Understanding Settlements And Release Agreements

Understanding Settlements And Release Agreements

Jed Dietrich, Esq., Known to be the Aggressive, Tenacious, and Hardworking Serious Injury Lawyer of Western New York, Aggressively Litigates Personal Injury Claims to Obtain the Highest Possible Results for Accident Victims Throughout New York State and Beyond.

Understanding Settlements And Release Agreements

Suppose you slip and fall in a grocery store and suffer minor bruises and no other damages. Following your incident, the store’s insurance company may offer a quick settlement to cover your hospital bills. In that case, if the severity of your injuries remains relatively minor, the compensation provided to you might be enough to cover your damages. But suppose you were the victim of a severe car accident involving comprehensive medical treatment, loss of a considerable amount of income, and unbearable pain due to your injuries. In that case, your settlement may not be so straightforward. When a victim’s losses are substantial, the stakes significantly increase for everyone involved. While you would like to be reasonably compensated for your damages, the defendant and their insurance company want to resolve your case for as little as possible. Consequently, the insurance adjusters may offer you a lowball settlement. Even though you are in dire need of money, accepting their initial settlement offer could be a huge mistake.

Obtaining adequate compensation is one of the essential factors in making a full recovery. In exchange for receiving payment of your settlement funds, you must sign a mutual or general release of liability. Unfortunately, the release you sign bars you from bringing further claims or seeking more money from the other party for the same accident. While you may have requested enough to cover your economic damages, such as lost wages and medical expenses, you might not have factored in your non-economic damages, like pain and suffering or loss of enjoyment and more. For example, you used to love skiing but cannot ski anymore due to your injuries. Alternatively, you could hire a top rated personal injury lawyer to represent your interests. Your attorney could then submit a counteroffer to the insurance company. The significance of retaining an expert personal injury attorney to negotiate your settlement cannot be stressed enough. Having the Dietrich Law Firm P.C.’s battle-tested attorneys fighting in your corner can make a massive difference in resolving your claim early for the compensation that you deserve.

Unlike most other law firms, the Dietrich Law Firm P.C.’s veteran lawyers will never insist on accepting a lower settlement than you deserve. If we cannot negotiate an amount that will make you whole again, we will not hesitate to fight your case in court. Our seasoned lawyers would be honored to speak with you about your potential case. We offer free, no-obligation lawsuit evaluations and consultations, meaning that you have nothing to lose by calling us. Our leading lawyers are available 24 hours a day, 7 days a week, at 716-839-3939 or by completing the online consultation form.

Never Settle Your Case While You Are Still Recovering

A settlement is a legally binding agreement between an injured victim and the negligent party. In the absence of fraud, settlement agreements are final and cannot be revoked. Consequently, once you accept a settlement and sign the release agreement, you will not be able to rescind it. You are paid a certain amount in exchange for the release, which should be sufficient to restore you to your pre-accident condition. Obtaining a reasonable settlement involves understanding the minimum amount that will make you whole again.

Calculating a reasonable settlement amount should cover all future losses, such as diminished earning capacity, anticipated medical treatments, and long-term care. Remember, once you sign the release, you cannot turn back and request more money. Even if your injuries are substantially worse than you initially believed, seeking additional compensation will be impossible. That is why it is imperative never to accept an insurance company’s settlement before recovering from your injuries or at least understand the scope of your injuries. All too often, the Dietrich Law Firm P.C.’s veteran lawyers encounter victims whose settlement checks do not cover necessary future medical treatments or other crucial losses.



The Dietrich Legal Team Can Help Negotiate Your Settlement The Dietrich Legal Team Can Help Negotiate Your Settlement

Whether you are worried that the insurance company is not taking your claim seriously enough or unsure you can obtain a fair settlement, the Dietrich Law Firm P.C.’s battle-tested litigators are here for you. You have nothing to lose by discussing your case with a highly qualified attorney.

Your case and your well-being are important to us, and our seasoned lawyers will do all we can to obtain the highest possible compensation for all of your losses. Our elite team will start by systematically investigating your accident to build the most robust possible case. Then, as a preliminary tactic, we could send a demand letter outlining our case. Once the insurance adjusters realize that you have retained a top rated law firm, they will be dismayed from partaking in unfair negotiations. Insurance companies will always consider your attorney’s reputation when determining how much your case is worth. Please call the Dietrich Law Firm P.C., now at 716-839-3939, so that we can help you!

Call the Dietrich Law Firm P.C. immediately at 716-839-3939 so that our aggressive, tenacious, and hardworking personal injury lawyers can fight to obtain the best result for your personal injury claim in Buffalo, New York. We are available 24 hours a day, 7 days a week, and there is never a fee until we WIN for you!

Client Reviews
I am a medical doctor and have worked with many of the best lawyers in Buffalo and I can say without question that Jed Dietrich is the only lawyer I would trust with my injury case in Buffalo New York. B.O.
Dogged, Determined, and Dead-set on getting you the Maximum settlement for your injuries! T.F.
No one will work harder, smarter or better; I have retained Jed and he obtained the best result for my case. D.P.
The definition of an "A" type personality-exactly who I would want to represent me in a serious personal injury case. E.S.
Jed is a Master in the courtroom without an equal. S.C.
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