Why You Should Talk to a Lawyer Before Settling with Your Insurance CompanyMay 18, 2012
When you are seriously injured in a car accident and another party is to blame, you may be overwhelmed by how quickly your expenses can pile up. Even if you were formerly in a stable financial situation, the pressure can mount quickly as medical bills accumulate and lost wages strain your budget. Insurance companies are well aware of this. Even in cases where liability is clear, they may use any plausible excuse to delay—knowing that the longer they wait, the more willing the injured party will be to accept a settlement.
Before you agree to any settlement with an insurance company, it is important to understand the full scope of compensation to which you may be entitled. If your injury was the result of careless, negligent, or reckless actions by another, you may be able to receive compensation beyond medical bills and lost wages.
The law also entitles victims of negligence to non-economic damages — pain, suffering, anguish, etc. − in many instances. These damages are highly subjective and may be difficult to establish. While Maryland has capped these types of damages in many personal injury cases, they can still be substantial.
Remember, if you are injured due to the negligence of another, you only have one opportunity to assert your rights to compensation. If you act too hastily and accept a low settlement, you rarely get another chance. By consulting an experienced Baltimore auto accident lawyer at LeViness, Tolzman & Hamilton, P.A., you can avoid bargaining away your rights prematurely. Our attorneys can help you understand the full potential value of your claim and can aggressively negotiate on your behalf to increase your chances of receiving a prompt and fair settlement.