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Blogs from March, 2024


Being involved in an accident can be a traumatic experience, both physically and emotionally. After the incident, you must deal with police reports, medical bills, car repairs, and, most importantly, the insurance company. If you are pursuing compensation for any damages, injuries, or losses you have suffered, the insurance adjuster may offer you a settlement. However, settling too early or accepting a low offer may affect your case's outcome. So, the question is, should you get a settlement from the insurance company?

Pros of Accepting a Settlement:

  • Guaranteed Payment: One of the main advantages of a settlement is that it guarantees payment and prevents you from losing time and money going to trial.
  • Avoid Risk: Going to court can be stressful, time-consuming, and costly. You can avoid the risk of losing or getting a lower amount if you settle early.
  • Quick Resolution: Settling early can help you quickly resolve your case, freeing you from the burden of waiting for a court date and a possible lengthy resolution process.

Cons of Accepting a Settlement:

  • Low Settlement Offers: Insurance adjusters may offer you a low settlement value, hoping you will take it without question. A lower settlement value means you may not get enough compensation to cover your expenses.
  • No Turning Back: Once you accept a settlement, you are giving up your right to pursue any further compensation in the future, even if you suffer further injuries or losses.
  • Pressure to Settle: Insurance companies may pressure you to settle quickly, knowing that you may be feeling overwhelmed by the situation. Remember, they are looking to save money, and their interests don't align with your interests.

Tips to Help You Make an Informed Decision:

  • Understand your Rights: Before deciding, you should understand your legal rights and what you are entitled to under state laws.
  • Know the Value of Your Case: You should have a clear understanding of the value of your case and know how to negotiate with the insurance company.
  • Seek Professional Advice: Seeking legal advice from a lawyer or a reputable personal injury attorney can help you determine the best course of action for you.
  • Don't Settle Too Early: You should give yourself enough time to consider any offer made by the insurance company, especially if it's low, and discuss it with your attorney and other advisors.

Agoura Hills Personal Injury Attorneys

If you need assistance with your personal injury case, Effres & Effres can help. Our experienced attorneys will review your case and advise you on the best action. Contact us today at (818) 222-9720 to schedule a consultation.

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