Sun. Dec 10th, 2023

After being involved in a car accident, how do you know when it’s okay to accept payment from the insurance company? They’re likely offering you less than you deserve, so resist the temptation to accept their first offer. No matter what the circumstances are, being involved in a vehicle accident is always stressful. The same holds for both the person who was harmed in the accident and the one who was at fault for it. 

There has been an unfortunate occurrence in which the victim requires money to pay medical bills and any lost wages, but the individual responsible is facing a lawsuit in which they are very certain to lose their case. Because of this, both sides are usually anxious to reach a rapid agreement outside of the courts. When it comes to automobile accidents, an experienced Atlanta car accident lawyer can assist you in determining what kind of damages you may be able to recover in the case of a lawsuit.

Many of the attorneys in our firm are involved in car accidents and have been offered payment by the insurance company immediately after the event. This is an effort by the insurance company to convince customers that they must make a decision quickly if they do not want to lose out on the money. 

Especially when it comes to automobile accident victims, insurance companies have a reputation for offering lowball settlements that do not even cover a portion of their losses or expenses. Because it is their business to pay as little as possible, for-profit insurance companies will always attempt to pay as little as possible. Even if they try their hardest to convince you otherwise, they are not looking out for your best interests.

When A Settlement Offer Is Too Low

So, how can you judge whether a proposal is too low to be considered acceptable? Keeping this in mind, always assume that the first settlement offer you get will be severely underestimated. Insurance companies never offer more than they are willing to pay, and this is a given. Before accepting a settlement offer, consult with an attorney to determine the potential value of your claim. The following are some factors to bear in mind while planning your trip:

  • Please explain the nature and degree of the damage to your automobile (s).
  • Throughout your life, how much money have you spent on medical expenses? (Be sure to include projected future treatment, rehabilitation, and expenses as well.)
  • What type of scars or deformities did you have to deal with?
  • You’ve sustained an injury, but you’re experiencing long-term agony as a result of it.
  • How much time have you squandered thus far?
  • Is it likely that you will be able to return to your previous position in the same capacity as before?
  • Is there anything that comes to mind that you’ve had to spend more money on because of your accident?

It is feasible to begin by making use of the information provided herein to have a better grasp of how much the accident has cost you in terms of financial compensation. In conjunction with the assistance of a personal injury attorney from a Law Firm, you will be able to negotiate a fair settlement with your insurance provider. It is recommended that you contact them as soon as possible if you are worried about missing out on a settlement. This will allow them to begin working on your case immediately.

By Manali