HOW TO NEGOTIATE A REASONABLE INJURY SETTLEMENT
Settlements are often the best way of resolving injury suits. It saves both parties time and cost, not to mention the emotional trauma, of going through a court trial. However, negotiating a reasonable settlement in a personal injury case is no easy feat. There are so many things that need to be carefully and properly considered by both parties. The victim in particular has to be thorough in their research to avoid being manipulated out of a good deal or leaving any money on the table. The process can be tedious and the required documentation stressful to get. But these and a few other requirements are necessary for a very good settlement to be reached.
Hire An Excellent Personal Injury Attorney.
The first and most important thing a victim can do to help his case is to hire a personal injury attorney. Studies have shown that victims who call their lawyers immediately after an incident are more likely to win their case than those who delay doing so. This is because, by the time the attorney is looped in, a lot of information would have changed form and evidence would have been compromised making them less reliable in defense. The professional personal injury attorney will immediately fall into action collecting evidence, gathering statements, and securing the integrity of the information that will be used to build his case and negotiate a good settlement for the client. The mike morse law firm is reputed for having some of the best, fast-acting, and case-winning lawyers in the country, modeling the kind of attorneys one should call in an emergency.
Calculate The Damages.
The next step in negotiating a settlement is calculating the damages. Here more than ever, an attorney is needed. The method of calculating the damages and the rates for each kind are often standard but because most cases are never cut and dried, it could take several forms. Damages are expressed in several forms. Physical damages refer to injuries that compromise bodily function and cause impairment in any way. Economic damages include all financial costs incurred because of the incident that led to the injury. This could be medical bills, vehicular bills, or renovation bills from damaged buildings. There are also future economic loss damage claims which refer to future financial incapacitation caused by the accident. If the victim is no longer able to provide for himself financially for some time or indefinitely in the future, the estimated loss should be calculated and presented during negotiations.
Negotiate Skillfully and Wisely.
This is a job for both the attorney and the client. The negotiation table is much like a poker table except it is very vocal. There are a lot of mind games and back and forth as both parties haggle the amount and give reasons why it should be more or less. The important thing for the client to remember is not to represent himself. His attorney is trained in skilled negotiation and is more likely to get a better deal. Do not jump at the first offer and emphasize the physical, emotional, and financial trauma experienced from the incident to push the other party into an agreement.
Negotiating reasonable settlements in injury suits can be a bit of a gamble but with the right attorney, a well-built, evidence-backed case, and excellent negotiation skills, the odds are highly in the victim’s favor.