Should I Accept a Settlement Offer from the Insurance Company?

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Any time that a person is involved in a personal injury situation, such as in the aftermath of an automobile accident, there is a financial cost associated with it. The majority of the time, the injured individual will seek compensation through their insurance company, especially in Florida, which includes personal injury protection as part of a normal auto insurance policy. When you first make the claim to the insurance company in the case of a personal injury incident, they will offer you a settlement, which is a lump sum of money to end the case. Should you accept this settlement offer?

As a general rule of thumb, it is a very bad idea to accept the first settlement offer given by your insurance company. The insurance company’s goal is always to pay out as little as possible and therefore will low ball the costs of medical expenses that you have had to go through to treat the injury. This can easily be proven if you crunch the numbers on treatment costs that you’ve had to undergo and thus you will see that the difference could be fairly significant.

If you shouldn’t accept the settlement offer, then what is the best course of action? Every situation is unique, which is why it is always a good idea to consult with an attorney when going through a personal injury claim. A skilled and experienced attorney will be able to help you determine what is a better, counter settlement amount and, if need be, help build your case should you choose to take it to court. You never need to settle for less than what you deserve in a personal injury claim and having an attorney on your side will help you achieve that goal.

To learn about how we at the Franco Law Firm can help you through your personal injury claim and ensure victory for yourself, feel free to call us any time at (813) 872-0929 and we can schedule a free consultation to discuss your situation.