The aftermath of a car accident can be pretty chaotic, from dealing with your injuries to managing unexpected financial losses. It can be easy to rush into accepting a quick settlement offer to get your hands on some much-needed cash. However, you’re better off taking your time before making such a crucial decision.
If you don’t thoughtfully consider your options, you may recover less than you deserve for the damages sustained in the crash. What if your condition gets worse or you discover you may have to live with a debilitating condition for the rest of your life? Have you considered the psychological effects of your injuries or experience? A quick settlement offer does not always reflect the full extent of the harm and losses that a crash survivor is rightfully entitled to.
A quick settlement can limit your legal options
When you accept a settlement offer from an insurer, your claim is considered closed or resolved in the eyes of the law. It releases the other party from legal liability regarding the car accident. You cannot reopen your claim later on just because you settled for what you thought was the best deal. It also means you cannot take your claim before a judge for a review unless exceptional circumstances apply.
This reality underscores the importance of making informed decisions regarding settling a car accident claim. If you’ve been in a wreck, you need to understand the range of damages you are entitled to you’ll need to gather supporting evidence. The stronger your claim, the better your chances of securing the compensation you deserve.
If you are unsure about the value of your claim, the legal technicalities involved in your case or how things work in the settlement negotiation process, consider seeking qualified guidance to help represent your interests and safeguard your rights.