When you get in an auto accident, everything can feel like it happens too quickly. From the initial crash to the subsequent insurance claims, things tend to move fast. That is why it is important for you to understand your rights and acknowledge that the insurance company is not always on your side.
Insurance companies are for-profit businesses. When they handle your claim, they do it in such a way that it saves them money. You should be careful when an insurance representative or adjuster tries to persuade you into a quick settlement.
It's always a good idea to talk to a San Antonio car accident attorney before accepting a settlement offer from an insurer. More likely than not, they are working in their own best interest.
1. An Insurer Takes Advantage of Your Vulnerability
Insurance companies understand that after an auto accident, you can be vulnerable. Upset about the collision, stressed about financial ramifications, and worried over physical damage, the last thing you may be focusing on is whether the insurance company is treating you fairly. They know this and may try to exploit the situation by persuading you to settle quickly. By settling early, you may not receive the fair settlement amount you deserve.
2. They Offer Less Than the Settlement is Worth
Insurance companies want you to settle because they are trying to save money. When they present initial settlements, the sum is probably lower than what you deserve. Hiring a personal injury lawyer to review any settlement proposals can benefit you and ensure that you are not cheated out of a fair settlement amount.
Insurance companies hope to settle right after the crash before you can obtain legal help. Don't let them take advantage of you and fight for the settlement you are entitled to receive.
3. Insurance Companies Don't Want to Pay for Injuries
When you are involved in a car crash, certain injuries may take time to appear or manifest. If you settle immediately with your insurance, you can potentially be signing your rights away to full compensation for medical bills and other injury claims. That is exactly what they want.
They do not want to be responsible for extensive medical bills and compensation for the pain and suffering that resulted from the crash. It is important to seek medical attention and consult with a car accident injury attorney to understand the full extent of your claim.
4. Big Corporations Want to Save Their Reputation
When a big insurance company is constantly involved in a lawsuit or litigation case, the word travels. They want to appear as caring, altruistic entities that care about individuals involved in a collision. They spend money on advertising to pursue such a reputation. That is usually not the case.
By agreeing to a settlement, you can be signing away your rights to sue the insurance company later. That is exactly what they want so that they can preserve their image of benevolence. Don't let them protect their reputation at your expense. Seek legal guidance to ensure you are making an informed decision.
5. Insurance Companies Want to Avoid a Lawsuit
When an insurance company offers you a settlement, they are essentially acknowledging some or all of their client's fault in the accident. They want you to settle to avoid litigation or going to court. Insurance companies usually do not want to get involved in lengthy negotiation and settlement processes.
However, it is important to understand that settling without a full understanding of your rights and the true value of your personal injury claim can result in inadequate compensation.
Consulting with a car accident attorney in San Antonio who specializes in insurance settlements can help you navigate the negotiation process and ensure that you receive the fair insurance settlement you deserve.
Would a Personal Injury Attorney Improve Your Settlement Outcome?
When it comes to personal injury settlements, insurance companies play a crucial role in determining the outcome. Insurance companies determine the settlement amounts based on various factors such as the severity of the injury, the insurance adjuster's evaluation, and the overall value of similar injury settlements.
It's important to remember that the first offer presented by the insurance company may not reflect the true worth of your personal injury claim. That's why it's advisable to consult with a San Antonio personal injury law attorney who is skilled in settlement negotiations.
When people do not have representation, insurance companies determine settlement amounts. An experienced attorney can guide you through the settlement process, assess the settlement value, and help put you in control by drafting a compelling demand letter to present to the insurance company.
What Happens if I Reject a Settlement Offer?
As an accident victim, it's vital to understand the role of insurance companies in the settlement process. They are well aware of their policy limits and the potential liability of the at-fault party's insurance company, including auto insurance or homeowner's insurance.
A car insurance company may attempt to offer a settlement that falls short of your rightful compensation. Rejecting a settlement offer and pursuing further negotiation may lead to a larger settlement.
To navigate the intricate process of settlement negotiation, it's recommended to seek the expertise of experienced personal injury attorneys who can assess the settlement figure, evaluate the extent of your injury settlement offer, and determine the best course of action for your case.
Additionally, in cases involving property damage, lost wages, or significant medical bills, an attorney can help you secure a fair settlement amount that considers all aspects of your claim.
Contact a San Antonio Car Accident and Injury Attorney
By speaking with an experienced personal injury attorney, you can gain valuable insights into the negotiation and settlement process, understand the value of your case, and make informed decisions regarding settlement offers.
Whether through negotiation or, if necessary, by taking your case to trial, an attorney can help you pursue the fair settlement you deserve based on the circumstances surrounding your accident.
In every personal injury case, having the support and guidance of skilled personal injury attorneys can make a significant difference in achieving a favorable outcome and ensuring that you receive proper compensation for the damages you have suffered.
Do not get fooled into an early settlement without having a lawyer review your case. Our San Antonio auto accident attorneys can look over the details to determine what you deserve. We fight for your best interests. Call today for a free consultation.