When is it time to settle your injury claim?
Every case is different but there are certain factors you can look at to determine who quickly you might look into settling your injury claim.
Most of the time the standard play in resolving an injury claim is a step by step process…
- Get the treatment you need;
- Wait until you’re released by your health care providers at “maximum medical improvement” (as good as you’re gonna get);
- Then get all of your damages documentation and evaluate the claim for settlement
That’s a fairly standard play and can/should work for most cases. But every case has its own peculiarities, and depending on what those are, you might be able to speed up the process.
If you have really catastrophic injuries, there is a statistical likelihood that the defendant’s liability limits won’t be able to cover all of your losses, so in that situation it might make sense to make a stab at them early on.
That doesn’t mean you “settle” the claim, though. That’s just an attempt to find out what they have and whether or not they want to make a limits offer. And even if they do, you’re still not done. You still want to investigate other methods of recovery, such as other liability policies, umbrella coverage, and underinsured motorist coverage for example.
But even if you do have catastrophic injuries, that doesn’t mean you should be in a rush to get the claim resolved. Once again, cases shouldn’t be looked at as files that need closing. Your case is an important event in your life and it deserves individual attention tailored to the specific facts you’re facing. If you’re not getting that you should call me at 919-929-2992.
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