How much money am I entitled to after an accident?
This is a fair and commonly asked question among my clients. Unfortunately, there is no cookie-cutter answer as every case is different. The amount of money you are entitled to after an accident depends on the unique details of your situation, such as:
- How badly you were injured
- Whether your injuries kept you from going to work
- Whose was at fault for the accident
- How long your recovery takes or is expected to take
- The amount of foreseeable medical and property damage resulting from the accident
When you’re looking at a small mountain of medical bills, it can be tempting to accept the insurance company’s first offer simply to cover these expenses. However, it’s important that you first discuss your case with an experienced personal injury lawyer in Chicago. Unlike the insurance company, I will take the time to calculate the true value of your case, taking all of the above-listed factors into account, so as to determine the full value and obtain every penny to which you are entitled.
What if I take the insurance company’s offer?
If the insurance company tries to offer you a quick settlement, that almost certainly means they are lowballing you. Insurance companies are in the business of making and keeping their money, not giving it away. For instance, an insurance adjuster may call and ask you for the amount of all of your hospital bills only a few days after your accident. He may even send you a check that reflects compensation for some or all of those bills.
However, what if your hospital stay becomes extended? What if you need additional tests, treatment or even surgery? What if you have to miss more work than you first anticipated? Suddenly, the amount initially offered hardly seems reasonable.
If you’ve already cashed that check, then the insurance company has succeeded in ensuring that you did not receive the full value of your claim. That’s why it’s vital to wait until you’ve spoken with me before accepting any settlements from the insurance company. Not only can I tell you whether you’re being offered an unfair deal, but I can also fight aggressively to maximize your settlement as much as possible.