How Are Personal Injury Settlements Paid Out?
For people unfamiliar with the personal injury claims process, the question of “where exactly does my money come from?” can seem all too relevant.
In this article, we take a look at the two major ways that personal injury claims are paid out. Read on to learn more—and don’t hesitate to contact a personal injury lawyer from The Law Offices of Casey D. Shomo to get a free consultation.
Who Pays for a Personal Injury Settlement?
When you suffer injuries in an accident, filing a claim against the party—or parties—responsible for your damages can help you get cash compensation. But who pays this money?
This can depend somewhat on the details, but when a settlement is being paid, most often, it’s an insurance company that ends up footing the bill.
Take the example of a car accident claim. In Florida, which is a no-fault state, your compensation for things like medical bills and emergency room fees will first be paid by your own PIP insurance, up to a point. If your damages are significant enough and someone else is to blame, filing an injury claim can lead to the other person’s insurance company paying for your settlement.
This is also the case for many other types of accidents, such as dog bites or slip-and-falls on private property, which would likely be covered by homeowners insurance.
In short, insurance companies are often the ones tasked with paying your settlement in a personal injury claim. But getting them to do so can be tricky. The insurance company will do everything it can to pay you the least amount possible.
Fortunately, an experienced personal injury lawyer can help you negotiate for the settlement figure you deserve, or even take your claim to court if necessary.
Consult a Personal Injury Lawyer Now
With so much riding on getting the compensation you need after an accident, why go it alone? A personal injury lawyer from The Law Offices of Casey D. Shomo wants to help you recover the settlement figure you need in West Palm Beach.
Fill out our online form or call us today for a free consultation: 561-659-6366.