When you are involved in a car accident, it is important to understand the process of negotiating a settlement. It is possible to handle your own personal injury lawsuit without hiring an attorney, especially if your injuries are minor and the other party's fault is clear. However, it is important to consider two key factors when deciding whether self-representation is the best option: the severity of your injuries and whether the other party was at fault. When losses (damages in legal terms) are significant, it is usually worth the cost of hiring a lawyer.
Special damages include property damage, loss of income and earning capacity, medical bills, and other financial losses attributable to your accident. Lost earnings are exactly what they seem: how much money have you lost and how much can you lose as a result of your injury? Present value is a financial concept that involves determining the value of a future revenue stream. If you are self-employed, the defense attorney will carefully examine your business records and tax returns to see if your actual records support your loss of income claim. Pain and suffering damages are not capable of being accurately calculated.
When entering into negotiations, it is important to have a firm hand and set a polite business tone. You don't want the adjuster to “handle” you. It is also important to understand what you're getting into and submit a demand letter once an investigation into the circumstances of the accident has been done. When negotiating more money from a car accident claim, it is important to understand the process and consider two key factors: the severity of your injuries and whether the other party was at fault.
It is also important to understand what you're getting into and submit a demand letter once an investigation into the circumstances of the accident has been done.