Insurance companies are quick to contact a motorist after an accident with a settlement offer. Remember, they work for the insurance company, which has one goal: to settle your case for the least amount of money possible. What may seem like a fair offer to you could fall far short of any amount of money you need and that you can get through an attorney’s help.
To the at-fault driver’s insurance company, your claim is “just business,” and they are not in business to simply give out money. That’s why you can expect them to fight to minimize what they ultimately pay you.
Don’t accept a settlement and don’t sign anything until you are 100% better, or at least on the advice of an experienced injury attorney. Once you take that settlement check and cash it, your case is over, even if you didn’t sign anything.
Once an offer is made (typically a low offer), you will need to sue in order to get the insurance company to pay you what you are owed. This is an expensive process that may mean you will walk away with less money than you would have if the case settled without having to sue. Most cases are settled without going to trial.
Those worried that their insurance rates will go up if they pursue a claim should rest easy. Simply because an injured person pursues a claim doesn’t mean their insurance rates will increase. It’s when a person’s negligent or wrongful acts cause injury that their own insurance premiums are raised.