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Should I Accept the First Settlement in a Car Accident Case?

Reasons to Reconsider the First Offer

When you've been involved in a car accident that resulted in injury, accepting the first settlement offer you receive can often seem like a simple fix to your short-term problems. However, the first offer is usually not the best offer you can receive.

Before accepting any settlement from an insurance company or opposing party, work with an attorney to consider what aspects may have been overlooked. Here are just some reasons you may want to think twice before accepting.

Your Claim May Be Undervalued

Insurance companies are notorious for making the first offer significantly lower than what may be needed to recover from your injuries properly. This often leads to undervalued claims and can leave you with more costs down the line. When looking over the first settlement offer you receive, consider whether it’s sufficient to pay medical expenses, lost wages, and anything else you may have incurred as a result of your crash.

Future Medical Expenses May Not Be Factored In

While taking care of your immediate medical needs is essential, the first settlement offer often does not consider how your long-term health may be affected. Latent car crash injuries, conditions that develop from your immediate injuries, and future medical expenses resulting from the crash should be factored into your settlement.

You May Be Limiting Yourself

Along with the previously mentioned factors, immediately accepting the first offer can limit any further legal action you may be able to take. So while you may have a strong case to make against the at-fault party, you likely will not get to pursue it any further after accepting the offer they give you. In cases where more than one party may be held responsible, this could have far greater implications.

This is why it's crucial to work with an experienced and skilled attorney who will advocate for your right to fair compensation and help you make well-informed decisions.

Get Help Today

Chris Morrow Law, PLLC has been advocating for victims throughout Texas since 1994 and is dedicated to helping you receive the compensation you deserve. If you need legal assistance following a car accident injury, we can help. Call (512) 641-5232 to speak with a member of our team.
 

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