In anticipation of an injury settlement offer regarding a slip and fall injury within a grocery store, I am interested in the ramifications of accepting a settlement. The insurance company will be reimbursed upon settlement for expenses they have paid to date. My concern is will they pay any further claims related to this injury once we have accepted a settlement from the grocers insurance company. The injured party has already had a procedure done on her lower back which has given her significant relief. However, it still flares up on occasion and we feel it is not a question of if she will need further medical intervention, but when. Any advice from those that are in the know about such things will be greatly appreciated. Thank you!
2006-08-03 07:07:54 · 7 answers · asked by nice guy 2 in Health ➔ General Health Care ➔ Injuries
We have an attorney. He is encouraging us to settle - but that is in his best interest. I don't believe I should fully trust the advice of someone who has a financial interest and therefore motive for being less than honest.
2006-08-03 07:42:10 · update #1
If you settle with the insurance company you are telling them that you wish to pursue nothing further. If the party is not better I would definitely not sign a release.
2006-08-03 10:42:36 · answer #1 · answered by college@44 3 · 0⤊ 0⤋
It is called a settlement because that is what it is . . . settled! Once you accept, you cannot claim anything against that company for reimbursement. Do not settle on this claim if the doctor feels there is still a long healing process. . .if the doctor feels that nothing else can be done and your have to live with it flairing up every once in a while, settle and put the money aside should something arise . . never settle with an insurance company without speaking to an attorney first to make sure you are getting fairly treated
2006-08-03 07:14:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is best to never take a settlement because after you settle usually that is it and no more coverage for treatment,this is a tricky situation because the settlement amount looks good but I would not sign any thing that would say that this is to totally settle.
2006-08-03 07:14:50 · answer #3 · answered by pycosal 5 · 0⤊ 0⤋
Periodic payments or structured settlements were endorsed in order to protect the large sums of money that a claimant receives through legal settlements and that he/she may spend rather quickly. Typically there are three kinds of structured settlements- personal injury cases, wrongful death cases and workers’ compensation claims. Lets go through each of them:- Structured Settlement has proved advantageous to many people who have been injured during accidents for no fault of theirs. It gives the claimants the freedom to use their compensation amount in a more organized manner.
2016-03-26 21:49:30 · answer #4 · answered by ? 4 · 0⤊ 0⤋
When you sign the release to get your settlement, you're usually signing away any rights for further financial relief.
2006-08-03 07:12:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Dont sign/settle anything until you are healed, or, as healed as you will ever ever get.
2006-08-03 07:10:55 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Have her call her lawyer. I hope that wouldn't be you.
2006-08-03 07:13:18 · answer #7 · answered by sovereign_carrie 5 · 0⤊ 0⤋