How Should I Handle My First Settlement Offer For A Car Accident Injury Case?

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After a serious car accident, contacting an experienced auto accident attorney is essential to recovering the maximum amount of compensation for your case. At Schultz & Myers, our personal injury lawyers are prepared to assess your injuries and the extent of the damage sustained to your property to draft and negotiate a fair settlement. In car accident settlements, damages may include specific costs like loss of income, medical bills, or repairing or replacing your vehicle. You may be able to receive compensation for the pain and suffering caused by the collision. When more severe injuries like paralysis, brain trauma, scarring, paralysis, or disfigurement occur, they are often valued higher than injuries like whiplash or minor sprains. Insurance companies are in the business of settling cases at low offers and will want to do so quickly. With the help of a car accident attorney, you can avoid having to deal with difficult insurance adjusters and focus on recovery.

The ultimate goal of any insurance company is to deny car accident claims because this is how they make their profit. Settling for less than what you are owed can lead to several unexpected costs in the future. Speaking with an attorney before signing an agreement to settle is the best way to ensure you’re getting the full settlement amount you are owed.

Put Your Confidence in Our Schultz & Myers Personal Injury Lawyers If You Have Questions About Your Auto Accident Settlement

Our team of experienced and compassionate St. Louis Car Accident Attorneys is ready to take on the complex problems in your case and make the settlement process as pain-free as possible. We believe in securing the best results for you or your loved ones and have years of experience recovering the full amount of compensation our clients deserve. Contact our office by calling (314) 582-2389 or contact us online to set up your free, no-hassle consultation and speak with one of our auto accident attorneys today.

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Car Accident Settlement FAQ

How do insurance companies decide on settlement offers?

Insurance companies are in the business of minimizing costs while managing risks. Insurers want to settle claims before they go to trial, which is why you should speak to an experienced personal injury attorney before agreeing to any settlement amount.

What type of damages should be included in my settlement?

Damages are divided into two groups, including general or non-economic damages or special damages, also called economic damages. General damages include compensation for pain and suffering. In contrast, special damages are easier to quantify and include compensation for medical treatment and property damage.

Am I Required to Pay Taxes on My Settlement Money?

If the settlement covers physical injuries or sickness, the award will not be taxable. It is not necessary to claim any part of your settlement as income.

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