Insurance companies almost always want to save money, which is why they offer personal injury victims much less compensation than they are entitled. However, you do not have to accept the first settlement offer if you think it is less than you deserve. Attorneys see the first offer as the start of the negotiating process.
Making A Counteroffer
Receiving a lowball settlement offer from the insurance company is nothing unusual. If insurers accepted every person’s demands, they would not be profitable businesses. The insurance adjuster will find ways to justify offering you less, which is why it is essential to understand that you do not have to accept the first offer from the insurance company. Insurers may try to imply that it is your only option; however, it is not. The initial settlement offer is often just the beginning of negotiations.
At One Law Group, we can help you make a counteroffer to the insurance company. We often go back and forth with insurance companies a few times before the insurance company finally makes an acceptable office. If this does not work, you can also choose to reject the offer and file a lawsuit. Luckily, most insurance companies want to avoid it, getting to that point since these cases tend to be costly and time-consuming. This pressure gives them an incentive to reach an agreement to avoid a trial.
Filing A Lawsuit
When settlement negotiations fail, you may need to file a personal injury lawsuit. If mediation fails to resolve the situation, you may need to go to trial. When this happens, a judge or jury decides the outcome of your case. It is so essential to make sure the settlement or compensation award covers your damages’ cost value.
Call an Experienced Attorney Today
Don’t be pressured by insurance companies! Accepting a quick settlement offer puts you at risk of not being able to cover the cost of current and future damages, like medical costs, lost wages from work, and other losses and expenses. The attorneys at One Law Group have your back and will do what it takes to recover the compensation you deserve. Give us a call today to schedule your consultation!