After suffering a life-altering injury, you might find yourself in a seemingly endless cycle of hospital visits and insurance calls. You want the cycle to end quickly so you can move on with your life, so you may even accept the insurance company’s initial settlement offer so you can have one less thing to worry about.
It can be risky to trust that an insurer will provide fair compensation right out of the gate, though. When you understand that there is a possibility you might receive less than you deserve, you can make the best decision regarding how to interact with insurance companies after an injury.
The initial settlement offer might be unfair
Insurance companies ultimately exist to make money, so agents often have little interest in offering hefty compensation for the sake of being generous. Your insurer may even offer you a lowball settlement and urge you to accept it before professionals can fully evaluate the extent of the damages. It is important to understand the terms of your insurance policy so you can identify a situation when an insurer is attempting to take advantage of you.
You can pursue a fair settlement
Your physician and your legal team can help you understand the financial extent of your sustained damages and the value of your personal injury claim. If you receive a settlement offer that is noticeably less than you deserve, you have the right to pursue legal action and take the matter to court if necessary.
Accepting a settlement offer after receiving an injury can be risky if you do not consult with an expert on the matter first. The compensation you receive can impact your ability to afford necessary treatment, so it is important to pursue the settlement you deserve.