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How Car Accident Settlements Work in Fort Worth

How Car Accident Settlements Work in Fort Worth
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In Fort Worth, Texas, car accident victims have legal avenues to explore that could support their recovery through compensation for their losses. However, navigating the road to a fair settlement is complex and time-consuming.

It does not matter if your injuries are minor or if you are struggling with the long-lasting effects of a major accident. Understanding how car accident settlements work is key.

Patterson Law Group wants to make things a little easier by breaking down the settlement process for you, highlighting why having a knowledgeable Fort Worth injury attorney by your side is invaluable.

Understanding Car Accident Settlements

A car accident settlement is an agreement reached between the injured party (the plaintiff) and the at-fault party’s insurance company (or sometimes the at-fault party directly), in which the injured party agrees to release the at-fault party from further liability in return for a specified sum of money.

The primary goal of a settlement is to compensate the victim for damages such as:

  • Medical expenses
  • Lost wages
  • Pain and suffering
  • Loss of enjoyment of life
  • Loss of consortium
  • Property damage

These settlements are a common resolution to car accident claims, often preferred because they provide compensation without needing a lengthy court trial.

The Settlement Process

When considering settling your car accident claim, we encourage you to contact our Fort Worth attorneys first. We can help you decide how to proceed.

Initial Consultation

After receiving medical attention, the first step should be consulting a Fort Worth injury attorney. During this consultation, your attorney will evaluate your case, including the extent of your injuries, the damages incurred, and the overall impact of the accident on your life. This initial assessment is critical in determining the potential value of your claim.

Investigation and Evidence Gathering

Your car accident lawyer in Fort Worth will then thoroughly investigate the accident. This includes collecting police reports, medical records, testimony from witnesses, and available surveillance footage. The goal is to build a strong case that demonstrates the other party’s liability and the extent of your damages.

Calculating Damages

One of the most complex aspects of a car accident claim is accurately calculating the damages. This goes beyond medical bills or repair costs; it also includes estimating future medical expenses, loss of earning capacity, and non-economic damages like pain and suffering. An experienced Fort Worth injury attorney will leverage their knowledge and resources to ensure every potential damage is accounted for.

Negotiating with Insurance Companies

Armed with evidence and a clear calculation of damages, your attorney will negotiate with the at-fault party’s insurance company. Insurance adjusters are notorious for initially offering lowball settlements, hoping to minimize the amount paid. However, a skilled negotiator, like a car accident lawyer in Fort Worth, will advocate to secure a fair settlement that reflects the extent of your losses.

Settlement Offer Evaluation

Once a settlement offer is made, evaluating it meticulously with your attorney is crucial. They will advise whether the offer adequately compensates for your damages or if further negotiations—or even proceeding to trial—are necessary. Remember, once you accept a settlement offer, you waive the right to pursue any further legal action related to the accident.

Decision to Accept or Litigate

You may need to consider litigation if the insurance company’s settlement offer is insufficient and negotiations stall. Filing a lawsuit can be a powerful tool to pressure the insurance company into offering a fair settlement. However, this decision should not be taken lightly, as litigation can be time-consuming and costly. Your Fort Worth injury attorney will guide you in the best course of action based on the specifics of your case.

Why You Need a Car Accident Lawyer in Fort Worth

The settlement process involves time-consuming and often confusing legal procedures and negotiations that can be overwhelming for someone without experience handling a personal injury claim. Rather than attempting to try to pursue legal action alone, a car accident lawyer in Fort Worth offers numerous benefits, including:

  • Knowledge of state-specific laws and regulations is vital for effectively navigating the settlement process.
  • Negotiation Skills that can help you achieve a much more favorable settlement offer.
  • Reduced stress from being able to focus on your recovery without worrying about your legal rights being protected.

Additionally, an attorney can accurately evaluate your damages, ensuring you receive the maximum compensation.

Contact Our Fort Worth Injury Attorney

Understanding the ins and outs of settlements after a car accident is essential when making choices that best support your recovery. Our Fort Worth car accident lawyer is here to help you confidently pursue a personal injury claim to get justice.

At Patterson Law Group, we advocate for the rights of car accident victims and offer legal advice and guidance to ensure they receive the fair compensation they deserve. If you have been injured in a car accident in Fort Worth, contact our law firm for a free consultation. Our Fort Worth injury attorney is here to provide the guidance and support they need during this tough time.

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