Some people assume that others will treat them with decency in their moment of greatest need. Others put faith in the legal system or an insurance company because they have good coverage. Unfortunately, those who blindly trust that they will receive fair treatment may actually experience the opposite when coping with a catastrophic injury.
There is a lot of money to be made or lost when it comes to injuries and insurance. The individuals responsible for someone’s injuries and insurance companies might take extreme measures to try to avoid personal, legal and financial responsibility for the catastrophic injuries that they caused others.
You need to aggressively pursue all possible options for compensation after suffering a major injury or risk others taking advantage of you.
Insurance companies will want to underpay
The more compensation you get for your injury, the bigger the impact on the insurance company’s profit margins. No matter how earnestly they promise to take care of you, their shareholders always come first.
When facing catastrophic injury claims, insurance adjusters may push for a quick settlement so that they can reduce the total amount their company pays. You need to know what is possible under the policy and also what the injury will cost you. You may need to negotiate fiercely to get the full amount of coverage available.
Expenses will go beyond what insurance will pay
Unless the person who caused your injuries has incredible insurance coverage or the party at fault is a business, a catastrophic injury will cost far more than what the typical liability insurance policy will pay. Even when you add your own uninsured/underinsured motorist protection required under Indiana law, your bills may far exceed what insurance will pay.
Traumatic brain injuries and spinal cord injuries will cost and likely seven figures in lifetime medical expenses, while insurance may only pay a fraction of those costs. There are also accommodations for daily life and lost wages to consider, along with other financial consequences depending on the circumstances.
Filing a personal injury claim against another driver could be an option. Sometimes, there could be businesses or third parties with some degree of liability and therefore financial responsibility for your injury.
Exploring all of these options can help you maximize how much compensation you receive after a catastrophic injury.