Should I Take It? What to Do if the Insurance Company Offers You a Settlement For Your Claim
The insurance company wants to pay you off, should you take it? Follow the steps below to protect yourself.
1. Call your lawyer
Just as in criminal cases, do not speak without your attorney present. Usually, if you are represented by counsel, your insurance company will contact your attorney before they contact you. If the insurance company contacts you directly, always contact your attorney before acting. Your attorney can tell you whether or not your settlement offer is fair and whether or not you should take or what your next actions should be.
2. Get legal help
If you have not yet contacted an attorney, now may be a good time to do so. At the Advocates, attorneys are available to chat 24-7. They attorneys commonly review settlement offers. Personal injury attorneys can tell you what your claim is worth and whether or not to take the offer.
3. Exercise Caution
It is important to remember that insurance companies are primarily interested in making money. If the offer seems too good to be true, be suspicious. Perhaps you are entitled to more than you know. If an offer comes early, be wary that the insurance company might be attempting to nip the problem in the bud by trying to make you go away before you cause a larger problem.
4. If the case is simple, look at costs and make your best decision
In a simple case, like a fender bender, use your best judgment. If the insurance company is willing to fix your car, you can take it to the body shop. If your car is a total loss it is not unwise to send in the car title and take the check.