If you have been involved in an auto accident, you can manage injuries or a damaged car, making it difficult to determine how to get reasonable compensation. There are two main options: File a claim with the insurance company of the driver who caused the accident or take the driver to court. Although the process of filing a claim seems quite simple, dealing with insurance firms turns complex and exasperating.
Perhaps the worst thing a victim of an accident could do is to agree to the first settlement amount offered by the insurance company. Let me explain why that’s not all that wise and what you should do instead. To know more, click here:
Why You Should Think Twice Before Accepting
Insurance companies will attempt to pay out the least sum possible regarding compensation for a claimant. The initial offer they make may look reasonable, but it rarely covers all your needs, especially if:
- Your Medical Care Isn’t Finished: If your treatment extends for several months or years, you cannot tell the total extent of the losses you have incurred from your injuries.
- Injuries Take Time to Appear: Some injuries, like soft tissue injuries, may not be discernible in the first place but may deteriorate with time.
- Future Costs Aren’t Considered: Usually, the first offer does not include future medical bills and loss of earnings, among other expenses.
Accepting early may lead to inadequate cash to spend on other instances that result from the accident.
What Happens If You Decline?
This is where one fears going to court, thinking that turning down the first offer means they will never receive compensation again. Please don’t be very anxious; this is not always the case. Insurance companies want to settle cases, so rejecting their initial offer gives you room to:
- Negotiate: You can then come up with a reasonable amount as much as your own expenses are concerned.
- Get help from a Lawyer: An attorney can also wage a campaign for reasonable compensation on the client’s behalf.
Faltering does not seal an agreement; instead, it allows further bargaining.
What’s the Insurance Company’s Goal?
Remember that the insurance company of the driver at fault is out to ensure that they cut down on expenses as much as possible. They may try tactics like:
- It’s the best deal you’ll get.
- The offer won’t be available later.
They know you’re stressed about bills and want fast money. But their goal is to save money, not give you what you deserve.
Why a Lawyer Can Help
Hiring a lawyer may be costly, but most work on contingency fees. The lawyer can help you out in multiple methods, as follows:
- Gather Evidence: They will collect reports, medical records, and proof to strengthen your case.
- Negotiate: They will talk to the insurance company and push for a fair settlement.
- Go to Court: They’ll handle your case in court if needed.
With a lawyer, the insurance company takes your claim more seriously, often leading to better offers.
Don’t Rush to Accept
Taking the first offer and moving on is tempting, but rushing can cost you later. Instead:
- Take your time to think.
- Talk to a lawyer for advice.
- Understand all possible costs, both now and in the future.
Conclusion
Car accidents are hard to deal with, but quick settlements aren’t always fair. The first offer is often too low and might not cover all your needs.
You can get the compensation you deserve by waiting, negotiating, and getting a lawyer’s help. Don’t let the insurance company pressure you. Don’t hurry up and be very calm whenever you are making any decision.