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Why maximizing compensation is key after a catastrophic injury

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Insurance companies spend millions of dollars a year in advertising to make you trust them. You may not realize until it is too late that they didn’t offer you an appropriate amount of compensation. All too often, people settle for less than the maximum amount available to them and less than they deserve when they suffer catastrophic injuries. Some people accept low settlements from insurance companies, while others only look to insurance when other options exist. Whether you got hurt because of a poorly-maintained building or a crash caused by a distracted driver, maximizing the compensation you receive is important. You never know how much your injuries will continue to cost in the future, and you also want to create consequences for the party responsible for causing your injuries. Catastrophic injuries can cost millions of dollar A motor vehicle collision can break bones, sever limbs, injure the brain and even damage the spinal cord. Any injury that will cause lasting changes to your lifestyle or physical abilities is an injury that likely requires as much compensation as possible. A brain injury, for example, will cost somewhere between $85,000 and $3 million in medical costs and lost wages. That will be many times more than what the insurance of a driver who hit you might pay. Spinal cord injuries often have seven-figure price tags over the course of someone’s life and can cost more than $100,000 in just the first year alone. Instead of accepting the lowball settlement offered by the insurance company, you will better protect yourself by exploring what the long-term costs of those injuries will actually be and countering at first offer. You may need help to get the most compensation possible From tricky negotiation tactics to legal loopholes, there are many ways that insurance companies avoid paying out what they should when someone gets hurt. Trying to manage a catastrophic injury claim on your own can consume your life, especially if you are still in the process of healing from the injury. Professional help allows you to focus on your medical recovery while they ensure your financial recovery. Learning more about the likely costs of catastrophic personal injuries will put you in a better position to connect with appropriate compensation.The post Why maximizing compensation is key after a catastrophic injury first appeared on The Sapp Law Firm, L.L.C..

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