Things to Know Before Accepting a Personal Injury Settlement
Have you been seriously injured in an accident? Are you filing a lawsuit to recover compensation for your damages? Before you accept a settlement offer for your case, you should consider the following things:
#1: Don’t Take the First Offer
Insurance adjusters generally start off negotiations by offering you a very low settlement amount. This is because they want to gauge if you understand how much your claim is really worth and to see if you are willing to pursue the amount you deserve. Remember that you can make a counteroffer for a more reasonable amount to show the adjuster you are taking the negotiations seriously.
#2: You Might Be Entitled to More Compensation
It is in the insurance company’s best interest to offer you as little compensation as possible when coming to you with a settlement. This is because their overall goal is to keep their costs down. Anticipate that their initial settlement offer is more than likely going to be low. Often, the offer won’t even include enough compensation to cover your medical bills, property damage, and lost wages. You should consult with a lawyer to determine how much your case is actually worth.
#3: A Lawyer Can Pursue all the Compensation You Deserve
Insurance companies will treat you with more respect when you have an experienced legal professional on your side. A seasoned personal injury attorney can provide you with expert assistance and negotiate your settlement from a position of strength to make sure the insurance company offers all of the compensation you are entitled to. Your attorney can also handle the entire negotiation process on your behalf, so you can focus on recovering from your injuries.