When you have an accident that leads to an injury, chances are you will be dealing with an insurance company. You may be working with your own insurance company. Or, if the accident was the fault of another party, you may be dealing with their insurance company. In either case, you should never accept an initial bodily injury settlement that they offer without first talking to an attorney.
The Insurance Investigation
Insurance companies use a lot of different factors to determine how much compensation for which you are eligible. This may include the extent of your injuries, your related medical bills, property damage if applicable, the cause of the accident, and more. Insurance adjusters investigate claims that are made on policies to ensure that they are handled appropriately. After the initial investigation, a settlement is offered. This settlement is usually the bare minimum that will cover your losses as determined by the insurance company. In some cases, the settlement may not even cover all of your financial costs related to the accident. We often say, “insurance companies are in the business of collecting premiums, not paying claims”.Continue reading “Why You Should Not Accept the Initial Insurance Settlement”