After getting hurt in an accident, it can be tempting to just get things over with and settle a car accident claim quickly. We do not recommend that. You should at least talk to a Monmouth County auto accident lawyer before settling. The insurance company wants you to settle your claim quickly and easily, but you could end up regretting this action later. An attorney can help you make a better-informed decision.
Why Do Insurance Companies Want to Settle a Car Accident Claim Quickly?
When insurance companies send you that initial settlement offer, they have done some math. In most cases, they have determined that this is the least they can get away with spending on your car accident claim. That’s their goal here. They don’t care about offering compensation that makes you whole. They just want to save money.
They are hoping that you do not think too hard about the offer. If it looks like a good amount of money, many people just take it. Some accident victims can discover how limiting this is though, and they could end up burning through that settlement and struggling with bills.
When Should I Sue For Damages?
If you are seriously injured in an accident, you should instead sue for damages. If you can show that the other driver was negligent and that they caused the accident, you could potentially win far more money. This compensation can help make up for:
- Medical expenses
- The cost of future medical care
- Lost wages and future earning capacity
- Loss of enjoyment
- Mental anguish
- Pain from disability or disfigurement
- Any other pain and suffering experienced due to the accident
There’s no shame in pushing for the kind of compensation that you deserve.
Can I Sue After Settling My Car Accident Claim?
The big problem with settling your car accident claim is that it closes off this option to you. If you settle for a certain amount of money and realize that your medical needs are more complex than initially estimated, that is too bad. You cannot go back and ask for more money.
Once you settle a car accident claim, the matter is considered done. If you try to sue the party that you settled with, your case is likely to be thrown out. You can sue another party though. For example, if a driver caused the accident and you settle with their insurance company, you could sue the manufacturer of a faulty part that contributed to the crash.
Contact Our Law Firm Today
If you are considering pursuing damages, you do not have to fight for fair compensation on your own. Contact the Falcon Law Firm and ask to schedule a free consultation with our team. We can take a closer look at your case and tell you more about how we can be of assistance.
