What's a fair settlement for insurance claim on personal injury case

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Uploaded by on Aug 10, 2010

http://www.connecticutinjuryhelp.com How does someone know if they're being offered a reasonable settlement from an insurance company? (transcribed from video Q&A interview with Paul Levin, Connecticut PI attorney www.connecticutinjuryhelp.com)
(Attorney Paul Levin) You probably wouldn't without some guidance. And that's another reason why you don't want to go into a negotiation with an insurance company your first time. It's like trying to buy an automobile from a used car dealer if you've never been through the process before. They're going to win and you're going to lose. So yes, you need to get a lawyer. And then the parameters are the extent of the injury, the amount of financial loss, the future consequences to you financially. And then you have the whole element of non economic damages which are critical. How has it affected you? How has it affected your family members? How has it affected your body? How has it affect your ability to participate in your activities that you like to engage in? How is it going to affect your earning capacity as you age? Are you going to need more accommodations at your job? Is your job going to put up with you if you can't do the same type of productivity that you were able to perform before?
You only get to settle a case or try it once but yet you may have to live with the consequence of the injury for a long, long time. That's why you want it get it right the first time.
(Interviewer) With all things being equal, it seems to me that once you settle a case that you weren't compensated fairly on, then there's really no turning back.
(Attorney Paul Levin) You're going to have one chance to get this right. Unlike a painting where you change colors or sand paper it off and start again. You're not really going to have that opportunity here, once you sign a settlement document, that's it. You really want to make sure what both you and your attorney have thought through all the ramifications of what's at stake here for you and your future and what are the probabilities if you choose to settle the case vs. seeking your day in court and letting a jury of your peers decide what's fair.

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  • An insurance company made my friend an insulting $4,000 settlement offer for a permanent neck injury that causes Arthritis at an early age. Read the George's Line report online and you'll see that $4,000 is nothing. Get a lawyer that doesn't mind going to court and don't waste time with their insults.

  • Do your research and find out what others have been paid and don't accept an insulting low settlement. An insurance company made an insulting $2500.00 settlement offer, it went to court and the verdict was $111,000 which is a reason to celebrate.

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