Should You Accept a Truck Accident Injury Settlement Offer From an Insurance Company?
In the state of Georgia, if you have been injured in a truck accident, you need to file a claim with both your insurance company and the insurance company of the trucker that hit you. You will be made a settlement offer on your claim. Whether you should accept that offer or not depends on a number of different factors. Chances are, if it is the first offer you have received, it is probably not the best they can do.
Before You Agree To A Settlement Offer, Call Us!
Trying to negotiate with an insurance adjuster can become a stressful situation, especially if the adjuster is pushing you toward settlement. Do not let them push you around. Remember, if they paid out on every claim, even if the other party is completely at fault, they would go broke and out of business. They are going to do all they can to fight your claim and offer you less than you deserve.
Here at Prieto, Marigliano, Holbert & Prieto, LLC, we are well aware of the tricks and turns an insurance company will try to pull to avoid having to pay out on a legitimate claim. If they are ready for a fight, then we will fight them right back to get you the best settlement possible and help ease the pain of dealing with medical issues and vehicle repairs.
The Hidden Costs Of Your Injury
The first offer an insurance company makes to settle may seem appealing at first. That is exactly what they want you to think. They want you to forget about the fact that the effects of personal injuries can last months, perhaps even years. In addition to the physical pain, you also have to deal with costs involved with physical therapy and medication, including travel costs.
And, in addition to the costs associated with your treatment, you may lose income as well for the period in which you are recovering and cannot work. When you take all of these factors into consideration, it becomes clear why you should be very careful before you accept a settlement offer. You must weigh all of your current costs, and take into account all of your future costs, before agreeing to anything with an insurance company.
Knowing The Legal Process
Insurance companies have the advantage in this situation because they process several hundred claims a year. They know just what to say and how to say it to speed up the process.
Some companies will even tell you that there is no need to involve a lawyer, that you can just settle right now and be done with it. But again, without legal representation, it is more difficult to determine whether the deal you are being handed is a good one.
The insurance adjuster may even sound like he or she is concerned about you — do not buy it! Hiring a personal injury lawyer gives you an edge over them because a lawyer knows the game the adjusters play and gives it right back to them.
When To Accept A Settlement
The rule of thumb when considering an offer is to wait six months before accepting it. Why six months? Because this gives you enough time to fully determine the extent of your injuries, and who you will need to see – and how often – in order to treat your condition.
After six months, you can better gauge the type of treatments and medications you will need. Plus, your doctor can give you a better idea after six months which of your injuries may be permanent. If you accept a settlement offer before six months have passed, you may not even be scratching the surface of the kind of funding you are going to need to cover all of your costs.
However, if waiting is more detrimental to you than taking an offer now, then it may be in your best interest to accept the insurance company’s offer. If your bills are mounting, and you are accruing interest on those bills, then it may be smarter to accept a smaller payout now, rather than waiting for a bigger one down the line.
A lawyer can review your case and help you decide which path is the best to take. You should not sign anything until you have spoken with a lawyer first. Once you sign, then that is the deal you agree to – whether it benefits you in the long-term or not.
Give our law firm a call at (855)-329-7144, or fill out our contact form (to the right), to speak with one of our experienced legal professionals. We offer a free consultation with no obligation to retain, and we are eager to get to work on your case. Call today, and let our truck accident lawyers help you fight!