If you were injured due to the negligence of another person, you are almost certainly entitled to some form of compensation. And, if you have been offered an insurance settlement due to this, you might want to say “Yes.”
Going over what can happen if you reject your first insurance settlement offer, and speaking with a California personal injury attorney, will help you obtain the settlement you deserve.
What Can Happen If You Reject Your First Insurance Settlement Offer?
The main thing that can happen, if you reject your first insurance settlement, is that any money you were offered will not be given to you. This means that, if you were offered $10,000, you won’t receive that money.
Even though the above may sound like a bad thing, rejecting a settlement lets you seek maximum damages. And, as such, if you were offered $10,000, you may be able to receive $30,000 – or more, depending on your case.
A good example of the above is as follows: you reject your first offer and file a new claim. This claim contains a request for more money and it is successful, meaning that you have received more money than the initial offer.
On the other hand, if you accept the first offer, you won’t be able to obtain further damages. This can mean that, in the event that your injury gets worse and requires more money to treat, you won’t be able to obtain money for it.
Should You Reject Your First Insurance Settlement Offer?
The answer to the question outlined above is as follows: you should usually reject your first insurance settlement offer. And, the main reason for this is as follows: your first offer is likely to be the lowest you can get
Just as an example, if you are injured in a car accident, you may sustain a number of injuries. These injuries may be severe and, as such, the insurance company you are working with will provide a settlement.
The settlement you are offered may seem satisfactory. But, it may not encompass the pain and suffering this injury will further create, or the problems that are likely to arise, as a result of this injury.
If the injuries you sustain turn into issues that prevent you from working for a period of time, and this only appears months after you obtain a settlement, you may be unable to obtain further compensation to deal with these losses.
Should You Always Reject Your First Insurance Settlement Offer?
Even though everything clarified in the previous section is true, there is one thing to note: sometimes your first insurance settlement offer is, in fact, the best possible offer you can receive.
To figure out whether or not this is the case, it is of the utmost importance you work with an attorney. Your attorney will help you go over whether or not this is the case, ensuring that you receive the settlement you are entitled to.
Speak With A California Personal Injury Attorney Today
If you would like to obtain the settlement you are owed, you should think about working with an attorney who can help you.
Speak with an experienced California personal injury attorney today to obtain the settlement that you are owed.
Source:
Max Akin Writing 