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Articles Tagged with Initial Settlement Offers

auto-accident-injury-settlements-300x200You have been harmed by someone else’s negligence, and the confusion you feel about how best to proceed may have stopped you in your tracks. You probably recognize that you will need to file an accident claim with the at-fault party’s provider – and that settling this claim is the name of the game – but everything beyond this may be a blur. While the goal is to settle your personal injury claim for an amount that covers the full range of your losses, accepting the first settlement offer that comes your way is highly unlikely to be the answer. Before accepting a settlement offer, it’s always in your best interest to consult with an experienced Atlanta personal injury attorney who is well versed with the ins and outs of your claim. 

Your Overall Losses

Before accepting a settlement offer from the insurance company that is handling your claim, it’s critical that you recognize the full extent of your overall losses (what the law calls damages). Until these are well represented, you can’t be sure that the settlement you accept is adequate to addressing each category of loss in its entirety. 

A woman on the phone in front of a car accidentIn many car accident cases, it’s clear whose fault the wreck was. In instances like these, insurance companies often make settlement offers as soon as they can, hoping to resolve claims quickly and cheaply. If you have received an offer for a car crash before you have had a chance to talk to an attorney, it’s highly advisable that you speak to an Atlanta car accident attorney before you accept it. Read on to learn why.

Initial Offers are Almost Always Low

Insurance companies are in the business of making a profit. They do this by bringing in more than they pay out, so they are financially incentivized to settle your case for as little as possible. The insurance company has nothing to lose by making you a lowball offer in hopes that you will just accept it and move one.

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