Auto Accident

What to Do If the Insurance Company Offers a Settlement After a Crash

For many auto accident victims, getting compensation after their crashes is their biggest priority after they’ve begun the healing process. Their medical bills are piling up day after day, and returning to work may be weeks or even months away. When the insurance company, whether it’s the other driver’s or their own, calls and offers a settlement, it may seem like the best possible news.

But all injury victims should beware when this happens. Insurance companies didn’t become billion-dollar-corporations by paying all claimants full settlements. They got where they are by being ruthless when it comes to paying out claims and even denying them whenever possible. When they offer to pay settlements on their own accord, it often means they know they would lose in court and are trying to avoid bigger payouts.

Although you may need money right away, it’s important to never accept the insurance company’s offer without speaking to a lawyer first. Signing a settlement means signing away your rights to additional compensation. While the check you get may pay for your expenses now and two months down the road, the money may quickly run out, and you may still be out of work and needing expensive treatments.

At Skolrood Law Firm, our Roanoke auto accident lawyers know how to calculate the value of car accident claims to a highly accurate degree. Once we tally up all current and future expenses, we demand that insurance companies pay our clients every penny they’re owed. Contact us today for a free consultation. It’s our job to ensure you’re paid the money you need to move forward with your life.