When to Accept a Settlement Offer
Knowing when to accept a settlement offer is a valuable skill. There are times when an insurance company works quickly to offer an injured person a settlement. The offer might even seem generous to the injured person. Therefore they may be tempted to accept this settlement offer and move on with their life. In general, this is a bad decision. The insurance company almost never offers a fair settlement offer right away and instead is looking to close the case before the injured person realizes how serious the injuries actually are. Before accepting anything, speak to an injury attorney for a free consultation to discuss your case.
In most cases, the insurance company will only settle immediately is if they worry they could be on the hook for much more cash. They hope that the injured person won’t fully understand what their injury is worth and be distracted by the settlement. They also might claim that this is the best offer the injured person can expect and give them a “take it or leave it” ultimatum. This pressure is difficult for someone who is also dealing with a serious injury. Before you sign any documents, speak to an attorney about the offer. Once you retain an attorney, they speak to the insurance companies for you. Your attorney will let you know their opinion on when you should accept or reject a settlement offer, and why they think that is the best course of action.
A personal injury attorney can learn about your injuries and the facts of your case to determine if a settlement is fair or not. This way, you can be confident that the settlement covers your injury for the rest of your life. Since you can’t get a second bite of the apple, you need to be sure that you are getting an amount to cover you for the rest of your life.
At Johnson Law, we have helped clients in Portland, across Oregon, and in Washington get the help they need after an injury. During your free consultation, we can give you an understanding of how we can help you and your family. To discuss your accident, contact Johnson Law today for a free consultation.