Do I Have to Accept The First Woodland Hills Car Accident Settlement Offer?

Auto accidents often result in significant disruptions to one’s life. In a few cases, it can take a victim at least six months to regain normalcy and even up to two years of rehabilitation. In addition, the intense attention of car accident victims on medical care and necessary repairs causes them to miss other important needs. 

Accepting early settlement may force you to cut corners on their medical care and neglect other responsibilities, such as paying bills on time. Under no circumstances should you accept any offer from an insurance company until after speaking with the Best Car Accident Lawyer Woodland Hills first!

Why Do Insurance Companies Offer Quick Settlement?

When dealing with the insurance company, consider their first offer to be the beginning of negotiations. Always remember that an insurance adjuster’s primary concern is the company’s bottom line. Therefore, at every step of the claim process, they will do everything they can to minimize their risk.

Insurance companies want to settle claims quickly because it helps them reduce losses and keep costs down. They often overlook small damage claims, hoping you won’t want to go through the hassle of filing a claim or that you won’t be able to prove your damages in court. Following are some tactics used by insurance adjusters to avoid paying the settlement:

• Deny or delay payment on a claim for various reasons, including arguing that you failed to report the loss immediately or that your policy did not cover an event.
• Refuse to offer any settlement or offer only a small amount of money that they think is less than what you deserve.
• Delay payment by claiming they have not received medical records or other pertinent documents, even though they have been readily available for months. If this happens to you, contact the Best Car Accident Lawyer Woodland Hills immediately so they can help you resolve this issue as quickly as possible. 1-844-999-5342
• Delay paying claims by referring claimants back to their original health care providers for treatment and then waiting until Medicare no longer covers those providers.
• Use confusing terminology and bureaucratic procedures to discourage consumers from filing claims, hoping they’ll give up in frustration before submitting paperwork that could result in a payout.

Why Should You Refuse the First Settlement Offer?

The insurance company will make its initial settlement offer, and if you accept it, you’re done! You don’t have to go through more arbitration or legal proceedings with them. But if you refuse their offer and continue pursuing your case, they will increase their offer until it meets an acceptable amount to both sides. When you receive a settlement offer from an insurance company, you should always consult with Best Car Accident Lawyer Woodland Hills before making any decisions about accepting or rejecting that offer.

Maximize Your Car Accident Settlement with Legal Representation from the Attorneys at Walch Law

Our experienced team of attorneys at Walch Law Firm can analyze your case and determine whether the amount offered by the insurance company is fair based on the facts surrounding your case. We will be able to advise you on whether or not accepting an initial offer is in your best interests and, if so, how much more money should be added to that initial offer to reach a reasonable settlement amount for your injuries. Give us a call at 1-844-999-5342 or write to us online to speak to the Best Car Accident Lawyer Woodland Hills.