Being involved in an accident and sustaining injuries, as a result of it is without a doubt something particularly challenging. However, you can most definitely soften the impact monetarily, by filing a compensation claim towards your insurance company. There are, nevertheless, things that you need to account for in terms of the reception of this payment. The company has the right to choose to pay you with a one-off transaction and provide you with a lump sum amount. This is a payment which could also include the amount for the things which are to happen in future, such as future expenses, pain and suffering and others of the kind.
What is the prognosis?
In order for the insurance company to pay off your injuries it needs to come up with a definitive prognosis of the way that your injuries are going to affect you for the future. This is what the prognosis is. It’s usually provided by experienced professionals as well as by doctors. You need to be aware of it in order to be sure that the settlement that you get with the insurance company is going to cover your future expenses.
However, you should keep in mind that if your injuries are particularly grave, doctors are unlikely to provide you with a final prognosis until 24 months have passed. Once you have this, you will be in proper position to go ahead and address your claim and potentially sue for the full amount of the compensation. A lot of the victims will have to file a lawsuit in order to get proper compensation. However, you should also take into account that only about 5% of the cases would usually go to trial while the majority of them get settled in advance.
How to proceed?
The first thing that you need to consider if you want to go ahead and file for your compensation is to hire an experienced personal injury lawyer. That is one of the reasons that you need to talk with a personal injury lawyer before filing for a claim. They understand all aspects of the case. Don’t worry, though, the majority of the law firms in Ontario are going to provide you with initial free legal consultations so that you can be well aware of what your chances of success are. This is definitely going to help you a lot. They will discuss and evaluate your case, judge the merits and ensure that
Personal injury law is complex and challenging and that’s why you want to entrust your claim to a lawyer with the necessary experience and expertise. Ideally, you’d be looking at a specialized law firm which has the capabilities of handling everything in the most convenient matter. This is going to ensure that you get the compensation that you are legally entitled to within the shortest possible amount of time. With this in mind, there’s nothing more important than this.