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Considering a settlement for premises liability injuries

On Behalf of | May 17, 2024 | Injuries

After sustaining severe injuries on someone else’s property, the owner may readily offer you some cash for your troubles. It can be tempting to take this money so you can move on from this nightmare and focus on getting better. However, those at fault in premises liability cases often use these quick fixes to avoid paying the proper amount.

When a property owner’s negligence is the cause of your accident, you’re likely entitled to compensation that covers medical expenses, lost wages, and pain and suffering. However, the initial offer may not fully account for the true extent of your injuries.

What you should know before accepting a settlement

The consequences of an accident can unfold long after the event itself. You might find that you need ongoing care or that your injuries prevent you from working as you once did.

Generally, insurance companies are not on the victim’s side. They often aim to have victims settle for the lowest amount possible. Moreover, accepting their initial offer may mean giving up your right to pursue additional compensation, even if your condition progresses or you need more treatments.

How to determine what a fair compensation amount is

North Carolina has no set formula to calculate the exact compensation amount for a premises liability case. Instead, the judge and jury will decide after assessing how your injuries have impacted your life. This thorough review may lead to a final settlement far exceeding the initial offer.

Engaging an attorney early can be pivotal to your case. They can help investigate what happened, gather evidence and build a compelling case for you. With their support, you may focus on your recovery while they pursue the compensation you deserve.

 

Although accepting a settlement offer may seem to save time, this decision may cost you more in the future.

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