How Serious Does Your Injury Need to Be to Call a Lawyer?
Some people are hesitant to file injury claims after they get hurt, especially if they believe their injuries aren’t serious. But serious is a subjective term, especially when it comes to injuries. Even an injury that’s relatively minor can result in major expenses.
For example, repetitive stress injuries occur over a long period and involve minor damage accumulating and worsening over time. But eventually, victims may become fully disabled by them. The same is true for many types of personal injuries.
It’s not uncommon for victims of auto accidents or medical malpractice to initially have mild symptoms, only for those symptoms to either worsen or become nagging to the point where they can no longer work or enjoy their lives. Although their initial medical bills may be low and their injuries described as “minor,” they still deserve significant compensation for how their injuries have affected them.
At Skolrood Law Firm, our Roanoke personal injury lawyers never jump to conclusions when reviewing personal injury claims. We know that no two injuries are alike, and some serious injuries may be recovered from more quickly and completely than injuries that appear minor or inconsequential in comparison.
If you were recently injured through no fault of your own, we want to hear your story. It’s common for insurance companies to dismiss claims from people whose injuries seem minor, but our legal team knows that you may have a long road ahead of you. Contact us today for a free consultation.
Do You Really Need a Lawyer for Your Injury Claim?
You were hurt in an accident and need compensation for your medical bills and lost wages. You were expecting a fight to get the money you need, but the insurance company seems cooperative. It may have even offered you a settlement. If that’s the case, then why do you need a lawyer?
Simple: the insurance company is extremely unlikely to pay you what you deserve on their own volition! Insurance companies are in business to make profits, and if they paid every claimant full compensation, they wouldn’t make very much money. The reason why insurance companies report big earnings and profits quarter after quarter, year after year, is because they reduce or deny claims whenever and wherever they can.
When insurance companies seem cooperative or even proactive by offering settlements right away, it’s because they know the alternative is even worse. That means they’ve reviewed the facts of the cases, and they know that the victims deserve substantial compensation. But by offering immediate compensation, they can often get victims to accept settlements that also sign away their rights to future compensation.
Unfortunately, victims who accept fast settlements often quickly find out that the money they received isn’t enough to pay for all of their expenses. But when they reach out to the insurance company, they’re told that they’re no longer eligible for compensation. And it’s true—once you accept a settlement, that’s it. Personal injury claims are “one and done” situations.
Don’t let this happen to you! Having a lawyer on your side helps you ensure that you’re either getting a fair settlement from the insurance company, or that you have an advocate who will help you get fair compensation. Contact Skolrood Law Firm’s Roanoke personal injury lawyers today for a free consultation.
Should You Request a Lump Sum or Structured Settlement from the Insurance Company?
Most personal injury claims settle via a lump sum payment. That means the injured victim gets a check from either the at-fault party’s insurance provider or their own insurance provider and that’s the end of the process. But victims can also request structured settlements, which means they get their payments spread out over several years.
Which is right for you? There are pros and cons to each type of settlement.
Pros of a lump sum:
- You get all the money right away. You don’t have to wait, and you can begin paying your medical bills and everyday living expenses.
- You can put the accident behind you. Receiving a lump sum payment signals the end of your claim.
- You can invest surplus money to receive a greater return.
Cons of a lump sum:
- Handling a windfall can be difficult. Many people struggle to manage a large amount of cash.
- If you mismanage the money, it’s gone. There will be no more checks coming to you.
- You may owe a greater tax burden.
Pros of a structured settlement:
- You can count on regular payments to continue for a long time. That means that even if you mismanage your first few checks, more are coming.
- You can save money on taxes.
Cons of a structured settlement:
- You lose out on some money due to inflation.
- You lose out on the chance to invest excess money.
The Roanoke personal injury lawyers at Skolrood Law Firm can help you decide whether a lump sum or structured settlement is right for you. Contact us today for a free consultation, and let us build your claim.