Top Reasons Why You Must Reject The Insurance Company’s First Settlement Offer
An insurance policy pays money to compensate crash accident victims for their medical expenses, wage loss, pain and suffering, etc. Contrary to their expensive commercials, an insurance company is more likely than not, NOT be your friend. Remember that the primary goal of the insurance company’s adjuster and her supervisor will be to quickly settle the claim with you by giving you the closest amount to little or nothing.
The insurance company is expert in knowing that crash accident victims are in the most vulnerable position at such worry-filled period of their lives. Therefore, the insurance company see this as the most opportune time to throw you a bone, obtain your signature on the infamous RELEASE and close your file. Accepting the insurance company’s first settlement offer is a bad idea especially when it is related to your injury, pain, and suffering.
It is true that after the crash accident you need the compensation money, but you must receive all, not some, of your compensation. Here are some reasons why you must not agree with the insurance company’s first settlement offer.
It is a low-ball offer
It is certain that the insurance company will try to settle the claim with as low amount as possible. Therefore, the first offer will be the lowest one as they know often clients do not accept it. Without proper negotiation, it will be complete foolishness on your part to accept the first offer.
The insurance company knows that people often need the money after the crash accident, so that crash victims are less likely to negotiate or negotiate expertly with the insurance company. It will be wise to hire an expert California personal injury lawyer, who will take-on the insurance company on your behalf when it comes to claiming your compensation.
The agent works on behalf of the company
After you file the claim, an insurance company employee (adjuster) will investigate the matter prior to adjustment of your claim. Remember that the adjuster works not for you but for the insurance company and will not investigate the claim from a fair and independent perspective. She will try to blame you or third parties, but not it’s insured the defendant. Whatever it does, the insurance company will exploit any opportunity to diminish your claim.
However, having a crash accident attorney by your side will make it difficult, if not impossible, for the adjuster to get away with reducing your compensation. The lawyer will fight for you and get you the maximum amount of compensation you deserve.
Calculate the total cost of your expenses
While you’re healing after a crash accident, the insurance adjuster will under calculate your damages as low as possible. You should not rely on the adjuster’s calculation. On the contrary, you must hire an attorney who will calculate your damages and expenses in full after fully investigating and working up your case.
- Medical bills
- Rehabilitation costs
- Lost wages
- Future lost wages, if any
- Property damage
- Pain and suffering
It usually takes some time to calculate all the expenses and damages including work pay loss. It can take months to do so. You must include the rehabilitation costs also after going through any surgery. All these expenses should be included in the final bill of expenses.
Your pain and suffering may not be calculated by adjuster
What about the pain and the suffering that you had undergone? The insurer will try to quickly pay you a nominal amount which will probably cover the basic expenses. But they will not count the following:
- Pain and suffering
- Emotional distress
- Reduced quality of life
- Physical impairment
- Physical disfigurement
If you suffered any of the above losses, then you must reject the amount the insurance company is offering. On the contrary, you must demand the fair compensation for the pain, suffering, depression, and/or anxiety that you have gone through.
Hopefully, this discussion illustrates the reasons for rejecting the insurance company’s first settlement offer. Personal injury and insurance bad faith lawyers are trained well on how to deal with the insurance company adjusters to protect your best interest.
If you are facing a situation where the insurance company adjuster is offering you a first unfair settlement amount, please contact us. We are experts in handling such cases. We work on a contingency fee basis, so you will not pay us unless we first win your case against the insurance company.
Mr. Stephen Mashney was my lawyer in a recent case. Throughout our discussions he identified all the possible outcomes in… Read more “Natalie K”
I used A1 Accident Lawyer when I had my auto accident and was very pleased with their top notch service.… Read more “Basil I”
Mr. Mashney of A1 Accident Lawyer a terrific attorney. I had to meet with Mr. Mashney regarding a construction issue… Read more “Evelyn C”
I had to deal with some legalities just recently and called up Sammy Mashney since he is just a few… Read more “Edna E”
A1 Accident Lawyer is everything a law firm should be. They combine conscience with competence, principle with professionalism. When speaking… Read more “White B”
Had a great experience with Mr. Mashney. He was very professional and gave me good advice. He took my concerns… Read more “Lyna N”
I strongly recommend the support of the A1 Accident Lawyer for both business and individual legal matters. within at least… Read more “Yasser A”
I don’t know where to start. Mr. Sami has been my Attorny for years. He is loyal, intelligent and wonderful… Read more “Fadi A”
I would like to thank attorney Stephen Mashney for his exceptional work in handling my case. He and his staff… Read more “Mike A”
I was a student in need, and Stephen resolved my problem. I was so concerned with the cost because I… Read more “Emmanuel V”
A couple years ago I was in a car accident that was extremely life changing to the point where I… Read more “Zainab E”
Good business, very satisfied, they always call and update you with concerns from your Case, very professional and honest”
The best Law Office in Orange County. The staff it’s always cordial and very attentive with me all the time… Read more “Maria V”
Professional, helpful, honest. In the few times I have needed legal advice, the team here has gone through lengths to… Read more “Adam J”
A1 Accident Lawyer firm has been handling all my business legal matters since 1999. They set up my corporations, review… Read more “Sam A”
Out of all the attorneys that i have had to use mr mashney is the best.when i had a problem… Read more “Rusty H”
Mr. Mashney is the best! Definitely recommend him to anyone in need of legal help. He’s very honest and truly… Read more “Jasmina S”
My license was suspended after I received a ticket for crossing a double yellow line on the freeway, being in… Read more “Jad I”
Sam (Stephen) knows immigration laws, and the staff are very helpful and resourceful. I got a great value for the… Read more “Andre A”
I have to say they are amazing. Extremely professional and helpful. I have always seen lawyers as people just out… Read more “Araceli A”
Stephen and Sherie have helped me on multiple occasions with my minor legal issues. I’m grateful for their assistance.”
Picking a lawyer to represent you is extremely difficult. Fortunately for me, I was referred to A1 Accident Lawyer by… Read more “Nezar A”
The A1 Accident Lawyer, did an excellent job with my case. Their team (specially Sherie) were extremely helpful, they answered… Read more “April H”
We came in regarding a judgment on my boyfriends credit and an order for garnishment we weren’t sure what to… Read more “Serennaa B”
After I was rear-ended on the freeway and totaled my car, it was a real dilemma for me. The damn… Read more “Melissa G”
After getting into a car accident A1 Accident Lawyer helped me the whole way through. They kept me informed on… Read more “Berlin F”
If you’ve been hurt in an accident and you are considering finding an injury claim lawyer to get any compensation… Read more “Mike R”
I have been looking for a legal consultation regarding a matter and i started looking online for an office to… Read more “Mohamed K”
A1 Accident Lawyer helped me tremendously in the times I needed legal action taken. This firm has there priorities organized,… Read more “Omar H”
This lawyer is really trustworthy because he gave us the advice without knowing us. I really recommend him. He is… Read more “Tarek A”
Mr Mashney and his entire staff are the most professional and responsive team I have ever encountered in his fields… Read more “Byron C”