Established Excellence In The Practice Of Law

Should you accept the insurance company’s offer after an injury?

On Behalf of | Jun 12, 2022 | Personal Injury |

You’ve been injured in an accident. You’re not feeling well, you have bills to pay, and you can’t go to work. Now the insurance company is asking you to take a low payout. What should you do?

It can be challenging to decide when you’re under pressure from an insurance company. They may try to convince you that you don’t need a lawyer or that you should accept their first offer. 

It’s important to know your rights and what options are available to you.

Why does the insurance company offer such a low settlement?

It is important to remember that the insurance company’s goal is to make a profit, not to compensate you for your injuries fairly. 

When you are in an accident, the at-fault driver’s insurance company will likely reach out to you with an offer to settle your claim. The first offer is almost always too low. The insurance company will try to take advantage of the fact that you are probably unaware of the actual value of your case. 

It can be difficult to know whether or not an insurance company’s offer in a personal injury case is fair. However, there are some key things to look at that can give you a good idea. 

  • Look at the medical bills and other costs you have incurred due to the accident and your lost wages and future earning potential. 
  • You need to consider the pain and suffering you have endured and the impact your injuries have had on your life.
  • Consider any future impact the injuries may have on your life, especially if you have permanent injuries.

Once you have all this information, you may be able to negotiate for a higher amount, or you may decide to take your case to court. Experienced legal guidance is the best way to make sure you get what’s fair for your situation.