In the aftermath of an accident the insurance company for you or for the other party has a strong motivation to settle the case as quickly as possible. Insurance companies are often dealing with many different claims at once and it is in their best interests to throw out a settlement amount early on in order to close the matter and move on to deal with other claims.
What You Should Know About Working with the Insurance Company
While it can be tempting to take this lump sum in the immediate aftermath of an accident, where you’re coping with challenges like costly medical bills, it can be a major mistake to sign on the dotted line without carefully considering your long term needs. If you’re hurt and you can’t work and are watching the medical bills add up, it’s very tempting to accept the low ball settlement offer by the insurance company. There’s a good chance that the insurance company may have even told you that you don’t need to hire a lawyer to protect your interests. However, this can be a major mistake and it could compromise your ability to receive a fair and full settlement value. Many people do not realize immediately after an accident just how much an accident can affect their lives.
They do not realize that they may be suffering for many years to come and this can present unique challenges and expensive medical treatments years down the road. You should never assume that a small lump sum settlement will allow you to get on with your life. As once you sign on the dotted line and accept this settlement, you cannot pursue a claim against this insurance company ever again. This is why the insurance company is so strongly motivated to move things in their favor by counting on your lack of understanding about the implications of your medical condition so that they can close out the matter and not have to worry about problems down the road. This can cost you significantly if you are several years out of the accident and still in need of expensive medical treatments.
It is worth your while to set up a meeting with a Philadelphia car accident attorney to discuss the full scope of your injuries and their implications for your life. Your medical records and your prognosis from your doctor can help you determine a fair and full settlement value worth fighting for. Your lawyer should also never be tempted to take a low ball settlement offer in order to close out the case. He or she should be committed to the best possible outcome for your individual needs. If you have questions about the process, set up a consultation with an experienced Philadelphia car accident lawyer today.
Washington & Washington represents people injured or who have passed away as a result of Car Accidents, Drunk Driving Accidents, Truck Accidents, Motorcycle Accidents, Pedestrian Accidents, Bicycle Accidents, Uber and Lyft Accidents, Tour Bus Accidents, Uninsured and Underinsured Drivers, Product Liability, Work Accidents, Production, Factory and Assembly Line Accidents, Meat and Poultry Plant Accidents, Slip, Trip and Fall Down Accidents, Building Construction Accidents, Boating Accidents, Hotel, Motel and residential pool drowning accidents, Medical Malpractice, Dog Bites, Sex Trafficking, Sexual Assaults, Cruise Ship Accidents, Nursing Home Neglect, Social Security Disability and Long Term Disability Claims, Personal Injury, in Pennsylvania, Florida, New Jersey, New York, D.C., and Minnesota.
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