Should I Accept An Insurance Settlement?
If you have suffered a serious injury in an accident, the insurance company of the at-fault party may try to settle your case quickly — typically within the first few days. While this offer may sound good if you are unable to work and have no money coming in, accepting it can be a costly mistake.
At Duffield, Lovejoy & Boggs, Attorneys at Law, we understand how tempting it may be to simply take the first settlement offer from an insurance company, but that doesn’t mean you should do it. In fact, there are several reasons why it is a good idea to speak with one of our attorneys before making a decision you may regret later.
Why You Shouldn’t Accept A Quick Settlement Offer
In exchange for accepting a settlement, the insurance company will ask you to sign a release against any and all claims against the at-fault party and the insurance company. The insurance company’s goal is to get you to sign that release.
Signing a release will have lasting effects. Once you sign it, your case is over. You will not be able to go back and start over if your injuries turn out to be more serious than you first thought. For this reason, our lawyers would never seek to settle your case until you have recovered completely or reached maximum medical improvement. Only then will we know how much compensation you deserve.
Insurance companies sometimes make lowball offers to injured people in hopes that they can resolve a case cheaply. By accepting that offer, you could end up with far less money than you need and deserve. This is why it is often best to have a lawyer in your corner when dealing with insurance companies.
Contact Us Today For A Free Consultation
If you have been injured in an accident, our experienced attorneys can help you obtain full and fair compensation for all of your losses. Let us deal with the insurance company so you can focus on getting better.
While our office is located in Huntington, we help clients throughout West Virginia, eastern Kentucky and southern Ohio. Contact us today and schedule your FREE consultation. You can reach us online or by calling us any time, day or night at 304-247-9396, or toll free at 877-262-3376.