Settling with the insurance company quickly after your car accident may sound like a relief at first (finally, you can put the ordeal behind you!) but in reality, this hasty move is often a big mistake. It’s much better to hire a car accident lawyer, take your time with negotiations, and ultimately receive the best and fairest offer from the insurance company that can serve your immediate and future medical needs.
If you have been injured in an auto accident, you need money to pay your medical bills, fix your car, and support yourself and your family (especially if you are out of work for a while). That first amount offered by the insurance company may seem OK at first glance but when you have an experienced lawyer take a look at it, you will soon realize how inadequate it may actually be.
Here are a few important factors you should be aware of before accepting a quick settlement after a car accident.
Settling a Car Accident Claim as Quickly as Possible
Anyone can settle their car accident case quickly if they’re willing to take less money than they are entitled to. But why would you do that when you can hold out for more and actually be able to cover all your medical bills now and in the future? Rather than asking, “Can I settle my case fast?” you should be asking “How much money am I willing to give up for a quick settlement?”
You shouldn’t have to give up anything. Check out these reasons why certain car accident cases can take a long time to settle and why the potential outcome (AKA better compensation) is often worth the wait:
- Your case involves unresolved legal or factual issues, including questions about who was at fault.
- Your case involves a large sum of money, in which case insurance companies will do anything to avoid paying you the full amount of damages.
- You are still getting treated for your injuries, which means you don’t know the total costs of long-term medical treatment yet.
If you answered yes to any of the above circumstances, your claim will likely take much longer to settle. With the experience of a car accident lawyer on your side, this process can be made much smoother. Plus, you can be assured of the possibility of a much higher payout than if you had just taken the offer first thrown at you.
Accepting a “Short” Settlement
Many people are faced with a tough decision. They genuinely need the money right away and therefore feel like they have no choice but to accept a quick settlement. Not everyone can afford to wait. However, you may also realize your case may be worth more if you wait for a proper settlement or see the case through to trial. Sadly, there are no tried and true rules regarding short settlements. Sometimes, an insurance company offers 30 percent of what it would have offered at trial, but others may only offer five percent or even less.
The legal team at Kuzyk Law will work hard to get you the money you need as quickly as possible, but never at the expense of rushing through the case or pressuring you to accept something that isn’t fair. Additionally, we won’t settle without possessing a solid understanding of the full extent of your injuries, lost wages and property damage. We will provide you with all the options along with the probabilities of various outcomes that are dependent on specific actions.
Contact Kuzyk Law
If you’ve been injured in a car accident, it can certainly be tempting to take the first amount offered to you. After all, it’s a check you can cash and move on with your life. However, that amount is often times very unfair. If you take the time to partner with a car accident lawyer, we can make sure you get what you truly deserve. Call us for a free initial consultation at 661-945-6969 today.