Insurance Companies Aren’t Going to Do You Any Favors

Insurance companies aren’t going to do you any favors

by gturnercontentcustoms | Sep 23, 2024 | Motor Vehicle Accident Injuries

When you’ve been injured in an accident, and the at-fault party’s insurance company offers a large settlement, it can feel like a huge relief. You might be tempted to accept the offer and move on with your life. After all, isn’t that what you’re entitled to—quick and fair compensation?

While it might seem that way, there’s an important question to ask: is the settlement enough to cover all your current and future needs? In many cases, the answer is no. Insurance companies are in business to make profits, not to pay out the full value of claims. Therefore, seeking legal feedback before accepting a settlement offer could be one of your most important decisions. The right legal support can help ensure you don’t miss out on crucial financial compensation to support your long-term recovery.

Medical expenses

Depending on the acuteness of the injuries you sustain during a collision, you may incur out-of-pocket expenses for:

• Visiting the emergency room
• Your hospital stay
• Ongoing medical treatments
• Rehabilitation
• Therapy

Involving the right legal team can help you account for all medical expenses that your injuries may require.

Lost wages and future earnings

It’s not uncommon for accident survivors to miss work while they recover from the injuries sustained in the collision. Suppose this is your predicament; accepting the insurance company’s initial settlement offer might not be a good idea. Instead, you should consult a legal team that can help ensure you recover the lost wages you’re entitled to.

Pain and suffering

Did you know you’re entitled to compensation for the pain and suffering you experienced due to a car accident? These damages can vary widely depending on:

• The severity of your injuries
• How the accident affected your daily life
• The accident’s long-term impact on your well-being

With proper legal support, you can rest assured the insurance company will not undervalue your pain and suffering to keep the payout lower.

While a large settlement offer from an insurance company might seem generous, it’s crucial to take a step back and evaluate whether it truly meets your current and future needs. You’re entitled to a settlement that caters to more than just your immediate medical bills. Consulting with a dedicated legal team can help ensure that all of your expenses are considered.

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