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You are here: Home / Claims & Settlements / Accident Settlement / How To Get The Most Money From Car Accident

How To Get The Most Money From Car Accident

August 10, 2020 by Martins Leave a Comment

How To Get The Most Money From Car Accident

You would have a lot of questions to ask if you end up suffering injuries from a car accident and one of such question would include how to get the most money from a car accident from the claims that you have filed.

Treating an injury would not only cost you medical bills or lost wages because you probably cannot go back to work soon enough but it would also cost you extra money needed in making minor expenses pending till when you would recover fully from the injuries sustained and these minor expenses would include entertainment since you can no longer do what pleases you, few changes to your home and also cost of transportation.

Some factors that would influence your compensation might not necessarily be within your reach but in most cases, they would have a great influence on the amount of compensation that you are likely to receive.

How To Get The Most Money From Car Accident

 

how to get the most money from a car accident

Hire A Lawyer

Contacting a lawyer is the most important step anyone must take when it comes to getting compensation from a car accident but nowadays, most people think they are capable of getting compensation by themselves and without the help of any lawyer. But in reality, you would actually need the help of a lawyer to make certain evaluations especially if you suffered some injuries in the car accident whether they are minor because only an attorney would be able to figure out the full value of the claims that is being made.

You would also need a lawyer if claims are being made about who was at fault or the cause of the accident. A lawyer would help in the collection of evidences that would help in ascertaining the driver that i at fault.

A lawyer would also be important when the insurance company tries to hurriedly pay a settlement. Consulting with a lawyer before agreeing to any settlement terms is very important as well because they would have a better idea on how much that you need to be compensated with.

Keep Track Of Your Medical Bills And Expenses

Keep Track Of Your Medical Bills And Expenses

Being able to provide an accurate claim of how much the accident which the other driver is at fault has caused you is also a good step towards getting compensated properly. All of your losses and expenses needs to be properly documented and recorded and while writing out your file, do not forget to indicate how much time you have been away from work because of the accident, your injuries specifically and also how much you have lost from missing work.

You should also document properly your medical costs and if it would warrant you to spend time in a rehab home or stay hospitalized for long then your expenses is likely to increase as the days come by. You should also have a conversation with your lawyer about items that you might likely need for your recovery and also include them in your file

Make A Claim Against All Factors That Resulted To The Accident

If you really want to get the most money from a car accident then you and your lawyer should also make a file against all of the factors that contributed to the accident. Through the help of your lawyer, determining these entities would not be so difficult and this would also boost your chance of getting compensated heavily as it is likely that these other entities might have higher compensation or coverage or compensation for people who have suffered losses in car accidents.

Take for instance, a tire blow out also contributed to the accident then the manufacturers of the tire would share in paying for compensation for the injuries and damages suffered. If a mechanic worked on the vehicle and didn’t identify the fault properly before certifying it road worthy then the mechanic would also share liability for the car accident.

Prepare For Negotiations

Receiving adequate compensation might actually take some time if you have been involved in a car accident and if substantial expenses or serious injuries have been suffered then the insurance company of the driver at fault is going to cover up and pay for the compensation or still try to drag out the entire process. This is why you would need time to get prepared for negotiations and also learn how to manage whatever finances you have left accordingly.

You should not forget to file a letter of protection with your health care providers and this should be done so that you can give yourself the much needed time to prepare for negotiations.

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