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Bagen Law Blog

Should I Give the Insurance Company a Recorded Statement?

Posted by Steven A. Bagen

Dec 31, 2013 10:30:00 AM

After being involved in a car accident, you have a lot running through your mind. You barely make it home from the emergency room or from a visit to your doctor and you have insurance representatives calling you or coming to your home, asking for a recorded statement. Even though the individual might seem polite, he or she keeps pressuring you for a statement. Now, you face the decision of what you should do. Many worry about losing their insurance or forfeiting their claim if they aren’t cooperative.

So, what should you do in this situation?

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Topics: Personal Injury Law, Insurance Company, Compensation

Do I Pay Taxes on Money I Receive From a Personal Injury?

Posted by Steven A. Bagen

Dec 30, 2013 11:30:00 AM

When you are trying to recover from an injury, the last thing you probably want to focus on or even consider is that of taxes. If you are receiving money from the insurance company as a result of your accident, you might not have another choice but to think about whether you are going to be responsible for paying taxes on the payout you receive. Depending on the type of insurance policy you are dealing with and the type of settlement you are going to receive, some of the money received might be subject to taxes.

To find out more information about your payout, you can speak with a Gainesville personal injury attorney to discuss your case further. Steven A. Bagen Law Firm has offices in Gainesville and Ocala, Florida, serving all of the surrounding areas. Beyond being able to provide you with information about the settlement itself, your attorney will make sure that you receive everything you are entitled to receive and not shorted out of money due to the insurance company taking advantage of you. Recovering from an accident is difficult enough; you shouldn’t have to worry about whether you are going to be jilted by the insurance company along the way.

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Topics: Personal Injury, Compensation