When you need compensation after a crash, you want to ensure that you are in a position to pursue the maximum amount for the damages and losses you incur. Insurance companies offer settlements, but you should know what makes a good and adequate settlement offer.
A good settlement offer should cover all of your losses, economic and non-economic. Here is how each of these can impact your compensation.
Economic losses are those that you can show via proof. For instance, you will have receipts showing the estimate for vehicle damage repairs. You will also have pay stubs showing how much you earn at work, and you can receive compensation for lost income that you are unable to earn while dealing with your injury.
Economic losses can also include any medical expenses you incur after your injury and are not covered by your healthcare insurance. If the insurance company’s settlement offer doesn’t include all of your economic losses, be sure to have your lawyer work on a counter to get exactly what you deserve.
Non-economic losses don’t have evidence to show the exact value of your losses. However, they are a crucial part of your compensation. Non-economic compensation covers your pain and suffering resulting from emotional trauma after the crash.
Maximizing your non-economic compensation depends on how well your lawyer can position your case. Working with a strong legal team can help you get the most out of your settlement offer.
At BD&J, PC, we work to include all losses in your compensation. We know what a good settlement offer looks like after a crash. If insurance companies are not willing to offer you what you deserve, our Los Angeles car accident attorneys will go above and beyond to safeguard your rights.
We don’t take kindly to insurance adjusters who try to bully claimants into accepting less than they deserve. We’re here to fight for your rights.