If you or a loved one has suffered a personal injury due to someone else’s negligence, it’s important to know that you have the right to compensation for your losses. However, insurance companies are not always willing to pay out the full amount that you deserve, and they may try to offer you a settlement early on in the process. If you’re considering accepting an early settlement from an adverse insurance carrier, we urge you to reconsider and consult with a personal injury attorney first.
Yes, it’s not uncommon for insurance carriers to offer early settlement to victims of negligence. In fact, this has become a recent trend in the industry. The main reason behind this trend is that insurance companies want to settle claims quickly and for as little money as possible. By offering early settlement, they hope to avoid the cost and uncertainty of a trial, and also minimize the amount of compensation that they have to pay out.
While an early settlement offer may seem tempting, it’s important to keep in mind that insurance companies are not on your side. They are businesses that are looking out for their own interests, and they will do whatever they can to protect their bottom line. This means that an early settlement offer is likely to be lower than the full amount that you deserve, and it may not take into account all of the damages that you are entitled to.
At our Long Island, New York plaintiffs personal injury firm, we have seen countless cases where individuals have accepted an early settlement offer from an insurance company, only to later realize that they were entitled to much more compensation. Insurance companies have a vested interest in paying out as little as possible, and they know that many people are eager to settle quickly and move on from the incident. Unfortunately, this can lead to victims settling for far less than they actually deserve.
Before accepting any settlement offer, it’s important to understand the full extent of your injuries and how they will impact your life moving forward. In many cases, the full extent of an injury may not be apparent for several weeks or even months after the incident. It’s also important to consider all of the damages that you are entitled to, such as medical expenses, lost wages, and pain and suffering.
It’s crucial to consult with a personal injury attorney. An experienced personal injury attorney can help you determine the true value of your case and negotiate with insurance companies on your behalf. They can also advise you on the risks and benefits of accepting an early settlement offer, and help you make an informed decision that is in your best interests.
At our firm, we believe that every victim of negligence deserves the opportunity to seek justice and compensation for their losses. That’s why we offer free consultations to all potential clients, so that they can discuss their case with an experienced attorney without any financial risk.
If you have been injured due to someone else’s negligence and are considering accepting a settlement offer from an insurance company, we urge you to reconsider and consult with an attorney first. Contact our New York personal injury firm today to schedule a free consultation and learn more about your legal options.