Low Insurance Settlement Offer: What Do I Do?

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You've come out of your car accident with injuries and trauma, but there's a chance for help. Because Florida is a "no-fault" auto insurance state, your insurance company should offer a settlement—no matter whose fault the accident was. Unfortunately, when you receive your settlement offer, you might realize that it's too low to cover your expenses.

Many people find themselves wondering what to do after receiving a low insurance settlement offer. When this happens, you'll need to fight for the settlement you deserve.

Don't Accept Right Away

Florida residents have a little less to worry about when they're in an accident than residents of other states. Your no-fault insurance means that your own insurer should cover your damages, rather than forcing you to fight for your compensation in court. Some of your expenses should be covered, regardless of whose fault the accident was.

But this doesn't mean that the first settlement the insurer offers is the one you have to take. The insurance company might not give you a reasonable offer, and if you take that first offer, you could lose your chance at the full settlement you deserve.

Fortunately, you don't have to accept the offer right away. Instead, take some time to ensure that you know how much compensation to expect before you sign anything or make a counteroffer.

Find Out What Your Claim Is Really Worth

Before you can ask for the full settlement you deserve, be sure that you know what to ask for first. While you might be sure that the insurers are not offering enough, be sure that you know what they should offer before you begin.

Calculating the value of your claim can be tough, but with the resources a lawyer can provide, you can get a more accurate picture of the settlement you're owed. An attorney can help you identify and quantify all of your damages and show you what your insurance policy should cover.

For example, your settlement should include any future expenses for the treatment of your injuries. For example, if you broke your arm and you'll need pins or screws placed or removed at some point in the future, your settlement should reflect that.

You might know that the insurance company isn't giving you the full settlement you need, but you don’t have to respond until you’ve spoken with an attorney and determined the exact amount of money you’re owed under the terms of your policy. An attorney can help you determine what you truly deserve.

Ask a Lawyer for Help

When you're injured in an accident, there's a chance that you might receive a low insurance settlement offer, so what do you do? First, act quickly to determine what your claim is truly worth.

But that’s not always easy to do, and you're already injured and overwhelmed by the suffering you've been put through. It's easy to make a mistake and lose the full settlement you're owed. Fortunately, Lopez & Humphries, PA can help with that.

If you're having trouble getting the insurance settlement you're owed after an auto accident, contact our attorneys. We'll review your case during a free consultation, and if you choose to work with us, we'll fight for the settlement you deserve. Ready to get started? Just give us a call at 863-709-8500 or complete the form below.