If an individual tragically suffers a serious injury in a car crash, workplace incident, or any other accident, there’s a good chance their insurance company or the insurance company of the at-fault party will attempt to settle the case quickly and out of court. There might even be an offer within 24 hours. While it can be tempting to accept the offer, especially with medical expenses skyrocketing, they should know that accepting an insurance company’s first offer could be a big mistake. The insurance adjuster may seem kind, but insurance companies have one goal – making money. The last thing they want to do is pay a large settlement. Most settlement offers are lowballs, hoping they can resolve the claim as cheaply as possible. If the individual accepts the settlement offer, the case is officially closed. They won’t be able to go back and file another claim or go to court, even if the injuries turn out to be more severe than originally thought. If a victim has been offered a settlement, they should never accept until they’ve sat down for a free consultation with a trusted personal injury lawyer.
Should I Give a Recorded Statement to the Insurance Company?
Insurance companies will often ask for an official statement, in regards to what happened in the events surrounding an accident. This recorded statement could easily be used against the victim later. This is a scenario in which a victim should have legal counsel with them. If they give any official statement to the newspaper, they’ll want to have gone over it with a personal injury attorney first. Unfortunately, because the insurance companies don’t waste any time, the statement requested will also come when the victim is in the hospital or being treated for their injuries and unprepared to give a statement. A personal injury lawyer will be by their side the whole time, ensuring they don’t say something that jeopardizes their claim.
How Much Could My Claim be Worth?
The insurance company’s settlement is likely to be for far less than a victim’s claim could be worth if they go after compensation with the help of an experienced personal injury attorney. When it comes to figuring out the actual monetary value of the claim, there is an endless number of factors that will be considered. Some of the factors that will influence the claim’s value are the extent of the injuries, the number of medical bills and accident-related expenses, and the pain and suffering involved. It takes experience to really know what a claim is worth and to seek the full amount. A trusted personal injury lawyer will have developed the insight and perseverance necessary to value and win cases.
How Long Will it Take for Me to Receive Compensation?
Injury lawsuits take time, but so does the basic insurance process. The complexity of the case and the faulty party’s willingness, or lack of, to reach a settlement everyone agrees on can all affect the timeline. It could take anywhere from a few weeks to several years. Drawing from years of experience, Rundlett Law Firm, PLLC will work hard to expedite the process and avoid delays. Call Rundlett Law Firm, PLLC today at 601-353-8504 for a zero cost one on one meeting today.