815-363-7776
McHenry
847-854-7700
Lake in the Hills
815-363-7776
McHenry
847-854-7700
Lake in the Hills

Understanding When to Accept an Auto Accident Settlement Offer

Whether you’ve been rear-ended in your neighborhood or suffered a major crash on the highway, you may be concentrating on healing from your injury. The negligent driver will more than likely get you in contact with their insurance company to pay for any costs including vehicle repairs and medical bills. Many are wondering if taking a settlement check is beneficial for them or not, and most of the time a person will take the offer. However, it is essential for you to talk to a personal injury lawyer before discussing details with the insurance company.

 

An auto accident settlement offer is the payment of proceeds by an insurance company to settle a claim involving vehicle repairs and medical bills.

 

What Should I Do?

 

With a vehicle accident comes  the stress of vehicle repairs and medical bills. This is where the insurance company comes into play to offer a low settlement. Often, many people accept the low settlement offers due to their sudden financial drop, however, it is highly recommended to speak to a personal injury lawyer before accepting any offer.

 

The insurance company is presenting you with the lowest possible offer, which is not fair to you. Settlement checks generally do not cover all of the damages, which is why it is such a common mistake to accept offers quickly. Consulting with an attorney, such as Franks & Rechenberg, P.C., is crucial to receiving more aid.

 

After you have talked to a personal injury lawyer, it is time to evaluate when you should accept a settlement. It is essential to write down all of your medical and vehicle damage costs to see the grand total. To do this, it is advised to wait until you have fully recovered from the accident to ensure you do not accept the settlement prematurely.

 

For more information or any questions regarding understanding when to accept a settlement offer, contact Franks & Rechenberg, P.C. today.

To learn more about how we can represent you, click here.