Should You Accept an Auto-Insurance Settlement Offer?

One of our earlier articles explained the auto insurance settlement process.
In response, one of the common questions we received was when one should accept an auto-insurance settlement. On the one hand, accepting a settlement allows a Plaintiff to move on from the case and gives them monetary compensation in an expedited fashion. On the other hand, the settlement being offered may be insufficient to fully compensate the Plaintiff for their long-term needs. At Grillo Law P.C., our experienced lawyers and legal professionals can help your navigate the process and allow you to make the most informed decision possible.

Some factors that will impact the decision on whether to accept an insurance settlement:

1. The details of your insurance policy

For many, their insurance policy is a complex piece of legal jargon that requires assistance to properly decipher. For this reason, it may be advisable to consult a lawyer in determining what options are available under the insurance framework. It may be possible that you are entitled to further compensation and benefits under the specifics of your particular policy.

2.Severity of the injuries and future needs

It is vital that you seek out medical professionals to diagnose your injuries and who can provide a recommendation for how to treat your symptoms. It is also important to seek professional opinions to gauge the cost of medical treatment, the cost of assistive devices, and the cost of future care that you may need.

3. Issues of liability

The degree of fault that is assigned to you will impact the quantum of compensation you may be able to recover. It is important that evidence regarding liability, such as witness statements or surveillance footage, be obtained immediately after the incident. Do not wait to contact Grillo Law P.C. so that we can take immediate steps to acquire and preserve vital evidence for your case.

4. Duration of a lawsuit

Some cases can take years to be heard in court. While the lawyers at Grillo Law P.C. are always ready, willing, and able to advocate on your behalf, the delays inherent in our court system is a factor that must be taken into consideration.

As with all of our cases, it will ultimately depend on the evidence and the specifics of the case.

The lawyers at Grillo Law P.C. can highlight the pros and cons of settling at any stage of litigation. Our expertise in the industry makes us well-suited to provide advice on whether you should accept a settlement or proceed with your litigation. For this reason, seeking out the help of a lawyer from Grillo Law P.C. is highly advisable.

Learn more about our AB Claim Lawyer Services.