Should You Accept a Truck Accident Insurance Settlement?

Should You Accept a Truck Accident Insurance Settlement?

After you or a loved one have been injured in a truck accident, you may be facing a difficult financial situation. When the trucker was at fault for the accident, you could receive a settlement offer. Whether to accept the offer is one of the more difficult choices that you will make after the accident.

Chances are that you will eventually accept a settlement offer at some point. Most truck accident cases settle before they ever reach a trial. The question is whether this particular offer is sufficient to compensate you for your losses. Your attorney will advise you whether the offer is adequate.

You Can Negotiate for More than the First Offer

The key thing to remember is that you always have the ability to negotiate with the insurance company. You do not have to just take what they offer you. Your legal right is to file a lawsuit if they will not give you a fair settlement. Your attorney could reject the offer and file a demand letter specifying what you believe you are due. Be prepared that you will have multiple rounds of offers and counteroffers with the insurance company, and the process could take many months.

It is very important to take the time to go through the settlement offer to make sure that you are getting what you deserve. You only get one chance to settle a truck accident claim because you will sign a release from any further liability. If you quickly accept a low settlement because that is what is offered, you can be leaving money on the table.

Contact a Covington Truck Accident Attorney

Getting started soon after the accident is vital to your claim. Call the attorney at Ben F. Windham PC at 888.236.9467 or contact us online to schedule your free initial consultation.