If you have been hurt in an accident caused by another party, the defendant’s insurance company may contact you to discuss your case. They might even offer you a settlement right away. At first, this might sound like a good deal. You have medical bills to pay and may not be able to return to work right away. However, it is not advisable to accept the insurance company’s first offer. Here are a few reasons why you shouldn’t.
The settlement offer is too low. Insurance companies care about their bottom line first. Even if it is obvious that the other party was at fault for your injuries, the insurance company may still try to offer you the lowest settlement. If you do not have a legal background, you might not realize that the initial offer is too low, but it almost always is.