What if the Insurance Company Offers a Settlement?

Following a crash, you may be consumed by doctor’s visits, physical therapy, and the inability to return to your regular job. You may be eager to settle your case to recover damages, hoping to turn your financial situation around. While it is understandable to be tempted to jump at the first offer, the first settlement offered by the insurance company is only a fraction of what your case is worth.

Before accepting anything, you should first speak with a Lexington car accident lawyer who can discuss your options.

Why You Should Not Accept an Offer Without Legal Advice

Insurance companies often rush to a settlement offer, taking advantage of accident victims when they are most desperate. They are only concerned about their bottom lines and will increase profits if they reduce the amount they pay on claims. The insurance company knows your vulnerability and will take full advantage of your situation by offering less than you deserve.

Too many people accept inadequate settlement offers when they do not have legal representation, not realizing what their claim is truly worth. You generally cannot request more money after receiving a settlement, so consulting a car accident lawyer before accepting anything is imperative to avoid this mistake.

What Does an Initial Settlement Offer Not Include?

Usually, an initial settlement offer does not consider future medical expenses and future lost earnings from your personal injury. Knowing the nature of these expected losses is challenging until you reach maximum medical improvement, or MMI. Determined by your treating physician, MMI is where you will no longer make any further meaningful recovery.

Once it is determined that you have reached MMI, our legal team can coordinate with your medical providers and other experts to estimate your future damages.

Aggressive and Compassionate Counsel Makes All the Difference

In a car accident case, damages are awarded to make the accident victim “whole” again. If you have serious injuries, these damages usually come in a combination of your no-fault PIP claim and a third-party claim against the liable driver.

You should never risk pursuing a car accident claim alone, even with your no-fault PIP provider. By not accepting an early settlement and retaining counsel, you send a message that you will not accept less than you deserve.

Our Lexington car accident attorneys at Wilt Injury Lawyers will handle insurance negotiations on your behalf. Our firm is adamant about pursuing the compensation that you deserve. If the insurance company is unwilling to budge, we are not afraid to take your case to court.

Speak with an Experienced Car Accident Lawyer Today

The severity of your injuries will be a key factor in determining how your claim moves forward and the amount of damages you recover. If you have recently been injured in a crash, do not hesitate to contact a Lexington car accident attorney to discuss the value of your case.