Should You Accept an Offer from an Insurance Company?

If someone else’s negligence leaves you injured in a car accident, a slip and fall accident, or any other kind of accident, accepting a settlement offer from the insurance company involved before you’ve assessed your total damages and consulted with an experienced personal injury attorney is never a good idea.

If you’ve been injured as a result of someone else’s negligence, you face a difficult path toward recovery, and obtaining the compensation to which you are entitled is likely critical to your success in this endeavor. If someone else has caused you to be injured, you’re going to be dealing with the insurance company involved, but accepting a settlement offer before you’ve consulted with an experienced personal injury attorney on the matter is not in the best interest of your case – or your recovery.

The Insurance Company

While it’s true that the insurance company is responsible for covering your injuries and is paid for doing so, this does not mean that collecting the compensation to which you are entitled is going to be a smooth process. Insurance companies are in the business of making money and they are skilled and dedicated in doing so. Several practices that insurance companies commonly employ toward the goal of increasing profits include the following:

Insurance companies will sometimes make speedy settlement offers before the claimant has adequate time to fully assess and consider the extent of his or her physical, financial, and emotional damages. Accepting such an offer can leave you with far too little compensation to address all your recovery needs.

Insurance companies will sometimes drag the claims process out so long – and/or make it so overly complicated or laborious – that claimants become frustrated and far more likely to simply give up altogether on ever successfully recovering on their damages. A well-placed offer at this point (regardless of how low) is far more likely to be accepted.

The fact is that once you sign off on a settlement offer, whether it covers your full array of damages or not, you have no additional recourse to obtain any compensation that you might have been entitled to in the first place.

Discuss Your Claim with an Experienced Personal Injury Attorney Today

If an insurance company offers you a settlement offer regarding a serious injury that was caused by someone else’s negligence, the dedicated personal injury lawyers at Spaulding Injury Law can help. Our legal team is committed to helping ensure that the offer adequately covers your full range of physical, financial, and emotional damages before we encourage you to accept any settlement offer. We’re on your side, so please don’t hesitate to contact us online or call us at (770) 744-0890 today.