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Should I Settle with the Insurance Company?

By: The Igwe Firm
February 11, 2019

Lehigh County car accident lawyers at The Igwe Firm negotiate fair settlements for injured victimsIf you have been involved in a serious car accident, the driver who is at fault is responsible for your damages. These damages are used to cover any medical treatment you undergo, damage to your vehicle, and lost wages while you are physically unable to work.

After you file a claim to recover these damages, the negligent driver’s insurance company will likely offer you a financial settlement. Making the decision to accept or deny this offer depends upon many different factors.

The First Offer

The first offer is just that – the first offer.

The other insurer knows you may be feeling a bit of financial insecurity following a severe car accident. You may be losing sleep over mounting medical bills, missing paychecks, and thousands of dollars in repairs to your vehicle as a result of your car accident.

Because they know these funds are important to you, and you need them sooner rather than later, they may try to offer you well below what you need to cover these expenses.

Accepting a settlement prohibits you from seeking additional damages in the future. You should never agree to any settlement or cash any check without first consulting a Lehigh County car accident lawyer.

Many settlements go through a series of negotiations before both parties come to an agreement. Your lawyer knows the ins and outs of your claim, and will advocate accordingly on your behalf to increase your chances of receiving a fair and reasonable settlement for your accident.

Consider Your Injuries Before Accepting a Settlement

Car accident victims who experience head, neck, or spine injuries after a crash may notice these aches and pains worsen over time. For that reason, many lawyers recommend their clients wait at least six months before considering an insurance company settlement.

It may take at least that long for your physician to perform all the physical evaluations and diagnostic testing to determine how your injuries are going to impact your quality of life in the years to come. An early settlement may not account for the long-term medical treatment your injuries may require.

Immediate Financial Need and Insurance Settlements

Some accident victims have urgent financial needs and are more willing to accept an early settlement. This is why it is important to work closely with your lawyer and fully disclose your situation. They can work quickly to negotiate a larger settlement and reduce the waiting period until you receive compensation.

Lehigh County Car Accident Lawyers at The Igwe Firm Negotiate Fair Settlements for Injured Victims

 Insurance companies are not always working for the best interests of car accident victims. When it comes to paying damages, they want you to accept the smallest settlement possible. But you do have options. A Lehigh County car accident lawyer at The Igwe Firm will go to bat for you and negotiate the settlement you deserve for your injuries.

Before you accept any offer for damages, call 215-278-9898 or contact us online to schedule a free case evaluation. Located in Philadelphia, we represent clients throughout the state of Pennsylvania.

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