A car accident can be extremely expensive for accident victims. Even an accident with medical expenses can cost thousands of dollars, but that does not always mean that you will receive fair compensation for your injuries. When insurance companies can influence how much you receive in compensation, it is important to not put too much trust into what they tell you.
Why you should be wary
Insurance companies often portray themselves as a “business that cares, “ but that is not often the truth. The reality is that insurance companies are a business like any other, which means their primary goal is to maximize profits. It is hard to maximize their income if they are giving away all of their money on personal injury claims, which is why they often work hard to convince you to accept the small settlement.
An insurer is hoping that you are not aware of the full cost of your injuries. If you do not know how much your lost income, current and future medical expenses, and property damage will cost you, it can be hard to know if the settlement offer you receive is fair to you. Insurance companies may pair this confusion with pressure to accept the offer by suggesting that you need this money now or that there is not much time to accept the offer.
What can you do to protect yourself?
With so much uncertainty in a personal injury claim, make sure you have a skilled lawyer at your side. Their guidance can help you avoid small settlement offers while negotiating for fair compensation that you can count on. It is rare for an accident victim to get a second chance at a compensation claim, so make sure your first attempt is your strongest one.