,

What is a Settlement Package?

Accidents are never easy to deal with. After sustaining an injury or damage to your property it can be hard to think straight, but it’s important that you keep your head. If you want to get what you deserve from your insurance company, you’ll need to send them a settlement package. This is defined as a collection of any pertinent documentary evidence relating to your injury. Even the most charitable insurance companies won’t pay you anything if you can’t prove that you’ve suffered unjustly, and most insurance companies are far from charitable. So even if you’ve been through a traumatic experience, you need to take the time to prepare a proper settlement package, with your own hands or by hiring a professional.

Settlement Agreement

Employment packages should include proof of the damage that happened.

The package should contain compelling evidence that an injury or some form of damage has taken place. Some of the most valuable types of evidence are photographs and official reports written up by respected authorities. If you’ve talked to a law enforcement officer or seen a doctor about your injury, then you should try and get a written report from them that can go in your package. If you’ve already spent money on treatments or repairs, then you should also include receipts for anything that has come out of your own pockets. Insurance companies don’t want to pay for anything that they don’t absolutely need to, so show them what they absolutely need to pay for.

What is a Settlement Contract

Creating a compelling settlement package takes planning.

Being proactive about documenting any damage or injury that occurs is crucial if you want to receive proper compensation. Even if you’ve put off documenting your injury, you should still start taking photos immediately so you can salvage whatever you can. Gather together all the existing paperwork you can and try and document the damage in picture and video form if possible. You want your package to be a thorough as possible, but you should also be careful about stuffing it full of weak or irrelevant information. It’s easy to think that a bigger stack of paper will look more impressive, but be careful about watering down your case.

Lady Justice

Assistance from a legal professional will help you prepare the best settlement package possible.

In an attempt to save money some people have tried to prepare their own settlement package. This is understandable in situations where money is tight, and a trip to the lawyer seems daunting, but it is the wrong thing to do. Investing in the assistance of a legal professional can save you time and money. For starters, they can tell you whether or not you have enough evidence to realistically seek a settlement. They can also help you prepare your package, but if you do want to save money, then you should gather up relevant documents and photographs before visiting a lawyer. A good lawyer will know what should and should not go into a settlement package. If you want to make sure that you get the settlement that you’re owed, then you need a lawyer in your corner who can get you what you deserve.

Car Accident Settlement

The settlement package is the foundation of an insurance claim.

Creating a settlement package is one of the first steps you should take when making an insurance claim and everything that follows after will build on it. That’s why it’s worth taking the time to properly prepare a settlement package. You should also remember that it’s an early step in a process that can stretch on. The party you’re seeking a settlement from will have to look over your package, run it by their legal team, and submit their settlement offer. This process can go back and forth a few times before both sides come to an agreement or end up taking the issue to court.

This is another reason why hiring a lawyer is important; only an experienced lawyer can tell you whether or not the settlement you’re being offered is the sort that you’re owed. If you don’t have someone advising you it’s possible that you might accept a lowball offer or turn down a generous settlement. It takes expertise and time to get these things right, so get an experienced lawyer on your side.

Do you need help with a settlement package in the state of Oregon? Contact Ryan Hilts today.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *