If you’ve been injured in Indiana, deciding when to settle your case is a critical step that can impact your financial future. While it might be tempting to resolve the matter quickly, settling too early could leave you without enough compensation to cover ongoing medical expenses or other damages. It’s generally best to wait until you’ve reached Maximum Medical Improvement (MMI), which allows for an accurate assessment of your total medical costs, potential future treatment, and any permanent injuries. Settling prematurely not only risks leaving money on the table but also waives your right to seek additional compensation if your condition worsens.
A fair injury settlement should account for medical expenses, lost wages, pain and suffering, and diminished earning capacity. Insurance companies may try to pressure victims into accepting lowball offers early on, often undervaluing claims or disputing medical costs. To protect your rights, seek prompt medical attention, follow your treatment plan, and maintain thorough records. Consulting an experienced Indiana injury attorney can help ensure you’re adequately compensated while avoiding common pitfalls.