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Is Your Insurance Company Settling Your Car Accident for Less than You Deserve?

Insurance Consultant Lawyer

Insurance companies are there to protect you. When you’re involved in a car accident, you expect that your insurance company will help you cover the costs. After all, that’s why you pay them a premium each month.

There are times, however, when insurance companies won’t pay you what you deserve. There are many reasons why they do this. Generally, insurance companies are in the business of making money and if they have to pay money out to you for a claim, they don’t make as much.

Settlement Offers

After your car accident, your insurance company may offer you a settlement. You’re excited about this because you have medical bills piling up and you have damages to your vehicle that need to be fixed.

Your insurance company is banking on the fact that you won’t consider all of the future expenses you’ll have related to your car accident. Instead, your insurance company is hoping you’ll take their offer of quick cash and not think twice.

When you take a settlement offer from your insurance company, you’ll sign a document stating that you accept the money as payment in full of your claim. This means that if you rack up additional medical expenses or car repair costs, those expenses will be entirely out of your own pocket.

That’s why it’s important to contact a trusted attorney who can review your car accident claim and any settlement offers from your insurance company. Experienced lawyers are the answer you need. They have helped clients just like you decide the initial offer from their insurance company was not sufficient to cover their existing and future needs. Once they make that determination, we work together to negotiate with your insurance company to get the compensation you deserve to get back on your feet.

Settlement Offers don’t Include Everything

Many settlement offers don’t include the full value of your claim. Insurance companies will try to force the settlement offer on you because they know you need the quick cash.

When you work with a law firm, they make sure you have the best chance of recovering everything you deserve. This includes:

  • Past, present, and future medical bills
  • Rehabilitation costs
  • Pain and suffering
  • Emotional distress
  • Lost wages
  • Vehicle repairs

While the expectation of a quick settlement is good, it could end up costing you more money in the end. When you don’t account for all of the future needs, you can quickly find yourself paying substantial sums out of your own pocket.

By choosing experienced attorneys, you give yourself the opportunity to get the full compensation you need to get better. It may take longer to get the full value of your claim but you won’t have to pay any of the costs out of your own pocket. You did not cause the car accident and you should not be on the hook for any of the costs associated with the car accident.

Why work with a Law Firm

If you have been injured in a car accident, the insurance company will immediately attempt to get you to settle. It may be easy for this offer to seem appealing and deserving. However, these offers are often the opposite. They likely do not consider all of the ways this crash is currently affecting you and how your injuries will shape your future.

Putting you and your family first means getting representation from a skilled legal firm. When you didn’t cause the accident, you shouldn’t have to pay for it. Call a Chicago insurance consultant lawyer today to get started.

Thank you to our friends and contributors at Childress, Loucks & Plunkett for their insight into insurance companies and car accident settlements.