3 Things You May Not Know about Financial Compensation

Accidents caused by someone else’s negligent actions can be physically and emotionally traumatic, but you shouldn’t have to also suffer financially. When a plaintiff files and wins a personal injury lawsuit after an accident, he or she can receive financial compensation to pay for medical bills, lost wages, and other damages. However, there are several important things to know about your financial compensation options when pursuing your case.

You shouldn’t have to suffer because of someone else’s negligent actions. At the Law Offices Tragos, Sartes & Tragos, P.L.L.C., a Clearwater accident attorney from our dedicated legal team can help you fight for the financial compensation you need. If you have been hurt in a personal injury accident, contact us today at 727-441-9030 and schedule a consultation to discuss your legal options.

A Closer Look at Financial Compensation

It is important that you understand the details of how financial compensation payments work so that you can get the best results for your case. Make sure you understand the following:

#1: You Can Get Compensation Even if the Plaintiff Can’t Afford to Pay

Many defendants believe that they can claim they can’t afford to pay the financial compensation you deserve, but there are options. In some cases, the court can use wage garnishment or even seize property to get you the financial compensation you deserve.

#2: There is a Lump Sum Payment Option

You can receive your financial compensation in a lump sum payment, meaning that the amount awarded for pain and suffering as well as future medical bills can be given to you in one large payment.

#3: Payments Can Come in Structured Settlements

Rather than lump sum payments, your other option is structured settlements where you can receive payments in monthly installments.

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If you have been hurt due to the negligent or careless behavior of another person or party, you may be eligible for financial compensation. To fight for the financial compensation you need, contact an injury attorney of the Law Offices of Tragos, Sartes & Tragos, P.L.L.C., today at 727-441-9030.

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