Insurance Claims: Settling Too Early Can Be a Huge Mistake
Posted in Accident & Injury on June 12, 2014
Ohio personal injury attorney Bill Price explains why accepting an insurance provider’s settlement offer may not be the right decision.
One of the most common challenges you’ll face after an injury is the need for money. We already need it every day, but when you’re injured and can’t work, you need money more than ever to provide for your family. An accident may not just cause an injury, it may also cause death. This is why having a life insurance is really vital. People who are interested may go to a place like lifecoverquotes.org.uk and see how this kind of insurance can help the whole family.
Insurance companies know your situation. They know whether you’re living paycheck to paycheck or if you’ve been out of work for 6 months due to an injury – and they use this to their advantage.
Insurance companies deal with claims every single day. Claims just like yours. Claims that involve personal injury accidents like automobile crashes, tractor-trailer wrecks and even slip and falls. You don’t deal with an injury every day. In fact, the average person only brings one lawsuit against a company in their life regarding personal injury – if at all.
Insurance adjusters take that knowledge and use it against desperate, inexperienced injury victims. You don’t know whether your injury is worth $50,000 dollars or millions. What you do know is that with a family member out of work, bills can pile up quickly. Not only are there lost wages, but also medical bills, including hospital stays, prescription drugs and even physical therapy. For a struggling family, $50,000 can seem like a lot of money.
While an early settlement can help get you back on track and help pay off some bills, don’t accept an offer before seeking legal advice. An experienced personal injury attorney can look into the matter for you and help determine if more insurance money is available. Remember, a quick settlement may help right now, but what about future medical costs? If you’ve been seriously injured, it may take a very long time before you’re able to return to work – if ever. All future costs should be carefully examined in order to provide you and your family with the compensation you deserve.
To learn more about personal injury law, I encourage you to watch the video above and to explore our educational website at www.elkandelk.com. If you have legal questions, please call us at 1-800-ELK-OHIO. I welcome your call.