The insurance company will likely make you an offer to settle your personal injury claim. However, you should never accept the first offer, and you should consult an attorney before you settle. Insurance companies often make low settlement offers to eliminate claims as quickly and cheaply as possible.
What Should I Do if I Get an Offer From the Insurance Company?
You should call a board-certified personal injury attorney like Mark Anderson to evaluate the offer. Your attorney can review all of your damages and make sure the insurance company’s offer will cover everything.
You should never accept an offer without first talking to an attorney. The insurance company does not have your best interests in mind. People who use an attorney typically get much more than those who do not. Even with lawyer fees, you will likely get more when working with a lawyer.
How Will My Attorney Evaluate a Settlement Offer
Your attorney will consider all of your past and future losses when evaluating how much your claim is worth. They will consider:
- Past and future medical expenses
- Lost wages
- Loss of earning potential
- Physical pain
- Mental anguish
- Physical limitations
- Property damage
Many elements must be evaluated when figuring out if the offer made by the insurance company is adequate.
Why Is the Insurance Company’s Offer Too Low?
Insurance companies rarely consider future costs when making a settlement offer. They will likely cover your property damage and medical bills to date. However, if you have been severely injured, you will have future medical costs to consider. You may need extensive physical therapy, alterations to your home so that you can complete activities of daily living and other future costs. Your attorney will consider everything and present a demand to the insurance company.
How Much Money Can Anderson Injury Lawyers Help Me Get for My Claim?
We have seen many situations where we can get 10 or 20 times the amount initially offered by the insurance company. We gather all of the evidence about your losses and consult with experts who will give their opinion. Then, we will demand that the insurance company consider everything.
We may have to file a lawsuit to show the insurance company that we are serious about getting a fair settlement offer. Often, after a personal injury lawsuit is filed, the insurance company will come back with an acceptable offer.
Call a Personal Injury Lawyer for Help
It can be hard to know how much your personal injury claim is worth. When you need money, the insurance company’s initial offer can be attractive. However, it is not likely to be a fair offer to take care of all of your needs. Talk to a lawyer who can adequately evaluate your claim.