Who Decides How Much Compensation I Get After a Boca Raton Crash?

If you are recovering from a car crash in Boca Raton, you might be intent on pursuing compensation for your injuries. You might also have a clear idea of how much you need to cover your medical bills, missed earnings, and emotional distress. Who ultimately decides how much compensation you should receive?

You Can Fight for the Compensation You Deserve

While other people might play a role in determining your compensation, you also have the right to fight for the financial support that you need. If you believe that an insurance adjuster or anyone else is offering you a sum that is too low, you can push for a higher level of compensation. You can do this during settlement negotiations, and an experienced auto accident attorney can guide you through this process.

Remember, you are under no obligation to accept the first offer you receive from an insurance adjuster. In fact, most experienced personal injury lawyers would probably advise you to reject this initial, “lowball” offer. It is almost always insufficient to cover your damages, and it’s merely a negotiation tactic employed by insurance companies. They probably don’t expect you to actually accept their first offer.

Insurance Adjusters Play a Role in Determining Your Compensation

While you can certainly fight for the compensation you feel you deserve, insurance adjusters can influence your level of compensation with their own strategies and negotiation tactics. For example, they might point out the total value of your economic damages (your financial losses). If you add your medical bills, auto repair costs, and lost income, you should get a fairly accurate sense of how much your claim is worth.

Rules and Formulas Can Determine Your Compensation

The insurance industry operates under a system of rules and formulas. When calculating your compensation, an insurance company might follow these guidelines. One example is the “multiplier” method, which involves multiplying your economic damages by a number that represents your non-economic (psychological) damages. These formulas are quite complex, and it makes sense to discuss them in more detail with an experienced lawyer.

Your Compensation Could Be Decided by the Court

While most claims are settled by parties outside of court, this isn’t always the case. Negotiations sometimes fail, and parties have no option but to go to court. If your personal injury lawsuit goes to trial, a judge or jury will ultimately decide how much compensation you should receive. Your lawyer can help influence their final decision with compelling evidence and oral arguments.

Can a Boca Raton Auto Accident Lawyer Help Me?

While various parties play a role in calculating and determining your compensation, you also have a say in this process. An experienced auto accident attorney in Boca Raton can listen carefully to your financial needs and priorities before fighting for fair compensation on your behalf. Contact Steinberg Law today to learn more about the next potential steps.

Source: 

bjs.ojp.gov/content/pub/ascii/TCILC.TXT