Should I Accept The First Offer From The Insurance Company?

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Following a car accident, whether or not you are hurt you will more likely than not have to deal
with an insurance company in order to get the compensation you deserve. Remember a good
number of insurance companies are for profit companies that are responsible to shareholders and
make more profit if they can pay you less for your claim. As a result, these insurance companies
have put significant resources behind a team of “adjusters” so that they can “adjust” your claim.
As a result, it is wise to be cautious when interacting with them.

THE FIRST OFFER WILL NOT REFLECT THE FULL VALUE OF THE CASE

Unless the first offer is for the available policy limits, the first amount offered on an injury claim
is almost never near to the fair value of what an injury claim is worth. Insurance companies
expect to negotiate, they will almost always start at a price lower than they are willing to pay. A
routine practice by an insurance adjuster is to make you a lowball offer hoping you will accept it
and they can close your claim quickly. You should always negotiate! You will almost always get
a better settlement offer than the first offer if you negotiate.

THE DANGERS OF SETTLING TOO SOON

While a quick settlement may seem appealing because it will result in you getting your money faster, there are serious dangers of settling too soon. If you settle too quickly, your injuries might
not have healed nor fully arisen. As we have written about previously, there are numerous other
injuries that may not develop until days, or even weeks, after the collision. As a result, you may
need to wait a little while before settling so you have a full understanding of how much money
you’ll need for treatment.

Remember, once you’ve settled, that’s it. When you sign your settlement agreement (or in some
cases accept any money), you also are signing away your right to sue for the injuries you
suffered in the accident. So, if you quickly settle your case then you could miss out on the money
you need to fully recover from the accident.

IT DOES NOT COST ANYTHING TO TALK TO AN ATTORNEY FIRST

Contact Trey Harrell Auto Accident and Personal Injury Attorney. Getting Advice from attorney Trey
Harrell about your car accident claim is Free. Further, you don’t pay attorney Trey Harrell for
representing you in a car accident unless the Trey Harrell Auto Accident and Personal Injury Attorney wins your case. There is
almost no reason not to at least call 843.636.TREY
and ask a question.

No matter how cut and dry your case may seem the insurance companies usually would love to
settle your claim for lower than it is worth. An experienced car accident attorney at the Trey
Harrell Law Office, LLC that can determine exactly who is responsible for your injuries, who
understands exactly how find the proper insurance coverage and who knows how to fight to get
you the compensation you deserve for your case. Schedule your free consultation with our
award-winning local attorney today by calling 843.636.TREY
or filling out our online survey

Disclaimer:
Information in this blog is intended for informative purposes only and not legal
advice. Please consult with a licensed attorney before you make any decisions on legal matters.
Further, viewing of this information does not create an attorney-client relationship with the Trey
Harrell Law Office, LLC. Matters will be handled by an attorney who primarily practice out of
our office in Charleston County located at 2000 Sam Rittenberg Blvd. Charleston, SC 29407.
Robert W. “Trey” Harrell, III is the attorney responsible for this posting.

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