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Be Wary of Early Insurance Settlement Offers

Be Wary of Early Insurance Settlement Offers

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Insurance claims for injuries often reach a settlement agreement before the matter ever makes it to court. However, insurance companies will try to pay the least amount possible. Always have a Huntsville personal injury lawyer review early offers before you accept. 

No matter what type of injury you sustained, insurance companies have tactics to stall, deny, or unfairly pay your claim. Since insurance companies don’t make as much money when they pay claimants fairly for their damages, it only makes sense that they would resort to such tactics. One of the newer tactics they use is to offer an early settlement. 

You expect to have to wait a long time to receive a settlement offer after filing your claim. As such, you’re relieved and pleasantly surprised when the insurance adjuster calls just a few days later telling you they have a great settlement offer for you. But is it such a great offer? It’s not likely. However, the only way to tell is to get the advice of an experienced Huntsville personal injury lawyer.

How Early Settlement Offers Work

The insurance claims adjuster reaches out quickly to the injury victim. Perhaps even on the same day of the accident, trying to persuade them that the insurance company cares about them. The adjuster makes a small cash payment offer. They say it is to cover all accident-caused medical bills through a limited time period or dollar amount. However, the deal is only good if the victim agrees right now. The claims adjuster sends a release form for the injured person to sign and lock them into the agreement quickly. They tell you that you don’t need a Huntsville personal injury attorney because they are taking good care of you.

While this might seem like an attractive offer if you really need the cash right away or don’t want to hassle with the insurance company, in the long run, it doesn’t fully or fairly compensate you for your injuries. 

What to Consider if You Receive an Early Settlement Offer

The insurance company cares more about their bottom line than you. Whenever possible, they will put their interests above yours and reduce or deny your claim.

You could be entitled to a lot more compensation than the adjuster offers. Your compensation should pay for all of your medical costs, not just expenses incurred within a randomly chosen time limit or dollar amount. You also deserve financial recovery for any lost income and pain and suffering. The small cash offer likely isn’t even close to what you deserve for your pain and suffering damages.

You always have time to consult a Huntsville personal injury lawyer before accepting an insurance settlement offer. It’s critical to note that you can’t miss out on compensation because you didn’t accept a settlement offer on an insurance company-imposed deadline if you are legally entitled to financial recovery.

Always Seek the Advice of an Experienced Huntsville Personal Injury Lawyer First

Don’t accept any insurance settlement offers without first checking with a Huntsville personal injury attorney. If you do, you are probably leaving money on the table and walking away. Our attorneys know how to fight and negotiate a fair settlement on your behalf. 

You can receive your case review with an experienced Huntsville personal injury attorney by calling Cloud, Ryan & Rouse at 256-801-1000 today or completing our online contact form.


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