Should I Accept a Settlement Offer From the Insurance Company in My Car Accident Case?

Published: June 27, 2017

Should I Accept a Settlement Offer From the Insurance Company in My Car Accident Case?

Be Weary:

The Insurance Company adjusters are trained to minimize the payouts on any given claim. The less the insurance companies have to pay out, the more they have in their pockets. Often, insurance adjusters will try to settle claims with the individual before they are able to hire a lawyer for a fraction of what the claim may be worth.

Accepting a Settlement will prohibit you from collecting on any other future injuries arising from your claim.

Insurance companies will offer a settlement in exchange for a full and final release. What this means is that by settling your claim with the insurance company you will not be able to collect any additional expenses that arise in the future.

If you have not finished your medical treatment or are uncertain about the extent of your injuries and treatment plan, then accepting an early offer will not be in your best interest.

A common example would be an individual settling their claim and then they find out they need a surgery to get their injuries taken care of. This later surgery would not be covered and the individual would not be able to collect for these expenses.

It is wise to seek counsel when damages are high or the case is complex:

In minor accidents where the damages are small (under a couple hundred dollars) it could be worth your time to try to negotiate your own claim. Any claim where the damages are higher, it is worth considering getting an attorney to help represent your interests in the claim.

If you or someone you know has been injured because someone else was negligent or careless, know that the attorneys at Vanderpool Law Firm are here to work for you and to help maximize any compensation you may be entitled to. Call a personal injury lawyer at Vanderpool Law Firm, today to set up a free consultation. Let us help make this difficult time a little easier.

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