What Are the Risks of Settling a Car Accident Claim Too Quickly?

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Dealing with a car accident claim can be an irritating process, so it’s no surprise that some people take the first chance to settle one and be done with the entire ordeal. This is a mistake though, and you are almost certainly going to regret settling a car accident claim too quickly later on. You should at least speak to our Monmouth County car accident attorneys before you decide to take any offers.

Why Do People Settle Their Car Accident Claim Too Quickly?

Many people settle their car accident claim too quickly because they just want to put these unpleasant events behind them. They don’t want to keep negotiating with an insurance company for more money. They get a check that seems like it should be enough to cover their expenses, and then they take it.

Other accident victims simply don’t realize how serious their injuries are. If someone feels okay and never gets checked out by a medical professional, they could end up taking a settlement offer that won’t come close to paying for their hospital bills, doctor visits, and follow-up care.

What’s the Drawback of Settling a Car Accident Claim Too Quickly?

This is the big problem with settling a car accident claim early. If you take a settlement, you cannot go back and ask for more money later just because your bills are higher than anticipated. In most cases, you end up signing away your right to sue an insurance company once they have paid you a settlement.

So you need to make sure that you have a proper diagnosis and that you know the full extent of your injuries before you take a check from an insurer. You should also consider talking to an attorney.

When Should I Talk to an Attorney?

We recommend speaking with an attorney as soon as you get a settlement offer. An attorney from our firm can take a closer look at your situation to see if this is a good option for you. If it’s not, we can help you fight for a fair compensation offer.

How Long Do I Have to Pursue Legal Action?

You do not have to rush into things and accept a settlement offer. You have time to pursue legal action, up to two years in New Jersey. Consult with a personal injury attorney, get a thorough evaluation of your injuries, and make sure that any settlement offer would be an adequate one.

Meet With a Personal Injury Lawyer Today

If you have questions about your car accident claim or a settlement offer, schedule a free consultation with our team. Contact the Wilton Law Firm and tell us a bit about your situation. We would be happy to take the time to look over your case and figure out what we can do to assist you.