While getting money fast may seem like a good idea, it can often result in you getting less than what you deserve.
After a slip and fall, dog bite, car accident, truck accident or any other type of incident that causes injury, you may rapidly find yourself overwhelmed with bills. You will likely have significant medical expenses and may be unable to work, leaving you struggling to meet your basic financial obligations such as rent or a mortgage, utility bills or even putting food on the table. In this situation, it is very tempting to take any type of settlement that you can get to help you get back on your feet. But a fast settlement isn’t always the best settlement — and may leave you without a way to pay bills in the future.
Insurance agencies and some Phoenix personal injury attorneys may attempt to convince you that getting a settlement as soon as possible is the best course of action. You’ll be done with the case and you can move forward with your life. But in many situations, particularly those involving ongoing medical treatment, a super fast settlement is not actually in your best interest.
Ongoing Medical Needs
In most personal injury cases involving some type of harm to the plaintiff, the injuries require continued treatment. It may be impossible to know exactly when you’ll actually be better — or what sort of care you will need in a month, a year or even a few years down the road. You may feel great on day 10 after the accident, but then start to feel worse in a few weeks. Some injuries may be hidden, or you may not know the full extent of the damage to your body until some time has passed.
For this reason, it often makes more sense to wait for a period of time until you have reached maximum medical improvement. Once you are at that stage, your Phoenix personal injury attorney can gather documentation to put together a settlement package for the insurance company. By waiting, your attorney will have a more full picture of the extent of your injuries — and how much money you will need to make you whole again.
This is particularly true when it comes to more serious injuries, such as a traumatic brain injury or injuries to your neck, back or spine. Your injuries may not be stabilized for quite some time after the accident, leaving you unsure as to what exactly you’ll need in the future. An experienced Phoenix personal injury attorney understands this, and will work with your doctor and other medical experts to determine what your medical and financial needs will be in the future.
However, in some cases — such as when there are limited funds available to cover your losses— it does make sense to get a settlement as quickly as possible. Your Phoenix personal injury attorney should investigate the total funds available and work with you to determine the best strategy for moving forward with a settlement demand, litigation or other measure.
When it comes to recovering money on behalf of clients, the attorneys of the Law Offices of Larry H. Parker are highly experienced and successful. We pride ourselves on recovering millions of dollars for our clients, and making sure that they get the highest possible recovery for their injuries. Contact our office today at 602-340-0030 or firstname.lastname@example.org to schedule a free initial consultation. We never charge a fee unless we recover money for you!