Why You Should Never Settle On Your First Insurance Offer?
Injuries can be devastating experiences for anyone, but these experiences become all the more frustrating when the insurance company pressures you to take less than you are entitled to. The money you get from an insurance settlement is supposed to help you with your medical bills and expenses while you are injured. Settling on the first offer is a bad idea and can cost you a lot of money. Always consult a Personal Injury Lawyer in Scarborough before negotiating with the insurance company. That way, all agreements will be documented for future reference.
Your Case Might be More Valuable
You don’t know what your case is worth until after discovery and depositions are complete. Discovery gives both sides information about each other’s claims and defenses that they might use in later negotiations or at trial if necessary. The discovery process also helps determine how strong or weak the other side’s case actually is. By waiting until discovery is complete before settling, you will know exactly how much money your case is worth before making any decisions about settlement amounts.
Your Injuries Might be Worth More
Your medical bills and other expenses will continue to pile up while you wait for the settlement payment. Settling early may give you a quick buck, but it could cost you long-term if you have a lengthy recovery period. An experienced Injury Lawyer in Scarborough can help you understand what your claim is worth, whether or not your injuries are permanent, and how much you can expect in terms of compensation from the insurance company.
You Will Get More Money Later
The first offer is usually low, and you can negotiate. Insurance companies know they will have to pay something, so they start low and give you the impression that you will not get anything if you don't accept this offer. But this is not true. Insurance companies want to settle as quickly as possible because it costs them money and time to fight a case in court. So if you wait for a better offer, it will likely come sooner or later.
The Offer Might Be Too Good To Be True
The offer may come with strings attached, such as a waiver of your right to sue or sign a release from liability. You might have to agree not to talk about the accident or its aftermath with anyone else. This could be problematic if you need to discuss what happened with your doctor or therapist or with an attorney. Moreover, the offer may require you to give up some necessary legal rights by signing a release from liability or settlement agreement. A good Injury Lawyer in Scarborough will stay abreast of all the latest developments in your case and fight aggressively for the compensation you deserve. For more information visit here: BE Personal Injury Lawyer
Your Case Might be More Valuable
You don’t know what your case is worth until after discovery and depositions are complete. Discovery gives both sides information about each other’s claims and defenses that they might use in later negotiations or at trial if necessary. The discovery process also helps determine how strong or weak the other side’s case actually is. By waiting until discovery is complete before settling, you will know exactly how much money your case is worth before making any decisions about settlement amounts.
Your Injuries Might be Worth More
Your medical bills and other expenses will continue to pile up while you wait for the settlement payment. Settling early may give you a quick buck, but it could cost you long-term if you have a lengthy recovery period. An experienced Injury Lawyer in Scarborough can help you understand what your claim is worth, whether or not your injuries are permanent, and how much you can expect in terms of compensation from the insurance company.
You Will Get More Money Later
The first offer is usually low, and you can negotiate. Insurance companies know they will have to pay something, so they start low and give you the impression that you will not get anything if you don't accept this offer. But this is not true. Insurance companies want to settle as quickly as possible because it costs them money and time to fight a case in court. So if you wait for a better offer, it will likely come sooner or later.
The Offer Might Be Too Good To Be True
The offer may come with strings attached, such as a waiver of your right to sue or sign a release from liability. You might have to agree not to talk about the accident or its aftermath with anyone else. This could be problematic if you need to discuss what happened with your doctor or therapist or with an attorney. Moreover, the offer may require you to give up some necessary legal rights by signing a release from liability or settlement agreement. A good Injury Lawyer in Scarborough will stay abreast of all the latest developments in your case and fight aggressively for the compensation you deserve. For more information visit here: BE Personal Injury Lawyer