Why Avoid A Quick Settlement In A Personal Injury Claim?
In the aftermath of sustaining a personal injury that was caused by the careless negligent actions of another individual, it can be tempting to take the first settlement offer made by an insurance carrier. However, the team at Brown, Moore & Associates, PLLC cautions against taking a quick settlement in many cases. Our personal injury lawyers in Charlotte want to discuss the quick settlement tactics used by insurance carriers and why you should avoid this.
The bad news about insurance carriers
You should be able to count on insurance to fully compensate you in the aftermath of an injury incident caused by another person, at least up to the limits of the policyholder. However, it is important to understand that insurance carriers are “for-profit” companies that have one goal in mind – to maximize their bottom line. In order to do this, they will do everything they can to limit the amount of money they payout in a settlement.
One common tactic the insurance companies is to offer a quick settlement. In most cases, the first settlement offer an insurance company makes is going to be much lower than what you are really entitled to. In general, you can settle any injury claim more quickly if you are willing to take less money. While this may seem enticing, particularly if you have outstanding medical bills and property damage, this may not be the best option in the long run.
There are several reasons why a personal injury case may take longer to settle and why the potential outcome for greater compensation may be worth the wait. This can include:
- There are unresolved factual or legal issues pertaining to the case, such as disputes over which party was at fault for the incident.
- The injury case involves significant amounts of money, which often happens when there are serious injuries.
- You are still undergoing medical treatment for your injuries, which means you and your attorney have no idea how much the total cost will be.
The last thing you an insurance carrier wants is for you to involve an attorney in your case. They know they will not be able to outsmart a skilled Charlotte personal injury lawyer. The good news is that the team at Brown, Moore & Associates, PLLC takes personal injury cases on a contingency fee basis, which means you will pay no upfront or out-of-pocket costs for your case. You will only owe legal fees after we secure the compensation you are entitled to.
Let us help you through your case
If you or somebody you care about has been injured due to the reckless or negligent actions of another person, contact an attorney immediately. At Brown, Moore & Associates, PLLC, we believe that injured victims should receive the full compensation they are entitled to in the aftermath of these cases. This can include:
- All medical expenses related to the injuries sustained
- Lost wages and benefits if you are unable to work
- Pain and suffering damages
- Loss of personal enjoyment damages
- Possible punitive damages against the person who caused the injury