Car accidents have the power to cause extensive injuries, damages, and other losses. Sadly, there are many individuals that may not understand how they should proceed following one of these accidents. When this is the case, it can be easy to make simple mistakes or oversights that may compromise your ability to receive full compensation for your damages. To help you be better prepared in the event that you are involved in an auto accident, you should understand the answers to some basic but important questions.
Why Should You Have Your Initial Settlement Offer Reviewed By Your Attorney?
In many instances, the other party's insurance will approach you and quickly attempt to resolve the claim. However, it is important for you to be mindful of the fact that the insurance company exists to make a profit. As a result, their settlement offers are often unlikely to represent the full value of your claim. It is important to note that once you accept the settlement offer, you will surrender your rights to sue. To protect yourself against low settlement offers, you should always have the offer reviewed by an auto accident attorney. They will have the experience needed to better gauge whether the initial offer is fair for the damages that you suffered.
What If The Other Party's Insurance Policy Does Not Cover All Of The Damages From The Accident?
In particularly severe accidents, it can be possible for your damages to quickly exceed the insurance policy limits of the other driver. When this is the case, it should be noted that you will likely need to pursue a civil lawsuit against the other driver. While you may not like the idea of pursuing a lawsuit, it is important to note that the other party's insurance is only responsible up to the stated policy limits, which means that the other driver will be personally liable for any damages that exceed these limits.
How Will You Pay The Court Expenses Of Going Through The Trial?
It is no secret that pursuing a lawsuit can be an expensive endeavor to go through. Sadly, some individuals will let these expenses intimidate them to the point of being hesitant about pursuing the matter. Fortunately, it is common practice for attorneys to pay these expenses for their clients and take reimbursement once the case settles. This type of billing arrangement is known as a contingency fee, and it will allow you to pursue justice without having to pay out-of-pocket expenses.