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SETTLEMENT OFFERED BY INSURANCE COMPANY, SHOULD I ACCEPT IT?

After an accident, your entire focus is on the healing process while the insurance company is hurriedly resolving your case. The hasty insurance adjuster will definitely contact you to take the details and your statement about the accident and extend a settlement offer. The question then becomes should I accept their settlement offer? Let’s find out:

 

WHAT TO DO ABOUT A SETTLEMENT OFFER?

Physical injuries and mental breakdowns are not the only things you suffer in an accident, there are financial problems too. Hospital bills can proliferate your stress. At this stage, the insurance company knows that you need funds to settle your money matters. That is how they take advantage of you. They use your financial needs to push you to accept a low settlement offer.

Don’t let the insurance companies fool you or underpay you. They’ll offer you a lowly amount without any hesitation which clearly means they’re trying to save their money. If you reject their settlement offer they will definitely try to pressure you to accept it which is plainly not fair. This is where a personal injury legal advisor comes in.

 

YOU MUST UNDERSTAND THE VALUE OF YOUR CASE

Insurance companies use standards to determine how much to pay in accident cases. Many of the large insurance companies use software programs to calculate what accident claims are worth. You may not receive full monetary recovery caused by the accident from such calculations. That is why you must understand the value of your case or the settlement adjuster will push you into settling on their terms.

If an injury has disabled you in any way, you might also be owed money for losing the quality of life that you used to enjoy or other similar damages. To understand your case, you must take accurate measures and look at all factors. This includes current and future medical care, lost wages, and other expenses. An experienced attorney can help you evaluate your case. Your attorney can help you negotiate with the insurance company. Do not end up taking any low-ball offers.

 

WHY YOU NEED AN INSURANCE SETTLEMENT CONSULTANT?

The people from the insurance company can confuse you or make you think that the accident was partially caused by your carelessness. They will try to manipulate you and make you think that you’re obligated to provide them access to your medical records. This situation can be very difficult for an individual to deal with without the help of an experienced attorney.  Your attorney will be able to effectively handle all dealings with the insurance company to ensure these avoidable mistakes are not made. Rather you are in a car accident, motorcycle accident, industrial accident or a burn injury, you need legal council.

Before taking any step forward make sure to consult an experienced and qualified attorney, like the Walker Law Firm. It will actually be very helpful for you to consult with an attorney before you talk to the insurance company. Even before you’re done with your treatment, the insurance company will be at your doorstep, trying to hand you a settlement check for your claim. Your first instinct will be to take the check since you’ll be up to your ears in all kinds of bills.  Don’t make a sudden decision and accept a settlement that doesn’t fairly compensate you for your damages. You need to fully understand your rights and get the compensation to which you are justly entitled.

18-Wheeler Accident Should I Accept An Insurance Settlement?