When you’ve been injured due to someone else’s negligence, the last thing you need is the stress of dealing with an insurance company that isn’t offering you a fair settlement. Personal injury attorneys are experts in this field and can provide valuable insight on when to reject a lowball insurance offer.
Firstly, it’s important to understand what constitutes a ‘lowball’ offer. This term refers to an unreasonably low settlement proposal from an insurance company, often made in the hope that the injured party will accept quickly without realizing its inadequacy. It’s commonly used by insurers as they aim to minimize their payout and close claims swiftly.
Personal injury attorneys advise against accepting these offers for several reasons. One of them is that initial offers rarely cover all damages incurred because of the accident. These damages may include medical bills, lost wages, pain and suffering, property damage and other related expenses. If you accept a lowball offer right away, you might be left with significant out-of-pocket costs down the line.
Moreover, injuries sometimes have long-term consequences that aren’t immediately apparent at first glance. For instance, what appears initially as minor whiplash could later develop into chronic neck pain requiring ongoing treatment or even surgery. A seasoned personal injury attorney would consider potential future costs associated with your injuries when evaluating an insurer’s offer.
The timing of your claim also plays a crucial role in whether or not you should reject a lowball offer. Insurance companies tend to make quick offers soon after accidents occur when victims are still vulnerable and possibly desperate for compensation due to mounting bills or loss of income.
In such cases, one must remember that once accepted; it’s almost impossible to go back and ask for more money if complications arise later on regarding your injuries or if other unexpected expenses come up related to the accident.
Henceforth, legal experts recommend consulting with a personal injury attorney before accepting any insurance settlement offer following an accident caused by someone else’s negligence. These professionals have the expertise to accurately assess the value of your claim, considering all past, current, and future damages.
They can also negotiate with insurance companies on your behalf, ensuring that you get a fair settlement that adequately compensifies for your injuries and related expenses. If negotiations fail, they’re prepared to take the case to court to fight for what you deserve.
In conclusion, it’s essential not to rush into accepting an insurer’s initial offer following an accident. It might seem tempting at first glance but could leave you undercompensated in the long run. Always consult with a personal injury attorney who can guide you through this complex process and help ensure that you receive a fair settlement.
Munley Law
510 Third Ave 2nd Floor, Pittsburgh, PA 15219
14125345133