What is a fair settlement for a car accident in Kentucky?

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Gregory M. Funfsinn - Personal Injury - General - Super Lawyers

Answered by: Gregory M. Funfsinn

Located in Lexington, KYHicks & Funfsinn, PLLC

Lexington, KY
Phone: 859-286-7840

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There are many factors that go into determining what a car accident claim is worth in Kentucky. There is not a figure or chart an attorney can provide that will tell you exactly what to expect from your personal injury claim. However, understanding the factors that go into determining a fair settlement can go a long way in making sure you get your personal injury claim off on the right foot.

In the days after an accident, it is not important to know exactly how much a case is worth; it’s important to make sure you seek out the medical treatment you deserve and that you seek the advice of an experienced motor vehicle accident attorney. Having a clear treatment record and experienced attorney on your side is the best way to maximize the value of your case.

Examining Your Injuries

The extent of your injuries and the medical treatment required to heal them will be the single most important factor in determining whether a settlement offer is fair. There is a huge difference between the financial resources needed for someone with soft tissue injuries that can be treated with six weeks of chiropractic care and the financial resources needed by someone who suffers a brain or spinal cord injury with lifelong repercussions.

What A Fair Settlement Will Provide

A fair personal injury settlement after your motor vehicle accident will provide you with the financial resources you need to be whole again now and in the future. This includes compensation for your past, current and future medical expenses; your injury-related lost wages and reduced earning capacity; and your pain and suffering. It’s important to ensure that any settlement offer factors in your current situation as well as your anticipated future needs. These needs can be determined with the help of professional experts such as lifecare experts, medical experts and vocational experts.

When A Fair Settlement Offer Never Comes

Most personal injury claims settle outside of court. However, there are times when the insurance company is simply unreasonable and unwilling to make a fair settlement offer. In such cases, it is necessary to take a case to trial to obtain the full and fair compensation a motor vehicle accident victim deserves. An experienced personal injury attorney can make all the difference in a trial, as they know the ins and outs of the legal system as well as the games the insurance company will play to skirt responsibility.

How You Can Tell What An Unfair Offer Is

Insurance companies almost always reach out in the aftermath of an accident, offering a quick settlement when an injury victim is at their most vulnerable point. This offer will be in their interest; not yours. Don’t accept anything without speaking to a personal injury attorney about your options.

Disclaimer: The answer is intended to be for informational purposes only. It should not be relied on as legal advice, nor construed as a form of attorney-client relationship.

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