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Understanding Compensation And Settlement Amounts

Understanding Compensation And Settlement Amounts When you're injured, it's easy to be overwhelmed. After all, you'll have to focus on not only your physical recovery but a mental and emotional one as well. And to make things even worse, being involved in an accident can lead to heavy financial burdens as well thanks to things like medical bills, repairs to your vehicle if involved in an auto accident, and more.

Under Florida law, each motorist must travel with PIP insurance coverage in place. But what if your PIP doesn't provide the kind of protection you need? Or, even worse, what if your accident was caused by someone else and you're left struggling financially? In these cases, enlisting the help of a Florida personal injury attorney and seeking financial compensation is worth doing. However, not everyone understands it or what is involved and taking a few seconds to learn more is well worth doing.

Compensation 101

First, you'll want to understand the very basics of personal injury compensation. Under Florida law, you have the right to seek compensation for your injuries if you were involved in an accident that was caused by the reckless or negligent actions of someone else.

"Reckless or negligent" can mean a lot of things, of course. Some common examples include:

  • Texting while driving

  • Speeding

  • Driving while intoxicated

  • Driving recklessly

  • Driving a poorly maintained vehicle

  • And more

In short, if someone acted in a way that a reasonable person would know is unsafe, and those actions led to your injuries, you likely have the grounds to seek compensation.

What You Need To Know About Settlements

Often, a personal injury case will end with a settlement offer. In this situation, the representatives from the party liable for the accident will offer an amount of money to you. If you accept, you basically lose the rights to seek further compensation for your injuries.

Handled correctly, this can help you avoid a long, drawn out court case, get your compensation quickly, and move on with your life. But what happens in many instances is that a settlement is offered that is far lower than what you actually deserve. If accepted, the injured party is left struggling anyway, with numerous costs that just aren't covered by the settlement offer. Some examples of what impacts a settlement offer include:

  • Medical bills

  • Lost wages from work

  • Future potential medical costs including long-term physical therapy

  • Future potential lost wages from work

  • Repair costs

  • And more

Obviously, there's a lot that goes into a settlement offer and as such, you should always let your attorney review your offer to ensure you get what you're actually owed.

A Dependable Ally

Your personal injury lawyer will be one of the greatest allies to you during your recovery. They can help you understand more about what your rights are, ensure that you don't get taken advantage of by the other side, and get you what you deserve.

By arguing for your rights and standing up to the insurance companies, your attorney will help you get the restitution that you need to make a full recovery. Not only do you have to deal with less stress, but you get more respect from the insurance companies by having a professional on your side. As such, they're a vital part of the recovery process for those injured in an accident.

We have decades of experience in personal injury law and have helped our clients receive millions of dollars every year in settlements and court-ordered monetary awards. With offices throughout Florida, we're always ready to help. Contact our team today to set up a free initial consultation and find out more about what your rights are and how we can help.

Attorney David L Goldman

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Personal injury lawyer Stephan Fernandez Hire Commitment Over 100 Years Combined Helping Florida's Injured Get Justice
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Client Reviews

"Excellent experience with this firm. Attorney Goldman was very active and involved with my case and the results were better than I expected."

Client, Sarasota

"Bernard exceeded my expectations. He successfully represented me when I had been devastatingly injured. This attorney, along with his excellent staff, diligently, skillfully, and successfully represented me, and continues to do so."

Client, Bradenton

"The level of attentiveness, thoroughness, effort and care has been the same as if my case were a multi-million dollar case. David Shapiro’s professionalism and diligence is to be commended."

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