If you are questioning whether or not you should accept your car accident settlement offer from your insurance company, this article has been written for you.  At the outset, it is important to understand that insurance companies do not have your best interests at heart.  In fact, insurance companies play an integral role in protecting their insureds (the individual(s) or entity that they are contractually obligated to protect).

What your insurance company doesn’t want you to know…

Often times it is the insurance companies’ number one goal to secure a release from the person(s) that have been injured as a result of their insured’s negligence.  So how does an insurance company obtain one from an injured party?  The answer to that question is simple, they offer money in the form of compensation for the damages caused by their insured.  Their goal is to obtain the release as quickly as possible for as little money as possible.  They usually do this by offering a nominal car accident settlement to close the claim quickly after the accident before the injured party has a fair opportunity to fully calculate their damages.

Be wary of a quick car accident settlement offer

I often hear my clients issue praise to their insurance company for “fast” delivery of payout… truth be told, this is not a tactic to delivering superior customer service. Often times, an insurance adjuster will offer anywhere between $500.00 and $1,000.00 immediately after an accident to quickly settle a bodily injury claim.  The problem with that transaction is that the injured party does not have enough time to fully evaluate their injury claim.  Many people do not know the full nature and extent of their injuries as the result of an accident until months or even years later, such as:

  • It can take time to receive an accurate medical diagnosis. For example, it can take anywhere from three to eight months to obtain a surgical recommendation for spinal fusion surgery, since most physicians would like to exhaust every other possible option before making that particular recommendation, as it is a very complex and risky procedure.
  • Certain injuries take time to fully develop, which can ultimately cost you THOUSANDS of dollars, out of your own pocket down the road.

The moral of the story is to always consult with an experienced attorney before even considering an offer being presented by an insurance adjuster. Accepting a nominal offer could literally be a decision that you regret for the rest of your life.

Related: Don’t Settle Your Case Early

Our attorneys at the Injury Firm will fight for the settlement you are entitled to. Our experience and dedication to our clients is reflected in our promise to work for you on contingency… meaning you don’t pay us a dime unless we win.

If you have been injured and are in need of a personal injury attorney, please contact the Injury Firm for a free consultation.


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