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Should I Accept a Settlement Offer from the Insurance Company?

Should i take the settlement offer?


After an auto accident, you may be concentrating on healing from your injury. The insurance company may be resolving your case. The negligent driver’s insurance representative will contact you to make a statement and discuss the details of the accident. It is helpful to speak with a Houston personal injury attorney before you talk to the insurance company.

At some point, if the fault is clear, the insurance company will likely contact you to offer you a settlement check. Then the question becomes, is the settlement offer fair?

What to do About a Settlement Offer

When recovering from a vehicle crash, you probably feel a financial pinch. You are racking up medical bills that may also be stressing you out. The insurance company knows that you need funds; therefore, they are ready to make a fast and often low settlement offer.

You need not accept a settlement offer from the insurance company. You should not take any offer until you consult with an attorney. The insurance company wants to give the lowest money they can because they want to save money. Therefore, they often offer a settlement that is just not fair. Here is how to deal with a low settlement offer.

The settlement may not even cover your expenses or your damages. The insurance company may send you a check. Do not cash the check because by doing so, you will likely eliminate your ability to seek any further damages. Inform the insurance company you do not accept the offer. However, remember that the Texas Statute of Limitations limits the time to file a civil case. You must file a claim within two years of the injury.

Why Many Don’t Hire an Attorney

Frequently, people are worried all the money will go to the attorney if they hire one. But studies have shown that those represented by leading personal injury attorneys net more money, and the lawyer does the heavy lifting. What does hiring the best lawyer for your Houston car accident cost? Nothing up front!

Your attorney will help to negotiate a fair settlement or prepare the case for trial.

When to Accept a Settlement

Foremost, never accept a settlement until all of your injuries are healed. If you have severe injuries, you may require ongoing medical care, future surgeries, and rehabilitation not considered in the settlement offer. The best personal injury lawyers use life care planners to value future medical. These costs can be astronomical, and you could be responsible for the bills if you settle for less than what your medical expenses will cost. The most common mistake accident victims make is taking a settlement too quickly.

If you get a lowball settlement offer, do three things. First, make sure the offer is a lowball settlement offer. And Second, call a reputable personal injury attorney. Finally, ask why did you get a lowball offer?

Insurance companies use standards to determine how much to pay in accident cases. Your injuries may not be typical, and they could be more severe than the standards suggest. You may receive full compensation for the injuries caused by the accident. In addition, you may also be owed money for other damages such as lost wages and pain and suffering.

When an injury is disabling, you might also be owed money for losing the enjoyment of life or other similar damages. An experienced Houston personal injury attorney will protect your rights and work to get you the compensation you are owed after an accident. At Baumgartner Law Firm, we have decades of experience and have successfully resolved hundreds of severe injury cases to get clients maximum compensation after an accident.

Never consider a very quick settlement when you do not fully understand the extent of your injuries. Doing so can be a very costly mistake. 

Never a Charge For Initial Injury Accident Consultation!

Contact our personal injury attorney team at Baumgartner Law Firm for a free initial case consultation.

 Call (281) 587-1111!

Greg Baumgartner

attorney greg baumgartner

Greg Baumgartner has practiced personal injury law since 1984. He holds not one but two law degrees and is a graduate of Trial Lawyers College. He is licensed in Texas and Colorado. Mr. Baumgartner has earned a reputation for exemplary results for his clients. And has been preeminent rated for decades and recognized by Top 100 Trial Lawyers, Super Lawyers, Expertise, Newsweek, Houstonia magazine, and many others. He has given educational talks to lawyers and many media interviews regarding personal injury cases.