When you’ve been injured in an accident, the aftermath can be overwhelming. Between doctors’ visits, missed work, and physical recovery, the last thing you want to deal with is negotiating with an insurance company. But if they come forward with a settlement offer, you may find yourself asking a very important question: should I take it? Continue reading and reach out to a seasoned New York City personal injury lawyer to learn whether you should accept an insurance company’s settlement offer. Here are some of the questions you may have:
Is the Insurance Company Really Looking Out for You?
It might feel like a relief when the insurance adjuster calls you and says they want to settle quickly. After all, it seems like they’re trying to make things right. But the reality is that insurance companies are businesses, and like any business, their primary goal is to limit expenses. That includes the money they pay out in claims. This means that the first offer you receive is often far less than what your case may truly be worth.
Sometimes, the offer comes in just days after your accident, before you’ve even had a chance to fully understand the extent of your injuries. You might not know yet how much your medical bills will add up to, or how long you’ll be out of work. Accepting a settlement too soon can leave you without the money you need down the line. And once you accept a settlement, you typically give up your right to pursue any additional compensation for that injury, even if new medical issues arise later.
Should I Talk to a Personal Injury Lawyer Before Accepting a Settlement?
Absolutely. Consulting with a personal injury attorney can help ensure that your rights are protected and that you understand the full scope of your legal options. A qualified attorney can evaluate your case, estimate the value of your claim, and help determine whether the settlement offer is fair based on your injuries, expenses, and future needs.
In many cases, injury victims receive significantly more compensation when they work with a lawyer, even after attorney fees are factored in. An attorney can also handle negotiations with the insurance company, which can be an enormous relief during an already stressful time. And importantly, a lawyer can help gather evidence, consult with medical experts, and make sure every aspect of your case is considered before any final decisions are made.
What Happens If I Reject the First Offer?
Rejecting an initial settlement offer doesn’t mean you’re headed straight for a courtroom. In fact, most personal injury cases settle out of court. By turning down an unfair offer and working with a lawyer, you’re opening the door to further negotiations. A counteroffer can be made, and with the right legal guidance, it’s possible to reach a settlement that better reflects the true value of your case.
However, if the insurance company refuses to budge, your attorney can advise whether it’s worth taking your case to trial. This decision should never be made lightly, but sometimes it’s the only way to pursue full and fair compensation.
Ultimately, if you’ve been offered a settlement, don’t rush to accept. Take a breath, consult a personal injury lawyer, and make sure you fully understand your options. Your future well-being could depend on it. If you have further questions or would like to speak with an attorney, contact The Law Office of Richard M. Kenny today.
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