Offered A Settlement? Know What To Do
After a car accident that was not your fault, you may be offered a settlement. The offer will come from the other driver's insurer once they have established that their client was to blame for the accident. Victims must understand what is happening when a settlement offer comes to them and how to handle it. Read on and be prepared to make the right moves.
Understanding Insurer Motivation
First, insurance companies are in the business of making money. They will often try to lowball victims with settlement offers that are not fair or full compensation for their injuries. Many times, victims are still reeling from the accident and healing from the injuries when an accident settlement offer arrives. An attorney can help you negotiate a fair settlement that covers all your damages.
Second, insurance companies are experts in the law. They know how to use the law to their advantage. An attorney can help you understand your legal rights and protect them.
Third, insurance companies are not your friend. They are not looking out for your best interests. Only your own attorney can advocate for you and make sure that you get the compensation you deserve.
Count on Your Own Attorney
Here are some of the things that an attorney can do to help you handle a settlement offer from an insurance company. They can:
- Review the offer and explain it to you. Many settlement offers are filled with complex and difficult-to-understand legal terms.
- Negotiate with the insurance company on your behalf. Personal injury lawyers are experienced in dealing with insurers and know how to get you the best settlement possible.
- Advise you on whether to accept or reject the offer.
- File a lawsuit if the insurance company does not make a fair offer.
Here are some additional tips for handling a settlement offer from an insurance company:
- Do not accept the first offer. Insurance companies often make lowball offers in the hopes that you will accept them without question.
- Get everything in writing. Make sure that the settlement offer is in writing and that it includes all the terms of the agreement.
- Have an attorney review the offer. An attorney can help you make sure that the offer is fair and that you are not giving up any of your rights.
If you are not sure whether to accept a settlement offer, it is always best to speak with an attorney. An attorney can help you understand your legal rights and make the best decision for your case.
Reach out to a car wreck lawyer for more information.
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