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Should I Accept the Truck Insurance Settlement?

Should I Accept the Truck Insurance Settlement?

While they may sometimes act like your friend, insurance companies are in the business of making money. If they have to pay out a settlement, you better believe they’re going to try and offer the least amount of money they possibly can. If you’re in a truck accident and receive a settlement offer from an insurance company, you should never accept the first offer.

An insurance company’s primary objective is to save money, which means lowballing you with their first (or even second) offer. An insurer will rarely pay out a large settlement during your first interaction, so even if the settlement seems like a great deal of money, you should probably say no. Why? Because you want the highest amount you can possibly get to pay for your medical bills, loss of wages, pain and suffering, vehicle damage, and future medical treatment if you’re permanently disabled. A large amount of money can be burned through quickly when there are dozens of medical bills to pay, so it’s always better to consult with an Attorney before accepting an offer.

If you do accept an offer, the insurance company will ask you to sign a release that protects them from any future claims involving your accident. Once a case is closed, you’re no longer able to ask for more compensation, if let’s say, you find out about an injury a few months later. To avoid this, it is important you enlist the legal guidance of an experienced personal injury Attorney. Once you get a lawyer, an insurance company is not legally allowed to contact you. Instead, all communication must go through the attorney. Your lawyer can then get you a counter-offer and get you the settlement you need and deserve.

If you have been injured in a truck accident, please contact our North Carolina personal injury Attorney The Law Office of Donald R Strickland. Call (919) 701-8132 today to speak with a representative today.

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