After getting into a car accident that occurred due to someone else’s negligence, you are eligible to seek financial compensation from the at-fault party. Since you may sustain physical injuries, damage to your car, and pain and suffering, filing compensation within the statute of limitation is vital. 

However, after you file a car accident claim, the insurance company will investigate the fault and compensation amount. Once the investigation is complete, the insurance company rolls out a settlement offer. Note that you should only speak to the insurance adjuster or, in fact, any person from the insurance company under the guidance of a lawyer. You can click here to know more!

Is The Settlement Amount Sufficient?

After you receive the first settlement offer, you should allow your lawyer to review it. A lawyer will calculate the average amount you should expect to cover your expenses. Depending on that, your lawyer will help you decide whether the amount is sufficient. Some of the common expenses that you should consider before accepting the settlement amount: 

  • Your past and future medical costs. 
  • Property damage. 
  • Pain and suffering. 
  • Mental anguish. 
  • Lost wages. 

Your lawyer will negotiate. 

After reviewing the settlement offer, your lawyer will negotiate with the insurance company on your behalf. During the negotiation process, the lawyer will demand an average amount that you are entitled to receive, adding all the evidence to support the amount in demand. 

All the process is done either in written or oral. The insurance company will review your offer and may provide a counter offer. Suppose your lawyer and the insurance company come to a mutual settlement of a specific amount for your compensation. In that case, the insurance company will ask you to sign the document which claims that you have accepted the settlement offer, and you will be no longer eligible to file for compensation again. Once you sign it, you do not need to take your case to court. 

However, you can take your case to court if the negotiation process fails and the insurance company does not offer the demanded amount. You should note that if you take your case to court, you have to provide evidence that will help prove that the amount you are demanding includes all your past and future expenses related to your injuries and damages from the car accident.