If you have experienced an auto injury, you and your family may be facing major financial challenges. You may not be able to return to work for weeks or even months; meanwhile, medical bills and other expenses may be piling up.
If another party caused the accident, you may be able to receive needed compensation through the negligent driver’s insurance provider. Unfortunately, an insurance adjuster may try to take advantage of your position by offering a fast but purposefully low settlement amount.
A fast settlement may mean your case is worth more
Insurance companies often try to protect their bottom line by minimizing the amount they pay out on claims. An agent may offer a fast settlement if he or she knows that the law may entitle you to significantly more.
You may not know the full extent of your injuries until later
Whether you have suffered broken bones, spinal damage, burns or head trauma, you may not know just how severe and long-lasting your injuries will be until long after the accident occurred. It may take time for your doctor to assess the full extent of the damage and determine how it will impact your ability to return to the life you had before the crash.
If your injuries were serious, you may end up with a permanent disability or have to live with chronic pain that prevents you from working at all. Unfortunately, if you accept a quick settlement now, you may not receive the full amount you need to keep yourself and your family financially secure into the future.