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Chicago Attorney Adam J. Zayed Provides Insights on Settlement Refusal

Chicago Attorney Adam Zayed

Zayed Law Offices

CHICAGO, ILLINOIS, UNITED STATES, December 4, 2023 /EINPresswire.com/ -- After an accident, the prospect of recovering compensation for injuries and losses arises. While many cases find resolution through settlements rather than going to trial, it's pivotal to exercise discretion when evaluating an offer. If the insurance company proposes a settlement that doesn't meet the criteria of being fair and reasonable, it is advisable to decline.

"Refusing a settlement offer is not a decision to be taken lightly, especially when the proposed compensation falls short of covering comprehensive medical expenses and other consequential losses." said Chicago Attorney Adam J. Zayed. "Accepting an inadequate offer can lead to long-term financial struggles. Once accepted, the opportunity for additional compensation is foreclosed. It is essential to assess the true worth of the settlement in relation to the incurred damages.

Solo negotiation with insurance companies poses its own set of challenges. Driven by profit motives, insurers often employ tactics that may jeopardize a fair and equitable resolution. According to Zayed, "Insurance companies may deploy delaying tactics, misinformation, or outright denial of claims. Seeking professional legal representation levels the playing field and safeguards the rights of the injured party."

In the event negotiations fail and a settlement offer is refused, a trial is often the next step. However, the majority of personal injury attorneys operate on a contingency basis, ensuring clients only pay if they emerge victorious

Concerns regarding medical expenses post-refusal are addressed through leveraging health and auto insurance. Zayed adds, "Attorneys can issue a 'letter of credit,' deferring out-of-pocket expenses until a settlement or trial award is secured. Recommendations for medical professionals willing to work within these circumstances are part of the comprehensive support we provide."

Zayed notes, "These damages aim to address medical expenses, lost income, pain and suffering, and other tangible and intangible losses. While punitive damages are challenging to obtain, they serve as a punitive measure for gross negligence or intentional actions."

About Attorney Adam J. Zayed/Zayed Law Offices:

Adam J. Zayed, renowned for his expertise as a personal injury lawyer near the Chicago, IL area, brings extensive experience in advocating for clients in complex cases. His unwavering commitment to justice and comprehensive legal knowledge position him as a trusted ally for those navigating the aftermath of accidents.

Mark L. Goldman
Goldman McCormick PR, INC
+1 516-639-0988
email us here

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