Your truck accident case may be worth more than you think. More insurance coverage is available to pay for your injuries, as there is a minimum insurance coverage of $750,000. In reality, each truck will have $1 million or more coverage. There is a reason why truck accident settlements tend to be higher. Not only are your injuries likely to be more severe, but there is also more money to pay you.
You need to consider the long-term before you accept an offer. You know what your situation is today and the costs that you are currently bearing. The reality of the truck accident legal process is that you must also know what you may need tomorrow. You are paid for your past and future damages at the same time. If you do not get enough money today, you cannot ask for more in the future. Therefore, you must have undertaken a thorough view of your needs before signing a settlement agreement.
Make Sure That Your Pain and Suffering Is Properly Valued
Pain and suffering are some of the more misunderstood elements of a truck accident claim. You may be entitled to more money than you think. If you have suffered a serious injury, your pain and suffering damages would be several multiples of your medical costs. The insurance company often undervalues your pain and suffering damages because they use objective formulas that take your experience out of the equation.
You need to ensure your story is told during the claims process. You must have someone to speak up for you if your pain and suffering damages are being undervalued.
What Happens if I Do Not Accept the Offer?
The insurance company may tell you they have made their best and final offer. If you do not accept, you will not be able to get an offer that high again. You should not listen to that talk. While rejecting a settlement offer means it is no longer on the table, you can still continue negotiating. The insurance company may raise their offer to pay you more.
You can also decide to litigate your truck accident case and let the jury decide how much you deserve in damages. There is always a chance that you may not win your case. If you have a strong case, the insurance company may want to reach a settlement agreement with you.
How Much Leverage You Have in Settlement Negotiations
You are not powerless in a truck accident settlement negotiation. You can decline if the settlement offer does not fairly compensate you for your injuries. An experienced truck accident lawyer can help you maximize the power that your legal rights give you.
Get Legal Help From Our Virginia Beach Truck Accident Lawyers at Anchor Legal Group, PLLC
If you have been injured in a truck accident, speak with our Virginia Beach truck accident lawyers at Anchor Legal Group, PLLC. Call 757-LAW-0000 or contact us online to schedule a free initial consultation. Located in Virginia Beach, we serve clients in Chesapeake, Norfolk, Suffolk, Portsmouth, Newport News, Hampton, Williamsburg, and Eastern Shore, Virginia.