Providing that an insurance company is willing to agree to a settlement that you consider fair and just compensation for your injuries, a personal injury settlement may be the best and fastest way for you to receive financial compensation. As a caveat, before you make a decision regarding a personal injury settlement, contact your attorney, and consider the following:
- Will the settlement cover current and future medical expenses?
- Will the settlement include reimbursing your HMO for medical expenses they pay?
- Will the settlement pay for current and future loss of wages if my injuries require on-going medical attention?
- Will the settlement pay for emotional damages?
- Will the settlement pay my counseling fees?
- Will the settlement pay for rehabilitation expenses?
- Will the settlement pay for medical equipment?
If you do decide to accept a settlement, you must drop any lawsuits already filed and you will not be able to pursue the responsible party in a future lawsuit regarding your accident.
Personal Injury Settlement versus Lawsuit
Lawsuits may take several years to reach a resolution; however, if you agree to a settlement, you may not be paid in one lump sum, but instead paid out over a period of years through an annuity arrangement that pays you a specific amount per month or year.
Personal injury settlements can be complicated and it is advisable to contact an attorney familiar with the personal injury settlement laws. Bryan Caulfield, Clearwater, Florida personal injury lawyer, is an expert in this area of the law.
Contact our firm today for a free consultation regarding your options in a Florida personal injury settlement case.