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Should You Accept the First Insurance Offer After a Car Accident?

After a car crash, it is normal for a victim to seek compensation from their insurance company or the insurance company of the negligent driver. When seeking compensation from the negligent driver, the victim may be concerned about whether they should accept the initial insurance offer. However, there are a number of factors to consider before a victim should accept an insurance payment after a car accident. If you were injured in a car accident and you are concerned about the insurance settlement you were offered, you should consult with an experienced Philadelphia car accident lawyer as soon as possible. The Reiff Law Firm is dedicated to helping our clients seek the compensation they need after a serious car accident. We are here to discuss whether you should accept an insurance offer after a car accident.

Reasons to Decline the First Insurance Offer After a Car Accident

After a devastating car accident that may have left a victim with long-term injuries, it is understandable that the victim would want to accept the first insurance offer so they could move forward with their life. However, there are a number of reasons that a car accident victim should reconsider accepting the initial insurance offer.

One reason to reconsider accepting the first insurance offer after a car accident is that the offer may not be enough in comparison to your damages. Many car accident victims make the mistake of accepting an insurance offer prematurely before they understand the full extent of their injuries and other losses. For example, if you went to a doctor and learned that you might need extensive surgery due to the accident, the initial insurance offer may not have considered the costs of ongoing medical care.

Another reason to decline the initial insurance offer is that insurance companies will often try to minimize their liability for an accident. For example, the insurance claim adjuster may insinuate that you were partly liable for the accident in order to decrease your damages. That is why it is important to have thorough documentation of the details of the accident.

If you are already receiving insurance offers from the company representing the negligent driver, you should consider contacting an experienced car accident attorney as soon as possible. The Reiff Law Firm could help you in insurance negotiations to ensure that you receive the compensation you need in comparison to your expenses caused by the car accident.

To learn more about the damages that should be considered when considering insurance offers, you should continue reading and speak with an experienced personal injury lawyer as soon as possible.

Factors That Affect a First Insurance Offer After a Car Accident

There are a number of factors that could affect an insurance offer after a car accident. You should consider the following factors before you agree to accept the first insurance offer of an insurance company.

Loss of Wages

If you were severely injured enough that you must take a significant amount of time off work, this should be factored into the insurance offer. A victim of a car crash should not have to struggle to manage their monthly expenses due to the actions of a negligent driver. A victim may even be able to argue for damages for future loss of wages due to time needed to recover from the crash or seek treatment.

Property Damage

The damage to the victim’s vehicle should also be another major negotiation point. If the settlement offer is not enough to cover the damage to the victim’s vehicle, they should negotiate a different offer.

Pain and Suffering

Pain and suffering damages are based on the type of injuries suffered by the victim in a car crash. For example, if a victim suffered multiple bone fractures, this could be used to negotiate the settlement offer.

There are many other factors that should be considered when making a settlement offer. Our firm is here to help guide you through the process.

Personal Injury Lawsuit vs. Insurance Offers for Car Accidents

Another option for resolving your car accident case is to seek compensation through a personal injury lawsuit. As mentioned, an insurance offer may not provide you with the damages that you need for your injuries and other related losses. However, filing a personal injury lawsuit will ensure that you could request the damages you need to handle your expenses after a car accident.

The Reiff Law Firm is here to speak with you about whether it would be prudent to file a lawsuit after a car accident or whether you should negotiate a better settlement offer. Our experienced Media car accident lawyers are ready to work with you.

Consult with Our Experienced Pennsylvania Car Accident Lawyers to Discuss Your Insurance Offer

If you or a family member was injured in a car crash, you should work with an experienced car accident attorney before you accept an insurance offer. The Reiff Law Firm has worked on a plethora of car accident cases for decades, and we are here to offer you legal representation that meets your unique needs. If you would like to schedule a free legal consultation to discuss the details of your car accident, you should call the Reiff Law Firm at (215) 709-6940. You also have the option of using our online submission form to schedule your free case review.

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