Don't Sell Yourself Short
If you've been involved in a personal injury accident, you may be offered a settlement by the at-fault party's insurance company. While it may seem tempting to accept the first offer, it's essential to understand why this may not be in your best interest. In this blog, we'll explore why you shouldn't take the first settlement offer after an accident and what steps you can take to protect your rights and maximize your compensation.
1. The First Offer is Usually Low
Insurance companies need to make a profit. This means they will often offer a low settlement amount hoping that you will accept it without question. However, this initial offer may not be enough to cover all of your medical expenses, lost wages, and other damages. By accepting the first offer, you may leave money on the table you are entitled to.
2. You May Not Know the Full Extent of Your Injuries
After an accident, it can take time for injuries to fully manifest. You may know the full extent of your injuries weeks or even months after the accident. If you accept a settlement before you know just how bad your injuries are, you may settle for less than you deserve.
3. You May Need Ongoing Medical Treatment
Some injuries may require ongoing medical treatment, such as physical therapy or surgery. You may need more money to cover any ongoing medical expenses. By working with an experienced personal injury attorney, you can ensure that you receive the compensation you need to cover all of your medical expenses.
4. You May Have Future Lost Wages
If your injuries are severe enough, you may be unable to work for an extended period. This can result in lost wages and financial hardship. By accepting a settlement offer before you know the full extent of your injuries, you may not have enough money to cover your future lost wages. A personal injury attorney can calculate your future lost wages and ensure you receive the compensation you deserve.
5. You May Have Other Damages
In addition to lost wages and medical expenses, you may be entitled to compensation for other damages, such as pain and suffering, emotional distress, and loss of enjoyment of life. By accepting a settlement offer before you know the full extent of your damages, you may be settling for less than you deserve.
Work With Rapid City Personal Injury Attorneys
If you've been involved in a personal injury accident, it's essential to understand why you shouldn't take the first settlement offer. By working with an experienced personal injury attorney, you can maximize your potential compensation and protect your rights.
If you need legal assistance, Whiting Hagg & Dorsey, LLP is here. We fight for the injured and will help you get your deserved compensation.
Get started today by calling (605) 519-6136 or visiting our website.