Car Accident: Should You Accept a Car Accident Insurance Offer?

Should You Accept a Car Accident Insurance Offer?

In cases of accidents and injuries, it is not advised to accept the first compensation offer you receive from an insurance company without first getting specific legal advice. An insurance company gives offers based on their own interests, not yours, since insurance companies are businesses at heart. These companies strive to settle cases as quickly and inexpensively as possible - to the detriment of many claimants.

Often, the first settlement offer you receive from your insurance company is just that -- a first offer. How do you respond to this offer? Having a check in your hand quickly might seem beneficial, but accepting the first offer might leave you with uncovered losses, which you want to avoid.

If you want to receive full compensation, you should not accept the first offer from the insurance company before speaking with a Montgomery car accident lawyer. Considering your injuries, costs, and pain and suffering, you deserve a fair amount of compensation and we can fight for it.

It's Very Likely That Your First Offer Won't Be Your Last

Upon any car accident, the first settlement offer from an insurance company is just that - the first of perhaps many to come. The first offer is almost always a low one. The insurance company hopes you will accept the low offer, which saves the company time and money.

You always have the right to reject the offer. You also have the right to seek help from a legal professional who can provide advice that is tailored specifically to your situation and settlement. Consider the first offer from the insurance company as the beginning of negotiations, and never jump at the chance to accept an offer without the right assistance.

Know the Value of Your Claim

Many people undervalue their car accident losses, leading them to accept much less than they truly deserve. An experienced car accident attorney can accurately calculate all your losses, including:

• Past and future medical costs
• Past and future lost income
• Pain and suffering
• Permanent disabilities

Knowing the value of your claim helps to inform whether you should accept a specific settlement offer. 

Negotiating Personal Injury Settlements

An important aspect of personal injury settlements is negotiating with the other party's insurance company. Regardless of whether you have taken additional steps to file a personal injury lawsuit, it is crucial to remember that settlement negotiations are ongoing. Your case may ultimately result in an out-of-court settlement, and you want it to be a favorable one.

If you have been injured in such a case, it is vital that you retain a car accident lawyer to represent you and draft an organized demand letter as well as proper supporting documents. By doing this, the negotiation process can be reduced to maybe a few telephone calls with insurance claims adjusters. 

Contact an Experienced Montgomery Car Accident Attorney Today

If you suffer serious injuries in a Montgomery car accident and need medical treatment, always consult with a car accident attorney from Luck Law LLC. Contact us today for an initial consultation.