What If the Insurance Company Offers Me a Settlement?

Accepting the first settlement agreement would provide compensation in a timely manner. However, you may be able to secure more compensation if you let a lawyer negotiate for you or file a lawsuit. 

“After telling the insurance company about my car accident, they offered me a settlement. What should I do?” If you find yourself asking this question, it’s important that you speak to a personal injury lawyer. 

Once you accept the adjuster’s offer, you can’t go back and negotiate the amount. The proposed insurance settlement may not adequately represent the extent of your losses. You don’t want to figure this out when it’s too late, so discuss the process of seeking personal injury compensation with an experienced attorney. 

Lawyers often handle claim negotiations on behalf of their clients. Consulting a legal professional may prompt the insurer to amend its offer, although outcomes vary for each case. It’s possible that legal counsel may be able to negotiate a larger payout for your injuries. 

Why Legal Representation Matters in Accident Cases

“The insurance company offered me a settlement. Should I take it or not?”

At Ostroff Godshall Injury and Accident Lawyers, many clients come to us asking this exact question. We advise speaking to us before accepting any insurance settlement because:

• Insurance providers usually make low-ball offers: Insurance companies tend to start with lower offers for their own financial benefit. Claimants who accept these offers don’t always realize that negotiations are possible. 
• Losses could continue to pile up: Perhaps you accept an insurance offer shortly after an accident, but the compensation doesn’t cover the ongoing medical treatment your injuries require. Negotiations take into account your long-term losses. 
• Claims could escalate into lawsuits: Some insurers aren’t willing to negotiate a settlement agreement, leaving you with the option to sue. Your lawyer can advocate for you throughout the litigation process. 

Don’t rush into accepting the first offer you receive. It may seem appealing at first, but when you consider all of your damages, it may be worth negotiating the adjuster’s offer. 

Instead of wondering, “What should I do if the insurance company offered me a settlement?” turn to Ostroff Godshall Injury and Accident Lawyers to discuss your options. Before accepting any settlement, it’s important to talk to us. Insurance companies often try to settle for less than what your case is worth. We’ll review the offer and ensure you’re getting a fair deal. We’ll review the details of your case and recommend a legal strategy backed by years of experience. Give us a call at (484) 351-0350 or connect with us online to schedule a consultation.