It Does Not Always Pay to Sign an Insurance Settlement: Learn Three Instances in Which You Should Not Sign

When a person is wounded in a vehicle accident (or another sort of accident), the at-fault party’s insurance company may owe the victim compensation. Taking the initial settlement offer may appear to be a smart choice. The insurance adjuster may make it appear as if the victim is getting a fair bargain. The fact is that people should never sign this agreement without first consulting with a personal injury lawyer.

Read on to learn three reasons why consulting an attorney before signing a settlement agreement is always a good idea. For a free legal consultation, call The Law Offices of Larry H. Parker at 800-333-0000 if you have been harmed.

Your long-term expenses may not be covered by the settlement offer

Insurance adjusters frequently offer to compensate for past medical costs and missed earnings. They could even offer to pay for your property damage and a rental automobile. This may appear to cover all of your costs, but it does not.

Is your injury completely healed, or will you require more medical attention? Do you think you’ll need to see a doctor in the future? Will you be required to take time off in order to do so? Is your pain and suffering covered by the settlement? These are just a few of the questions your personal injury lawyer will ask before settling your case for a fair amount.

You won’t be able to sue the other party for additional damages

If you accept the insurance company’s initial payment, you’ll have to sign away your right to pursue legal action against them. If many persons were at blame for the accident, you may still be able to take legal action against them, but you should not sign anything until you’ve had an attorney look at your case.

A second opinion is required

If you receive an offer from an insurance company that appears to be more than your damages, you can assume the insurance company is aware of a flaw on their side. All we want at the The Law Offices of Larry H. Parker is for our clients to receive the compensation they deserve for their losses. It’s usually a good idea to have an attorney review the settlement agreement to verify you’re receiving a good bargain.

The good news is that you don’t have to spend a lot of money to find out if the settlement is reasonable. In fact, when you call the The Law Offices of Larry H. Parker at 800-333-0000, we’ll start with a free legal consultation. We’ll look through the facts of the case and the offer you’ve received to see if it’s truly the best you can do. If we believe the issue is worth fighting, we will take it on a contingency basis, which means you will not owe us anything until we have successfully resolved your matter.