Filing a claim after an accident in Oklahoma has one express purpose: reaching a settlement that covers your “damages.” However, as most injury victims will tell you, it can be difficult to know where your injuries end and healing begins. So when you accept a settlement, you have to make sure it covers everything you need. For help in this situation, contact Ylla Gosney, Attorneys at Law today for a free consultation.
What’s in a Settlement Agreement?
For as long as the claims process can be after an accident, it can also wrap up fairly quickly–at least when it comes to the settlement. Your case can actually settle at any point in the process, but typically happens after you make a demand to the insurance company or file a lawsuit and reach the end of the discovery process or mediation. There’s two key steps:- There’s a settlement offer
- You accept it
- Amount you’ll be paid
- When and how you’ll be paid (usually via check)
- A liability release, where you agree not to file any more claims against the at-fault party based on the accident
- Confidentiality clauses, where the terms of the settlement remain confidential