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insurance agent asking a claimant to sign paperwork

Should I Accept a Settlement Offer?

If you take all the right steps after a car accident, there may be some situations in which you may encounter the insurance company that will try to offer you a settlement. While this is something that you want from the insurance company, it’s not something that you should accept immediately.

It’s important for you to speak with a lawyer before accepting or denying a settlement offer because there are numerous factors to consider. We’ll explain some of the things that you should look for when determining the next step you should take.

Does the Settlement Cover Your Losses?

You must consider all of the losses you’ve experienced and how they impact your life. These are some of the things that you need to consider when it comes to your losses, including your medical bills, any income you may be unable to earn, property damage, and more.

Speak with your lawyer about the losses and if you both agree that the settlement offer covers the various expenses, it may be in your best interests to accept the settlement. Be sure to discuss all aspects of your losses, including your non-economic damages.

Is the Settlement Fair?

Oftentimes, insurance companies try to offer much lower than you need. They often do this by avoiding a fair investigation of what happened and do whatever they can to avoid paying out maximum compensation.

It’s part of the insurance company’s responsibility to ensure they investigate, fully and fairly, the claim that is being filed in an effort to pay out the right compensation. If the settlement offer indicates that they did not complete this part of their job, you may be able to recover additional compensation.

In any situation, never accept a settlement offer without first speaking with your legal counsel. At Dunk Law Firm, we want to help you understand where the insurance company may try to take advantage of your rights. Trust that our Milwaukee car accident lawyers are prepared to help you every step of the way.

Need to seek compensation? Call us at (800) 674-9339 today.

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