August 15, 2024
Avoid Rushing to a Settlement After a car accident, dealing with the aftermath can be overwhelming. Between managing your injuries, handling insurance claims , and navigating the legal process, it’s understandable that you might be tempted to quickly resolve the situation by accepting the first settlement offer from the insurance company. However, this initial offer is often far less than what you are entitled to, and accepting it could mean missing out on the full compensation you need to cover your expenses and losses. At Newman Injury Law, we advise our clients to carefully consider all aspects of their claim before accepting any settlement. Here’s why you should be cautious about taking that first offer. Insurance Companies Are Not on Your Side It’s important to remember that insurance companies are businesses with their own bottom line to protect. Their goal is to minimize payouts on claims, which means that the first settlement offer is typically much lower than what you might actually deserve. Insurance adjusters often hope that by offering a quick settlement, you will be eager to accept and close the case, especially if you are facing mounting medical bills and lost wages. However, this initial offer is rarely reflective of the true value of your claim.