After you suffered an injury in an accident caused by another party, you must understand the insurance process and how pays for your damages. However, this can be easier said than done. The only you probably know is that you must go through insurance to receive compensation for your injuries and damages. And your circumstances may make you eligible for a big payout. Philadelphia, PA personal injury attorneys can help you negotiate a fair settlement with the at-fault party’s insurer. They will protect your rights and do everything to maximize your compensation.
As a business, insurance companies want to protect their bottom line by paying as little money as possible to claimants. They will use tactics to determine loopholes in investigations, negotiations, and policy contracts. You can expect them to make lowball settlement offers, hoping that you would willingly accept any amount from them to save yourself from the stress associated with insurance claims. However, when you accept their initial offer, it may not be enough to cover your future losses when your injury becomes worse.
Why You Should Not Accept the Initial Settlement Offer
Insurance companies will make a low settlement offer to see if you will accept it and move on. After you sign a release document and proceed with your settlement, your personal injury claim will be closed. This means that the insurer will not be responsible for paying you for future claims. However, what if your injury requires extensive surgical procedures? What if it takes years to heal? Who will pay for your medical expenses and lost wages? If you have a personal injury attorney on your side, you can avoid this kind of situation.
To reduce, delay, or deny your claim, an insurance company will use different tactics. The company may claim you exaggerated your injuries, assert that your injuries did not result from the accident, put the blame on you for causing the accident, reassign a new claims adjuster to your case, continuously make a lowball offer, and request you to get further medical exams. However, this back-and-forth process can make you deal with your situation without payment. As a result, you may be forced to accept the company’s initial offer.
Why You Need an Attorney
Your personal injury attorney can help you quantify the full extent of the economic, physical, and psychological effects of your injury. They will help you understand your situation and handle communications with the insurer. Your attorney will ensure you can move forward with your life without worrying about your finances after sustaining a life-changing injury.