My Insurance Company Offered A Settlement ― Should I Accept It?


If you ever suffer a severe injury in a car crash or any other type of serious accident, it is likely that your insurance company or the insurance company of the at-fault party will try to settle your case as quickly as possible - with some offers being made within just a few days of the accident.

While you may be tempted to take the offer, especially if your medical bills are piling up, you need to know that accepting an insurance company's first settlement offer can be a costly mistake.

Reasons Why You Shouldn't Take A Quick Settlement

No matter how friendly or nice the insurance agent or adjuster may sound, you must remember that insurance companies are in the business of making money - and they don't make money by paying out large settlements. You also need to be careful of what you say to insurance companies and their adjusters as they will often use any excuse to avoid paying the full amount of your claim.

In fact, in many cases, insurance companies will offer victims lowball settlements in hopes that they can resolve a claim on the cheap. Even if the offer seems like a lot of money now, you need to consider whether it will cover all of your damages and future medical expenses. Often, it won't.

Also, if you accept a settlement offer, the insurance company will typically ask you to sign a release that protects the insurance company from any future claims involving your injuries. Signing this release means your case is over; you cannot go back and file another claim if your injuries turn out to be more severe than you originally thought.

What If The Insurance Company Denies My Claim?

You can file a lawsuit to prove who was at fault, how the at-fault party caused your damages and what those damages are. This can be a difficult thing to accomplish on your own, so you need an experienced injury and insurance law attorney on your side.

Should You Give A Recorded Statement To The Insurance Company Without A Lawyer?

No, the recorded statement is a voluntary statement that could be used against you later. You will want counsel to be with you if you give any sort of statement to the insurance company. Many times the statement is requested while you are actively treating medically and you are not prepared to give a statement that is the most accurate about your accident and injuries.

What Can I Do To Protect Myself When Dealing With Insurance Companies?

The first thing you should always do after a serious accident - other than seeking medical attention, of course - is to speak with an experienced personal injury attorney. Simply put, you need the legal guidance of a law firm that will be by your side every step of the way. You need FleschLaw.

Our attorneys will negotiate with the insurance company on your behalf so you can focus on what matters - putting your life back together. Let out personal injury lawyers help ensure that you get the full compensation you are entitled to under your insurance policy. Contact us 24/7 to schedule a FREE initial consultation. You can reach our Denver or Englewood offices by calling 720-689-0322, or email us online.

“ I was Injured and they paid ”

I was hurt when I was rear ended and I used up all my insurance money on treatment for my injuries. I went to Kevin to get fair compensation. His office was very helpful, explained the process and then they followed through like they promised. I got my medical expenses paid and money for future treatment plus I got money for pain and suffering. I was very surprised by the result. – Linda

“ Really Happy ”

I went to Fleschlaw after hearing an ad on the radio. I interviewed several attorneys and Kevin and his staff made me feel the most comfortable. They explained the process. The car accident really messed up my life. I needed help with my medical bills, lost wages and pain and suffering. We just got the case resolved. It was a long process but I am very happy with the results. I would refer anyone to Fleschlaw if they get in a car accident. – Sara

“ Fleschlaw took care of my case when other lawyers stopped helping ”

I was with another firm that dropped me after they didn't get a settlement right away. I am so glad they did. I found Fleschlaw and they quickly filed suit and fought for my rights. We were set for trial in April and we settled the case when the insurance company finally paid a fair amount for my long term problems. I would refer Kevin and his staff to all of my friends and family. – Dana

“ Very Happy ”

I retained Fleschlaw to handle my claims against someone who hit me last year. The insurance company was jerking me around and I was really mad at how awful I was being treated. Kevin met with me and he made me feel less anxious right away. The firm handled the claim professionally and their customer service was the best I have ever experienced with any lawfirm. The results have changed my life. – Mary

“ Fleschlaw knows car accidents ”

I was involved in a hit and run while driving for work. I was referred to Kevin from my worker's comp. lawyer. Kevin and his staff were great. The process was really confusing but he explained everything and did exactly what he said would happen. I got my money fast and I am back to work. - Valinda

“ Kevin did a great Job!! ”

I had a personal injury case and I started with another lawyer and that lawyer would never call me back or talk with me. I called Kevin to get a second opinion and he was so helpful I switched lawyers. I am so glad I did. He went to bat against the insurance company and finally got them to pay me more than I was expecting. - Mandy