Insurance Settlements in Personal Injury Cases
If you've suffered a personal injury, you may receive offers of settlements from an insurance company. Even if the settlement seems good, you should consult with an experienced personal injury lawyer before accepting it.
It's in your best interest to be skeptical of any settlement offers received from insurance claims adjusters. While they're simply doing their job, adjusters are not concerned with what's best for you and your family. Their job is to settle the case for the lowest possible cost to their company. Even if their offer seems like it would be enough to cover your medical expenses, you may be entitled to much more.
The full extent of a personal injury may not be known for some time, which is why accepting an offer right off the bat can come back to haunt clients later on. For instance, if your initial medical expenses are $5,000 - and the insurance adjuster offers you $6,000 - you may be thinking that you're getting a fair deal, plus an extra $1,000. Unfortunately, if your injury worsens or causes additional complications or prevents you from working, your expenses will be considerably higher than the original $5,000. (Note that these figures are purely used as examples and real-life injury claims can vary greatly from case to case).
What some people do not realize, is that once you accept a settlement agreement, you officially sign away your rights to further prosecute or to seek additional compensation for the case. It would be devastating to give up those rights only to find out the settlement won't come anywhere close to making up for your financial losses.
If you've suffered a personal injury and received or have been presented with a settlement offer, please call the Law Offices of Richard Flexner today: 1-800-FLEXNER (353-9637)