If you have been in a car accident, you are likely facing expensive costs related to the crash. Ongoing medical treatments, hospital bills, repair costs, and transportation expenses can quickly become overwhelming, especially if you have also had to take time off work while undergoing recovery from any injuries sustained in the crash.
In this situation, it can be tempting to accept a quick settlement from the insurance company. San Mateo car accident settlements should be fair and adequately cover a person’s losses. Speak with an automobile accident attorney before accepting any settlement offers.
When someone is injured in a car accident or sustains personal property damage, they may be entitled to compensation based on the investigation and assigned fault. Even if a person is found partially at fault, they may still be entitled to compensation for the remaining portion of the assigned fault for the accident.
The recoverable losses for a car accident are explained in California Civil Code § 3333.4. While most car accidents will not be eligible for non-economic damages, economic losses — such as medical bills, lost wages, and repair costs — qualify.
In order to finalize a San Mateo car crash case quickly, the at-fault driver’s insurance company may offer a settlement. It is important to understand that once a settlement is finalized, the at-fault party has been released from any further legal liability for the incident.
When someone is offered a settlement for losses sustained in a car crash, they should consider whether accepting is the best choice.
Not all costs associated with a car accident are readily apparent. If someone sustained an injury that might require ongoing treatment, they might not know the full cost of their losses until much later. Accepting a settlement too quickly can create a situation where the injured party ends up facing ongoing medical costs and has no way to recoup their losses because they have released the at-fault party from liability.
Part of the reason the insurance company wants to offer a quick settlement is to minimize their potential expenses. Often, an insurance company will make a lower offer than the full compensation someone may be legally entitled to pursue.
The San Mateo lawyers at Solution Now Law Firm are experienced in navigating car accident settlements and could review your settlement to ensure it is fair.
Sometimes, accepting a settlement can be a wise decision, providing fair compensation much faster than a judgment in a lengthy legal proceeding. Depending on the details of the case, such as a person’s medical prognosis and the need for any repairs to the damaged vehicle, a settlement might be the best choice.
However, there are times when a car wreck settlement in San Mateo will result in lower overall compensation, and sometimes this difference can be significant. A dedicated attorney could look at the details of a case and make a recommendation about any settlement offers, giving a person peace of mind and a clear plan for next steps.
An attorney could also negotiate with the insurance company, potentially getting a higher settlement offer.
Reach out to the experienced lawyers at Solution Now Law Firm and receive expert guidance on San Mateo car accident settlements. Doing so could help ensure you get the compensation you deserve, so seek our services today.
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