Why You Shouldn’t Immediately Accept the Insurance Company’s Offer After an Injury
Insurance policies exist to reduce the liability of individuals and businesses when accidents, injuries, and illnesses occur. If you get hurt through no fault of your own, an insurer may reach out to you and offer you a settlement. This can seem like a stroke of luck, especially if you’re facing big medical bills and weeks or months of lost paychecks.
But it’s important to remember that insurance companies rarely give victims full settlements out of the goodness of their hearts. When they offer settlements on their own accord, they usually do so to avoid paying even more money later on.
That means they’ve run the numbers themselves and they know that the victims are truly owed big money, and by offering a “lowball” settlement, they can avoid having to pay up. When victims accept settlements from insurance companies, they sign away their rights to future compensation. That means they can’t file a second claim or ask for more money.
At Skolrood Law Firm, we’ve seen many innocent victims get taken advantage of this way. It can be difficult to wait for more money when you need to pay bills right away, but the difference in a full settlement and a lowball settlement can be huge.
Don’t accept less money than you and your family deserve. Let the experienced Roanoke personal injury lawyers at Skolrood Law Firm work to get you maximum compensation. Contact us today for a free consultation.