After an accident, you have a legal right to receive compensation for your injuries through the legal system. As a practicality, you’ll often have an insurance policy designed to cover any losses, including property. The insurance company will often pay a settlement amount if you agree not to pursue the case in the courts. This agreement saves them defense costs and is typically beneficial to you. However, most accident victims will have undergone medical treatment at this point. You’ll need to repay the hospital or doctors for your treatment using the settlement amount.
After an injury, your insurance policy typically comes into play. You may file a claim for your injures and compensation under your own policy, or you may file a third-party claim with the at-fault party’s insurance provider. If you can prove fault or negligence, you’re all set. The other insurance provider will pay for damages and your medical bills – either through a settlement or by court order.
Your compensation, once agreed upon, should be received by your attorney promptly. They will take their cut for services rendered, and the rest will be deposited into your personal bank account. You may then use this money as you see fit – pay back medical bills, vehicle repair costs, or everyday costs.
Factors Affecting Compensation
When it comes to the amount of compensation, there are factors used to determine almost everything. For example, the claims adjuster will review:
- Police reports
- Whether you seek immediate medical attention
- Pre-existing injuries
- DUI/DWI charges
- Witness testimonies
- Personal injury limits
- Photographic evidence
At the scene, take notes and pictures, if able. Speak with those who witness the accident. And call the police to file an official report. Furthermore, seek medical attention promptly.
If you’re involved in an accident, contact The Durham Firm promptly at (214) 222-4000. In fact, we’re here to help!