5 Tips For Claiming Personal Injury Compensation

Recovering from an accident is physically and emotionally draining, and your recovery can have big impact on your personal finances.

You may have to take time off from work, and reduce your monthly expenses- which impacts your quality of life. This is all to accommodate for an event which wasn’t your fault.

While trying to cope with the burden of physical or psychological trauma, and the negative emotions as a result of the accident, your finances may suffer. Use these tips to gain the most from your personal injury claim and fix your finances.

Do You Need an Attorney?

 

Thankfully, there are personal injury lawyers to help alleviate the stress and time it will take to submit a claim. At a time when you are trying your hardest to put the pieces of your life back together, handing a case over to a professional can be quite relieving.

Personal injury lawyers work on a contingency fee basis, meaning they are paid when you win your case.

Colorado Injury Law obtains top dollar settlements in personal injury cases. They specialize in vehicular and pedestrian accidents, and other situations. To learn how the firm can help you, visit www.coinjurylaw.com to find a legal professional.

If you need an attorney, ask your friends and family for referrals to law firms, and ask their contacts about personal injury lawyers that they recommend.

If you’ve had a financial setback, this article can help.

Time Sensitivity

 The statutes of limitations dictate the deadline for filing a personal injury claim, and the statutes may differ by state. This is a critical piece of information that an attorney can help you clarify.

You potentially miss out on a lot of money if you don’t file a claim within a set timeframe. Assume, for example, that you must file a personal injury claim within two years of when the accident took place or from the date you were aware of the injury.

This will, of course, vary from state to state, so don’t delay in seeking advice from a personal injury lawyer to ensure you don’t miss your opportunity to file a claim.

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Shop Around

 

Personal injury lawyers can charge up to one-third of the compensation you win in a legal case. It’s worth calling a few lawyers and surveying law firm reviews online to ensure you’re getting the best service and a fee that is reasonable.

 

Although one third may seem like a lot, it really depends on the value you are getting from your service. Before deciding on an attorney, consider how experienced, qualified and successful they are within the personal injury sector.

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Negotiate Fees?

It never hurts to try and negotiate the fee as the worst the attorney can say is no. If your case is capable of a great return in compensation, the lawyer may be willing to negotiate a lesser percentage to ensure you don’t go to a competitor.

Insurance Coverage

Discuss your case with your insurance agent, because your insurance policies may cover some of your medical bills, car repair, and other costs- but maybe not all of them. Speak with an attorney before you sign any insurance documents, so that you don’t limit your ability to sue for damages.

The 5 tips above provide a broad guide to managing your personal injury claim. Please seek expert advice from a personal injury lawyer to discuss your claim in more detail.

 

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

Co-Founder: accountinged.com

(email) ken@stltest.net

(website and blog) https://www.accountingaccidentally.com/

(you tube channel) kenboydstl

 

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