation. Let them know immediately about the accident and give them all of your documentation. 

Do work with an attorney as soon as you can.

Unfortunately, insurance companies are never on your side. Despite popular belief, not even your own insurance company works for you, they work for themselves and keep their own best interests as a top priority. Which means, you aren’t going to get the compensation you deserve. Working with an attorney as soon as possible is your best bet to getting as much compensation as you can. They will work with you to help you understand your case and to know when to settle. 

If you need help understanding your personal injury insurance claim, give us a call today

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