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Should You Take the First Settlement Offer in Your Injury Case?

Should I Take the First Personal Injury Settlement Offer?

Personal injury, be it a car accident or a motorcycle accident, can be daunting and complicated, and in this very confusing time, you might be tempted to give the first settlement a go, especially seeing how much damage has been done to your personal injury case. You may wonder, “Should I take the first personal injury settlement offer?” There are plenty of things to consider before taking the first settlement offer in your injury case in order to avoid being forced into accepting a settlement far less than you deserve.

After you’re involved in an accident, your insurance company may call you. The adjusters might seem friendly, but before accepting any settlement offer, it’s important to understand how personal injury law protects you and how insurance companies work. Most of the time, insurance companies will offer you an early settlement, but these are usually very low, much lower than what a personal injury lawyer can get for you.

For over 25 years, The Law Offices of Barry Feinstein & Associates have been fighting the big insurance companies in order to help their injured clients. The experienced attorney’s extensive background in personal injury makes them the most competent individuals to handle this case. An attorney will walk you through the entire process, so you don’t find yourself accepting and settling for less. Schedule an appointment right now at our Massachusetts personal injury law firm.

Settling Personal Injury Claims

Injuries are perplexing times for anyone involved. There is the fear, the anger, the anxiety, and the confusion of not knowing what to do next or how to get your life back on track. With these scenarios simultaneously playing out in your head, you might just agree to anything that is offered to you at the moment.

Accepting the first settlement offer in your injury case might not always be the smartest move to make, but having an experienced personal injury lawyer from Peabody can surely help you make informed decisions.

How Soon Should I File a Claim?

You don’t have to notify the people that you think are responsible for your injury within a few days of an accident. However, it’s in your best interest to do so as soon as possible. This will increase your chances of getting your claim resolved quickly and fairly.

When you give notice, it simply preserves your rights and prevents others from later accusing you of unfairly waiting too long to tell them about your injuries. If you promptly notify others that you’re going to file a claim, then at your own pace, you can process and negotiate with the insurance company or government agency that’ll take responsibility for your injuries.

What is the Deadline For Filing a Lawsuit?

If you are unable to settle a dispute with an insurance company, it may force you to consider taking them to court. Do note that each state has a different “statute of limitations” that limits the length of time in which you can file a claim in small claims or another court. In general, in most personal injury cases in Massachusetts, the statute of limitations is three years. If you miss your state’s deadline, there is no opportunity to bring the company to court, and you will have lost your right to recover any compensation.

What Should I Do After an Accident?

  • Find the information you need to identify what happened before moving on to repairing your car. Pictures are a great thing to have while doing this.
  • Write every detail of the accident on a piece of paper. This may include your medical bill and all hospital visits, lost wages, or other bills relating to the accident.
  • When you need to report an accident, try to obtain the names and contact information of any witnesses who may have seen the incident. Contact them in order to verify their contact information so that you can be sure they are qualified to make a statement on the matter.
  • If you speak to other people who were involved in the accident, be sure to take notes about your conversation.
  • If someone has wronged you or they feel they will be held responsible for the damages, let them know before you file a suit that you plan on filing a claim.

How Does The Other Side’s Insurance Affect the Claim?

If the other person or business is at fault and has insurance that covers the accident, then it will be them who handle recovering compensation. You won’t need to worry about the other person’s insurance running out-there are funds in place to cover claims when a company goes out of business.

When someone else’s negligence hurts you, your pain and suffering may not be covered by their insurance. You can seek compensation beyond the policy limits, but then you or the other person responsible for your injury will have to cover anything out of that limit. If your settlement offer is low and the other party doesn’t have much money, a small settlement offer might be as good as it gets for you.

When dealing with personal injury and workers’ compensation cases, schedule an appointment with an experienced personal injury attorney who can guide you through every step.

Talk to a Peabody, MA, Personal Injury Lawyer

Dealing with a personal injury such as an auto accident can be taxing physically, emotionally, mentally, and even financially. It isn’t advised that you accept anything that is offered to you; rather, take a deeper look into it to avoid you settling for an amount you don’t deserve. You deserve more than that! Schedule an appointment right now with an experienced Peabody, MA, personal injury lawyer from The Law Offices of Barry Feinstein & Associates, P.C. We walk you through the entire process and help you get a fair settlement in this trying time.

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