Creative Strategies To Help With Your Challenging Legal Matter

Avoid a quick settlement of your car accident claim

On Behalf of | Apr 4, 2023 | Auto Accident Injuries

You may receive an offer from an insurer to settle your claim soon after an accident. While it may be tempting to accept a quick settlement, it’s important to take the time to fully evaluate the situation before making a decision.

First, it’s important to remember that insurance companies are businesses motivated by profit. They will often try to settle claims in a way that benefits them. It means the initial settlement offer may not always be fair or reflective of what you deserve. Here are other reasons to avoid a quick settlement offer for your car accident claim.

You may not have a complete picture of your injuries

Not all injuries suffered in a car accident are apparent immediately. You may have internal injuries that can take days, weeks or even months for symptoms to manifest. If you accept a settlement offer that does not cover future medical expenses or other damages, you may have to meet such expenses out-of-pocket.

It may be impossible to reopen your claim

Accepting a settlement offer is akin to closing your claim since you essentially waive your right to pursue any further compensation related to the accident. If you discover additional damages or injuries later, you may not be able to seek compensation for them if you have already accepted a settlement.

Understand your legal rights

You do not have to accept a settlement offer from an insurer if you think it does not reflect the harm or loss you suffered. You can respond with a counteroffer of what you think is a fair settlement package. It’s how settlement negotiations in car accident claims work.

Learning more about the claims process, your rights as the crash victim and what you are entitled to will increase your chances of getting the compensation you deserve.