If you're entering a settlement after being injured by someone else, how good are the terms? Do you have a set price that needs to be met, or are you impressed by the number of zeroes on the settlement agreement? There are a few traps that come with tempting payment amounts, and just as many tricks that could shut you out of getting the compensation you deserve. Here are a few details to keep in mind as you consider any agreement, just to make sure you're getting what you deserve.
Medical Costs Can Be Hard To Pinpoint
How much will it cost to make a full recovery? Will a full recovery even be possible, and if not, how much will it cost to support your new normal? Such costs can't be easily written down within a few months or even a few years after suffering from an injury without some adjustment in the future, and it's a terrible idea to accept a single, finite payment for such problems.
No matter how big the payment may be, what happens when the money runs out and you still have a problem? This is a risk that many people who enjoy a large settlement payday undertake every year, and it's largely due to not understand how much certain procedures and medications may cost--or how often they may happen without warning.
There is also a small component of greed and desire that comes from accepting the money. Some people may be so desperate to escape with money they would otherwise only see in a dream and may think that they're getting out with a safe gamble, but it doesn't have to be that way.
If it's a settlement, the "take it or leave it" function is based on legal agreements rather than some offer in a dark alleyway. Your legal opponent was willing to pay once, and there's nothing wrong with asking a lawyer before moving forward. With a lawyer's help, a closer estimate involving interviewing general doctors, specialists, and insurance professionals can be suggested.
Vocational Rehabilitation, College, And Other Economic Viability Options
In addition to cash settlements, it's smart to make sure that your career future is secure. Although many people may want to retire on their funding, many cautious and careful victims may use the settlement and the legal argument in general to forge a new job path.
The money may run out eventually, and even if it doesn't, you may need more money to work on different projects or support newfound ambitions. If your settlement only covers medical costs and a few personal costs, consider asking for job training or college tuition as a part of the agreement.
If the injury affects your ability to do your current job or work in your original degree path, it's understandable that you may want to watch out with your future. It's also reasonable to say that the offending party is responsible for that future.
Contact a personal injury and disability compensation law firm or .attorney, like Harris, Steven W, to discuss your injury settlement options.