Thomas Dennis / 07-06-2021 / Insurance Claim Disputes

When Should I Accept the Insurance Company’s Settlement Offer?

When Should I Accept the Insurance Company's Settlement Offer?After being injured in an accident, the aftermath can leave you feeling anxious and confused. The stress of the situation can leave you wondering what your next step should be following the incident. Following your accident, you will have probably filed a personal injury claim meaning you will be, or already are, dealing with the at-fault party’s insurance company.

Handling an accident injury case can be stressful and time-consuming, so when the other party’s insurance makes you an offer, you may be tempted to take the first one just to have the entire process over and done with. With the help of an experienced team of injury attorneys like  Wooten Kimbrough Damaso & Dennis, P.A., you will be able to better understand when to accept an insurance company’s settlement offer.

Why Should I Reject the First Settlement Offer?

The amount of money an insurance company awards you after an accident is extremely important. After all, this money is what will help you stay afloat while paying for any existing or ongoing medical bills, as well as any other damages like loss of wages or property damage. 

An insurance company will want you to take the lowest possible settlement. The first offer they make will likely be much lower than what you are owed to cover the cost of the damages you have suffered. Accepting that initial settlement could mean cheating yourself out of all the money you need to help get yourself back on your feet. Before accepting an offer from an insurance company, you should consult with others such as family and your trusted injury attorney. 

Will an Insurance Company Revoke Its Offer?

After being made a settlement offer, you may be tempted to accept it right away for fear that the insurance company will revoke it. While this is not impossible, an insurance company would rarely revoke a settlement offer, no matter how long you take to decide. The initial settlement offer will likely be a low number as most insurance companies will expect you and your injury attorney to counter that first settlement. 

Why You Should Consider Hiring an Experienced Injury Attorney 

Hiring a personal injury attorney is crucial to ensuring you stay informed and make the right decisions throughout the claims process. Aside from helping you decide when to hold off and when to accept an offer from an insurance company, there are many other benefits to hiring a talented injury attorney. 

  • Answer any questions you may have regarding our claim
  • Keep you updated on all matters surrounding your claim
  • Help reduce any stress or anxiety you may be feeling

These are just a few benefits to having a skilled legal team on your side while building a personal injury claim. 

 Get Help from Orlando Personal Injury Attorneys

As reported by The CDC, an average of 39.5 million people a year end up in a physician’s office following an injury caused by an accident. If you have been injured in an accident, whether it be a car crash or a slip on a wet floor, you should not have to pay for an accident that was not your fault. Seek out the help of our talented personal injury lawyers at Wooten Kimbrough Damaso & Dennis, P.A. to ensure you have an experienced legal team guiding you as you build a personal injury claim.  

Wooten Kimbrough Damaso & Dennis, P.A. has served the Orlando community for 50 years, providing clients with personalized, top-of-the-line care. Our award-winning firm has extensive experience handling personal injury cases and ensuring our clients stay informed throughout the entire process. To schedule a free consultation, fill out our contact form or call (407) 843-7060.

Disclaimer: All verdicts and settlements listed here are gross amounts before deductions for attorney fees and costs. Past results do not guarantee similar results in the future. Most cases result in a lower recovery. It should not be assumed that your case will have as beneficial a result. Before choosing a lawyer, ask for written information about the lawyer's legal qualifications and experience.