neck and back injury

Neck and Back Injury Settlements

Neck and Back Injury Settlements

A serious car accident can lead to serious injuries. In fact, even minor car accidents can lead to serious injuries.  This is especially when it concerns a neck or back injury. Not only are these injuries painful, but they can also have long-term implications.  As a result, some injuries can require significant treatment.  Additionally, some accidents will require surgeries and result in a lifetime of pain and limited mobility.

After your car accident, you may be dealing with the painful symptoms.  Keep in mind, there may be extensive medical cost associated with back and neck injuries. If so, you may be entitled to compensation from the at-fault party.

neck and back injury

How Much Is a Neck or Back Injury Worth?

When it comes to injury settlements from a car accident, the value of that settlement will vary depend on various factors.  First, the severity of the injury.  Second, your current and future costs of medical bills.  Third, the long-term implications of your situation.  Lastly, who was at fault for the car accident.

Missouri, as an at-fault state, means that your compensation from the other party may be reduced by the percentage of fault that has been attributed to you for the accident. Whether you file a claim with your insurance company or the other party’s insurance company, they will use that degree of fault to determine how the claim will be settled.

In a perfect scenario, the more severe the injuries and higher your costs, the higher your settlement should be. However, as Missouri personal injury lawyers, we know this isn’t typically the case. This is because insurance companies are highly profitable businesses.  Insurance companies seek to keep their settlement costs as low as possible. Consequently, what you may have in mind for a fair settlement and what the insurance company offers may be two entirely different amounts.

Should I Accept the Insurance Companies Offer for my Injury?

An insurance company will commonly offer a low initial settlement for your claim. They understand that injury victims feel vulnerable and desperate after an accident. Using this to their advantage, insurance companies hope for a quick and low financial settlement. Unfortunately, those quick settlements are never what an injury victim is legally fully entitled to. The good news is that you don’t have to accept that offer.

A quick settlement will never be able to consider the full extent of what an injury or its long-term impact. This is when the advice of a Missouri car accident lawyer is vital. A skilled attorney will explain what your legal rights are and what your options are to fully compensate you for everything you are entitled to under the law.

car accident settlement

What Is Fair and Adequate Compensation for my Injury?

First, consider how much you have paid in medical bills. Also, consider the likelihood of having to pay for future medical costs.  Such cost can include surgeries, medications, nursing care, physical and occupational therapies, medical devices and equipment.

Second, calculate how much you have lost in wages because of the accident.

Third, determine if you are unable to return to the same line of work you were employed in and how much earning potential you have lost.

Next, ensure you have documentation of any loss of property that was sustained in the accident.

Finally, take into account any pain and suffering and inconvenience that may have occurred as a result of the accident. 

Needless to say, a fast insurance settlement will not consider many of these things above even though you are legally entitled to them. 

Before You Agree to An Injury Settlement With An Insurance Company...

Before you settle with an insurance company, you should get the advice of a legal professional to understand what you may be entitled to in the way of compensation for your unique circumstances. At the Law Offices of Jamiel J. Peterson P.C., we offer a free consultation to discuss your case. Let us advise you what you may be entitled to under the law. (816)319-0508.

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