Posted on Monday, October 7th, 2019 at 4:57 pm    

One of the biggest myths about personal injury settlements is that injury victims make lots of money from settlements for insurance claims. Even when an individual is entitled to a large settlement, other factors can result in a lower settlement figure. For example, the at-fault party may not have sufficient insurance coverage or assets to pay the total amount of the injury claim. Fault for the accident may be disputed, and a jury may determine that the injury victim was partially at fault for the accident.

The process of fighting for the compensation you deserve after an accident can be lengthy and complex. Having an experienced Sacramento personal injury attorney on your side can give you an advantage in the fight. Call for a free consultation with one of our lawyers to discuss how we can even the playing field with the insurance company.

Three More Myths About Accident Settlements

In addition to the “get rich quick” myth about personal injury settlements settlements, three other myths to be aware of include:

1.  You are paid for your personal time and effort in settling your claim.

No, the insurance company does not reimburse you for your personal time and effort working on your case. However, you might receive compensation for emotional suffering and mental anguish caused by the accident and your injuries. An attorney can help you document these damages to include in your claim. Also, if you are required to file a lawsuit to fight for what you deserve, your attorney can request that the court include reasonable attorneys’ fees and legal costs in the demand.

2.  The value of your case is three times the amount of your financial damages.

Calculating the value of a personal injury claim is not a simple math problem. Many factors must be considered when calculating how much a personal injury claim is worth. While financial damages can be a large portion of a claim, you also must consider compensation for your pain and suffering. Also, factors regarding fault, such as contributory negligence, could play a role in determining the value of your claim.

In many personal injury cases, we look at numerous factors to calculate the value of your injury claim, including, but not limited to:

  • The total financial losses, including loss of income and medical expenses;
  • The cause of the accident and the available evidence to prove fault;
  • The conduct of the party who caused your injury;
  • The type and severity of your injury;
  • Whether you sustained a permanent impairment;
  • Property losses for items destroyed in the accident, such as a motor vehicle and personal items; and,
  • The availability of insurance coverage and other sources of compensation.

3.  Insurance companies always want to settle a claim instead of going to court.

While an insurance company does use the cost of litigation as a factor to decide whether to settle a case for a certain amount, it is not the only factor the company uses to decide whether they want to settle or face litigation. Insurance companies have teams of professionals, including attorneys, who handle litigation. If the company believes that it has a strong case, it might decide to fight your claim in court instead of settling the claim.

Contact a Sacramento Personal Injury Attorney for Help

Handling personal injury settlements can be difficult and complicated. You need experienced legal counsel who understands personal injury laws, insurance tactics, and how to calculate the true value of a personal injury claim.

Contact our Sacramento accident lawyers for a free consultation by calling The Tiemann Law Firm at (916) 999-9000 or by visiting our website.

Client Testimonials

Herb T. Testimonial
Quote

The Tiemanns were referred to me by a friend and I am exceptionally happy with the service I received. I had never been in an accident before. I had no idea what to do. Jelena verbally explained how everything would work to me, and she and Peter handled everything. I didn't have to lift a finger once. They went above and beyond for me and I am extremely grateful. I pray I won't ever need this type of assistance again, but I will definitely be referring them to friends and family.

Jennifer T. Testimonial
Quote

I highly recommend The Tiemann Law Firm! I had never before been in a situation where I sustained injury and had to seek legal representation. I was nervous, traumatized, and had no idea what to expect. Jelena, Peter, and their staff walked me through each step of the process. They explained everything in detail. They patiently answered all my questions, responded quickly to every email, text message, phone call, etc. I felt totally prepared for each new phase of the legal process. Furthermore, they were fearless in their defense of me. In certain situations, when I felt attacked or scared my attorney protected me like I was family. Their diligence, honesty, integrity, and compassion provided a true sense of healing and closure for my family and I. The Tiemann Law Firm accomplished more for me than I ever thought possible and I am forever grateful.

S.B. Testimonial
Quote

Here's the thing... Nobody really thinks much about lawyers until they need one.  Well, we needed one!  The Tieman Law Firm came through for us in a big way. They were professional, courteous, thorough, and had excellent staff as well.  Highly recommended...

Jereme S. Testimonial
Quote

No one wants to have to hire a lawyer, but if you do. I prefer Tiemann Law. They helped a family member who was injured on the job, and the company did not want to compensate him even though, the injury occurred on the job on company time. Jelena was always professional in explaining the lengthy process of fighting a large corporation. 2 years later he finally is receiving the deserved compensation.

Hanna Padilla Testimonial
Quote

From the very start of my case the Tiemann Law Firm was wonderful. Perter came all the way to my home to sit down and talk to me about my options. He made me and my partner feel very comfortable and promised us he would take the very best care of my case. Peter kept me informed every step of the way and was always on top of things. everything was done in a timely manor and I always felt like I was the only case he was working on because he was so fast. In the end Peter got me back way more money than I ever expected. I would recommend this law firm to everyone. I am very happy with the outcome of my case thanks to the Tiemann Law Firm! Thank you!