After an auto injury, you may be dealing with large medical bills and forced time off work while you recover. If another driver was at fault, you may be able to receive compensation to help you cover health care costs, lost income, property damage and more by filing a claim with his or her insurance company.
Unfortunately, insurance agents sometimes try to save their company money by offering to pay a fast settlement upfront. Before accepting an offer, it is important to consider whether the amount will truly be enough for you and your family.
A quick offer may mean your case is worth more
Insurance companies are businesses. Generally, providers do not want to offer more than they must pay, regardless of the severity of an injury. If an agent offers to pay a lump sum settlement quickly, it may be a sign that the company knows that the law may entitle you to much more.
You may not know how severe your injuries are until later
Whether you have experienced burns, broken bones, internal bleeding or damage to your spine or head, it may take weeks or even months for you to recover. Your doctor may not know the full extent of your injuries, or what types of treatment you will require, until long after the accident occurred.
If you accept a fast first settlement offer from an insurance company, you may not receive enough to cover your bills in the future. Before saying yes to a settlement amount, it may be a good idea to consider the full impact of the accident on your health, your career and your ability to continue caring for your family.