Why You Should Consult a Lawyer Before Accepting an Insurance Company’s Settlement Offer
- posted: Jun. 13, 2022
If you’ve been in a car accident, you might be contacted by the other driver’s insurance company with an offer to settle. This could be tempting, especially if you need money fast to pay for your car repairs and medical bills stemming from the collision. However, it isn’t always the best decision to take the first offer, even though it might seem like the easiest route to get the money you are owed.
Insurance companies are businesses. Their main concern is remaining profitable, and this means that they will try to offer you the lowest amount possible, hoping that you will take it, to avoid paying you what you might truly be owed. After a car accident, the insurance company might even try to pressure you into accepting a low offer by claiming you are at fault for the accident or that you haven’t provided enough documentation to support your injuries.
An attorney with a track record of reaching successful decisions in personal injury cases can advocate for you and negotiate with the defendant’s insurance company in order to get you compensation. While you might be concerned that the first offer might be the last, it is usually just one of many. Turning it down does not prevent you from getting another offer. Your attorney can negotiate for a better offer with the insurance company that reflects the true value of your case.
Following the accident, having as much documentation as possible concerning the damages you sustained from the collision is ideal and allows your attorney to show exactly how much you are owed.
Even with all your documentation, an insurance company still might not offer you what you deserve. An insurance company does not have an obligation to reach a settlement agreement with you, so it is possible you might have to file a lawsuit to get proper compensation.
Located in Cleburne, Leland Reinhard Law Firm works with people throughout Texas who have been injured in accidents. To schedule a free consultation, call 817-645-5400 or contact the firm online.