Responding to a Low Settlement Offer from an Insurance Company

Your settlement from an insurance company should help you get your bills paid and recover after a serious accident. Sadly, insurers are not always willing to help you when you need it.

It’s unfortunate, but insurance companies are businesses, and their pursuit of profits often means not making you their priority. That means you could end up with a much lower settlement offer than what you need.

When responding to a low settlement offer from an insurance company, it’s important to have proper legal representation on your side. At Lopez & Humphries, PA, we know how difficult it can be to get a proper settlement, but we also know how to help.

When you need help fighting for the settlement you deserve, our lawyers are on your side. We’re ready to get your case resolved in your favor.

Acting on a Low Initial Offer

Sadly, many insurance companies will try to make you settle for less, saving their own profits. They rarely have your health in mind.

You may encounter one of the following tactics to get you to accept the insurer’s low settlement offer:

  • Extreme lowballing of the price while claiming that’s the best they can do
  • Responding slowly or not responding at all
  • Intimidation and aggression tactics

Without proper help, any of these can keep you away from the settlement you deserve. Luckily, you don’t have to accept the initial offer. If the insurer refuses to offer you a reasonable settlement, you may need to fight back through negotiations or a court case, both of which we can help with. Our team can make sure you get the compensation you deserve.  

Calculating the Settlement You Need

But when you believe the insurer is offering a low settlement, how can you be sure? Knowing what your settlement is worth will make it easier to get the settlement you need after an accident.

Calculating your settlement isn’t just a matter of adding up your current bills, though. You’ll need to consider things like your future expenses, as well. Even a broken bone may require future surgery and strength training for the affected area. A lawyer can be useful in listing what your settlement should actually cover.

If you’re not sure, consider the following list of common damages:

  • Current and future medical care
  • Lost wages
  • Loss of earning capacity
  • Mental trauma, such as post-traumatic stress disorder (PTSD)
  • Pain and suffering  

Getting Legal Help with Your Case

At Lopez & Humphries, PA, we’ve seen many people who would have missed out on a full settlement without our help. Insurance companies may try to avoid responsibility for your settlement, leaving you in a bad financial position.

Fortunately, we can help. We know how to respond to a low settlement offer from an insurance company in a way that will get your case on the right track as soon as possible. If you’re struggling with your case, call us today for a free consultation at 863-709-8500 or fill out the online contact form below.