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The settlement process in personal injury cases can be difficult to grasp. There are many factors that affect the amount, as well as how it’s handled. The legal team at Peck & Peck Attorneys At Law in Hartford, CT, recommends understanding the different outcomes. Working with a personal injury attorney may drastically affect your settlement, and knowing what to expect can help you maximize your compensation.

Personal Injury Attorneys List 3 Essential Facts About Settlements

1. The Value Is Based on Injuries

When seeking a claim, a personal injury attorney will value your settlement based on your medical expenses. Depending on your health, this can delay a case for some time. When settling, you never want to accept compensation until you reach maximum medical improvement (MMI). This means you’re fully recovered and will receive a settlement correctly valued to cover the entire event.

2. Many Settlements Occur Out of Court

personal injury attorneyIn most personal injury cases, you’ll be dealing with the defendant’s insurance carrier to negotiate a settlement. To streamline the process and avoid legal complications, the provider will often work with an injury attorney to establish compensation terms out of court. The same can be said for corporations—often, they want to avoid courtrooms, as they can bring bad press coverage.

3. They Aren’t Meant to Create a Profit

While personal injury claims may seem like a way to make millions, settlements rarely go beyond covering medical costs. Though there have been cases in the past where corporations offer seven-figure settlements, most cases only cover expenses related to the event. The goal isn’t to create a profit for the person filing the claim, and courts often place financial caps on claims based on the damages.

If you’re dealing with injuries and want to file a claim, contact a personal injury attorney at Peck & Peck Attorneys At Law. With over 35 years of experience, they’ll work closely with you to build a case and attain the maximum settlement. Call (860) 236-4782 to schedule a consultation with an accident lawyer, and visit their website to learn more about their practice.

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