Timing Your Settlement: When Is The Right Moment For A Personal Injury Case?
Getting injured in an accident can be a traumatizing experience. It may cause pain, suffering, medical bills, job loss, and financial distress. When you have been injured due to someone else's carelessness or negligence, you may have a personal injury case. However, timing matters when it comes to settling personal injury cases. Settling too early may result in a smaller settlement than you deserve, while waiting too long may damage your case. This article will help you understand when is the right moment to settle a personal injury case.
Wait Until the End of Medical Treatment
The most important part of a personal injury case is understanding the extent of your injuries. This requires you to wait until you have completed all necessary medical treatments, including physical therapy and rehabilitative services.
If you settle your claim before treatment is complete, it may not reflect the full amount of damages incurred by the accident. On the other hand, waiting too long may make it difficult to prove that the injury was caused by the accident in question.
An experienced personal injury attorney will ensure you have reached your maximum medical improvement (MMI) before settling your case. MMI is a term used to describe the point at which the injured person has recovered as much as possible from their injuries and treatment. Your lawyer will ensure that your injury is correctly documented and that all your medical bills are accounted for.
Avoid Statute of Limitations
Every state has specific laws that determine the time frame within which a personal injury lawsuit can be filed. This is known as the statute of limitations. Therefore, you should have your personal injury attorney determine the statute of limitations that applies to your case.
Filing for a lawsuit past this time frame can result in losing your right to compensation and a waiver on the case. You should also be aware of the possibility of a settlement that may include a release and waiver, which can prevent you from taking legal action in the future. A qualified lawyer will help you understand the legal implications of these documents and ensure that your best interests are represented.
Timing matters when it comes to settling personal injury cases. Before settling your case, consult an experienced personal injury attorney to determine your rights, the possible outcomes, and the right time to settle your claim. Settling your personal injury case may take time, but it's crucial to receive the settlement that you deserve.
Contact a local personal injury lawyer to learn more.