What You Need To Know…”Early Settlement Offers”

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Today, let’s talk about Early Settlement Offers

There’s a good chance you are here because you have been injured due to someone else’s negligence, and maybe you’ve heard from their insurance company. Well, you need be careful if you’re offered a settlement. Many insurance companies will make an offer very early, before you have all your physical injuries treated. And some of your injuries don’t show up or reach their greatest level of discomfort until days, weeks, or even months later. So don’t settle a claim until you know you’ll be fully compensated for all your injuries. That’s why having the right attorney is so important.

What you need to know is the vast majority of legal claims that arise from accidents do not reach a civil court trial. Most often they are resolved earlier through a negotiated settlement. This is called the litigation process. Many times an informal settlement can occur before any lawsuit is even filed. Through a settlement, you usually agree to give up the right to pursue any further legal action in connection with your accident or your injury, in exchange for payment of an agreed-upon amount of money, usually from the insurance company.

So, if you have been made an offer from an insurance company, or possibly the person themselves, you may want to talk to an attorney. It’s important to get his or her thorough assessment of the case and opinion about the likelihood of settlement.

Only you can make the final decision of whether to accept a settlement. But remember, their attorney is obligated to get the best possible deal for the insurance company, which means offering you as little as possible.

Is it a good deal? That can be a complicated question.

Attorney Harold Ehrenberg will meet with you for free to discuss your case. If you’ve been injured and someone is offering you a settlement, call us. We can help!

Next, view what you need to know about your first meeting with an attorney.