How Should You Respond to a Low Settlement Offer?Mississippi Legal News
After you’ve sustained serious injuries in an accident, you may be able to hold the negligent party accountable for their actions and obtain financial compensation. Often, a victim of an injury accident will be filing a claim with the other party’s insurance provider.
Insurance companies are well known for trying to pay victims little to nothing for their harm. Insurance companies do not want to have to pay victims for their damages and will do whatever they can to minimize how much they have to compensate victims. When a victim works with an attorney, they will have greater legal protections from lowball offers. An attorney is going to understand the fair value of a claim and will be fighting to ensure that their client is not treated unfairly.
What Should You Do if your Settlement is Too Low?
If you have not consulted with an attorney, there is the risk that you unknowingly may accept an offer that is far too low from an insurance adjuster. It is common that insurance adjusters will try to offer a settlement quickly to close the case and reduce the amount that they will be on the hook for paying. Insurance companies know that if they can catch victims soon after their accident experience, they will be more vulnerable and likely to either give them information that can jeopardize their claim, or be willing to accept a low settlement offer.
It is very important that victims understand these tactics and their rights after an accident. It is always recommended to never speak to the insurance adjusters without the permission or presence of an attorney. If an insurance adjuster does call before a victim has the chance to connect with legal counsel, simply telling the adjuster that you will wait until you have spoken with your attorney before you discuss your accident experience with them is the right course of action. This alerts the insurance adjuster that you have an understanding of your rights and that you will not permit them to take advantage of you.
If you do plan on going forward with your claim without an attorney’s help, staying alert and wary of quick settlement offers can help you refrain from agreeing to an offer that is far too low for what your damages actually are. When a settlement is offered you do not have to accept it. You can decide to have your case evaluated by a personal injury attorney to get a greater understanding of what your claim is worth. Your attorney can then handle the communications and negotiations with the insurance adjuster so that you can focus on healing from your injuries and putting the pieces of your life back together.
Speak to a Jackson Personal Injury Attorney Today
Victims of injury accidents in Jackson can call the Jackson personal injury lawyer at Germany Law Firm, PLLC to have their claim managed proficiently. To schedule a free consultation, please call Bob Germany, a Jackson personal injury attorney at Germany Law Firm, PLLC today at (601) 487-0555.