After an accident, it’s not uncommon for an insurance adjuster to call you or even show up at your home with a settlement offer. While it may seem like a quick and easy way to resolve your claim, you should be very careful before agreeing to anything. The decisions you make in these early stages can have a significant impact on the compensation you ultimately receive.
Insurance Companies Are Not on Your Side
It’s important to understand that insurance companies are businesses, and their primary goal is profitability. They achieve this by paying out as little as possible on claims, including yours. While an insurance adjuster may seem friendly and sympathetic, their job is to settle your claim quickly and for the lowest amount possible.
This is why it’s critical to take your time before accepting an offer. The initial settlement may not fully cover all your damages, including medical expenses, lost wages, and ongoing treatment costs. If you accept a low offer too soon, you may find yourself struggling with unexpected expenses later.
Why You Shouldn’t Sign Anything Without Legal Advice
Before signing any documents or agreeing to a settlement, you should consult with an attorney. Here’s why:
- You May Not Know the Full Extent of Your Injuries: Some injuries take time to manifest, and an early settlement may not account for future medical needs.
- You Could Be Waiving Your Right to Additional Compensation: Many settlement agreements include clauses that prevent you from seeking further compensation later, even if new damages arise.
- An Attorney Can Negotiate a Better Settlement: Lawyers have experience dealing with insurance companies and can often secure a much higher payout than you would on your own.
How to Handle Communication with Insurance Adjusters
If an insurance adjuster contacts you, keep these tips in mind:
- Be Polite but Cautious: You are not required to provide a recorded statement or sign anything right away.
- Do Not Admit Fault: Even casual remarks can be used against you later.
- Limit the Information You Share: Stick to basic facts and avoid discussing your injuries in detail.
- Refer Them to Your Attorney: If you have legal representation, let your lawyer handle all communications.
Final Thoughts
Insurance companies aim to settle claims for as little as possible, and their adjusters are trained to persuade you into accepting a low offer. By understanding their tactics and seeking legal guidance, you can protect your rights and ensure you receive the full compensation you deserve. If you’re unsure about a settlement offer, consulting with an experienced attorney can make all the difference in the outcome of your case.
