Personal Injury Settlements
Let Our Florida Injury Law Firm Handle Your Personal Injury Settlement
After an injury, or the death of a loved one, you have a right to file a lawsuit for compensation for your injuries and related losses. Typically, your personal injury lawsuit will involve the insurance companies of the involved parties. Our Florida injury law firm works with insurance companies to settle personal injury claims before taking them to trial. By gathering evidence through reports, witnesses, and experts, our lawyers can demonstrate the severity of your injuries or loss to negotiate with the insurance company for a fair settlement. If a settlement is reached it means that all parties agree to a compensation amount.
Although the majority of PI claims end with a settlement, if a fair number can’t be reached, our personal injury attorneys are ready to take your case to trial.
Factors Insurance Companies Consider for Personal Injury Settlements
When deciding whether to settle a personal injury claim and then determining how much is an appropriate settlement, insurance companies consider numerous factors. Our Florida injury law firm attorneys work with insurance companies to ensure they have accurate information to help negotiate a fair settlement for your injuries.
The At-Fault or Negligent Party
As your personal injury attorneys our goal is to show that the opposing party was at fault. The more certain the fault is, the more likely the insurance company will be willing to settle.
Seriousness of the Injuries
If your injury disrupts your typical day-to-day life, requires medication, extensive medical treatment, especially long-term treatment, or otherwise requires a long recovery, an insurance company may offer a greater settlement.
Sometimes insurance companies draw a correlation between property damage and the extent of any injuries. For example, if your car is totaled in a highway accident, the insurance company may be more inclined to assume your injuries are significant.
Cost of Related Medical Bills
Insurance companies will also consider the cost of your medical bills, the value of wage loss and loss of earning capacity, as well as pain and suffering and other types of damages Your personal injury attorney outlines this information for all parties as part of the process of receiving fair compensation for your injuries.
Our Florida Injury Law Firm Answers Your Questions About Personal Injury Settlements
After an accident you likely have questions about the personal injury claims process. At a time when you’re focusing on recovery, or helping loved ones through a difficult time, our Florida injury law firm strives to provide information that makes your experience stress-free.
Is there a minimum settlement amount?
No, although a figure that will help with the payment of your medical bills is a good starting point, each case is unique with multiple factors to consider.
Do I get to decide if I accept a settlement or go to trial?
Yes. Your legal fate is in your own hands. Your attorney or an insurance company may offer opinions, and insurance companies may even try to influence or intimidate you. Nonetheless, no one but you can decide whether you want to settle or take your case to trial.
How much does your Florida injury law firm take from my settlement?
Searcy Denney handles personal injury cases on a contingency fee basis, which means our fee is an agreed-upon percentage of the amount of money you recover, and it is contingent upon making a recovery for you. Our law firm does not get paid unless and until we obtain a favorable settlement.
Our law firm has no up-front fees and we’ll never ask for a credit card or payment. We fund the costs of pursuing your case, which can be significant, and you will not owe those costs unless and until you win your case or receive a favorable settlement.
How do I collect my settlement check?
If you have settled your personal injury claim, your attorney will receive the settlement check from the insurance company in the mail. He/she will deposit the check into their client trust account, and transfer the money to you accordingly. Unless the insurance company is dragging its feet, this should all happen fairly quickly.
Are taxes paid on personal injury settlements?
The IRS considers all incoming money to be taxable. However, there is an exception for personal injury settlements or awards. As long as your injuries are physical, your settlement amount is exempt from taxation. Income from non-physical injuries, such as emotional distress, loss of consortium, or pain and suffering, may or may not be taxed, based on a variety of factors.
Why You Need a Florida Injury Law Firm
Our reputation as a leading Florida injury law firm forces an insurance company to take your claim seriously. Our personal injury lawyers handle all communication with involved parties, coordinate mediations and depositions, consult with expert witnesses, doctors, and medical personnel, and act as your advocate to ensure you get the maximum amount of compensation for your injuries
How Much is Your Case Worth? Contact Searcy Denney for Answers
If you’ve been injured in an accident, or lost a loved one, contact our Florida injury law firm today for a free consultation. Our legal team can review the facts of your case to determine if you have a personal injury claim. Contact us online today.