Being in an accident can be a disorienting experience, especially if you have sustained a serious injury that requires medical attention. Coping with the physical pain and trauma of the injury may be your first concern, but as you begin to heal, worries about medical bills might be running a close second. It is understandable that many people just want to put the accident behind them, but hastily accepting a settlement offer from an insurance company can be detrimental to your long-term interests.
The insurance companies responsible for pay-outs in personal injury liability cases have one main goal — to protect their bottom line. One way to do this is to contact the injured party right after the accident to offer a deal. If the accident victim does not accept right away, the insurance agent may roll out some scare tactics. Beware of the following misleading arguments:
The amount offered is the standard compensation for your type of injury
Hiring a lawyer and bringing a personal injury lawsuit is a long, expensive process
Injured parties seldom win personal injury lawsuits in court
If you go to court, the insurance company will deny negligence on the part of their client
Before accepting a settlement, you should speak with an experienced personal injury lawyer about your legal rights and options. If the other party was negligent, they may be liable for immediate medical expenses, as well as medical care or therapy you may need in the future. Fair compensation for your injury cannot be determined until you understand the full, long-term consequences of the accident.
Posted in Personal Injury | Tagged compensation, injury settlement, insurance pay out