If an insurance company offers you a settlement after a personal injury accident, it’s crucial to proceed with caution before accepting the offer. Remember, the insurance company’s primary aim is to minimize their payouts. As a result, the initial settlement offer is typically lower than what you might be entitled to receive.
Here are some steps to follow:
Do Not Accept Immediately: Resist the urge to accept the first offer, especially if you have not fully recovered or do not yet know the total extent of your injuries and related expenses.
Consult with an experienced Personal Injury Lawyer: Before accepting any settlement, it’s best to consult with a personal injury attorney. Our lawyers can help you review the offer, calculate the real value of your claim, and negotiate with the insurance company on your behalf.
Understand the Full Terms: Make sure you completely understand the terms of the settlement. Once you accept an offer, you generally cannot ask for more money later on, even if you discover additional injuries or costs related to the accident.
Negotiate: Based on the advice of your attorney, you may decide to negotiate for a higher settlement. Your attorney can handle these negotiations for you, armed with the evidence and arguments to justify a higher amount.
Remember, accepting a settlement is a major decision that can have long-term impacts on your financial health and overall recovery. Make sure you’re making an informed choice. Contact our Gilroy Personal Injury Law Office now for a free consultation with no strings attached. We will gladly review your case.