Settlement offers should help injured claimants with the compensation they deserve. However, insurance adjusters know that it threatens their profits and bottom line when they pay out claims. As such, they attempt to offer you less than you deserve for your losses.
It’s vital to have a lawyer on your side so that you can understand when a settlement doesn’t fit your needs. Below, we will explain what to look for with the first settlement offer and what you should do if it doesn’t cover your losses.
Insurance Companies Focus Only On Profit
Insurance adjusters work hard to protect their company’s profits. They know that if they can get you to accept a settlement, it minimizes how much they have to pay out. They offer you a settlement knowing that it is low, and they hope that puts an end to the claim.
Not only do insurance adjusters offer settlements that don’t cover your needs, but they also delay claims. They want you to accept whatever they offer because you’re in a tough financial place.
Before Accepting a Settlement
We know it’s difficult to endure any kind of accident. You need compensation, and you’d definitely consider a settlement offer. However, if you accept that offer, you give up your right to pursue any further compensation. Before you accept anything, speak with a lawyer about your options and learn if you can recover more.
At Metzger Wickersham, you’ll find Pennsylvania car accident lawyers who care about you and your rights. We look out for your best interests throughout the entire process. If insurance adjusters try to take advantage of your rights during a challenging situation. We don’t back down from a challenge, and we will work on your behalf to seek maximum compensation when you deserve it.