Compensation for motor vehicle accident and other accident victims comes in a single, ‘once and for all’ lump sum payment of money. It is therefore critical to know when the time is right to finalise claims.
If a claim is finished too early, the real risk is that the accident victim will be under-compensated because the longer term problems arising from the injuries are not yet know or can be predicted. Classic examples include osteoarthritis in damaged joints, avascular necrosis in the damaged bones, complex regional pain syndrome, and epilepsy after serious head injury.
The largest part of most compensation claims is future losses. It is therefore essential to take into account all the likely losses and needs created by the injuries before moving to a case closure. In other words, claims should not be finalised until the likely long-term prognoses for the injuries are known and any likely future deterioration and complications are taken into account.
We have such a wealth of experience at Stacks Goudkamp that we know when to wait, and when to strike, to ensure the best possible outcome.
If you have been injured in an accident, contact Stacks Goudkamp on 1800 45 8142 to speak to one of our compensation lawyers, or make an online enquiry for a free no obligation assessment of your claim.
Written by Tom Goudkamp.