It is never in your best interest to accept an insurer’s settlement offer following a truck accident. In most cases, it will be impossible to know the full scope of your damages in the hours or days following a crash. An attorney can help you take the time to investigate the crash and determine the true value of your injury claim.
Before you accept an offer or otherwise speak to the trucking company’s insurance provider, you can benefit from a discussion with a personal injury lawyer at Salamati Law.
In the aftermath of a truck crash, there is one underlying principle you should keep in mind– the insurance company is not your friend. While their adjusters or attorneys might be pleasant to talk to, their only goal is to minimize the amount of compensation they are required to pay you.
Avoiding these obligations is central to the business model of insurance companies. Paying everything they owed to injured drivers would cause a steep dip in profits. For that reason, trucking companies and their insurers will work to minimize your claim.
There are a few approaches the insurance companies might use to diminish the value of your injury claim. The first is by pursuing a quick settlement before you can speak to an attorney. Insurance companies know that most people do not have experience negotiating personal injury settlements. Insurers use that to make settlement offers that are worth far less than the claim’s true value.
Insurance adjusters also know that the stress of a truck accident is often highest in the hours or days following a collision. Many injury victims will be worried about their injuries and how they will pay their medical bills. A settlement from the insurance company might allay those fears—at least temporarily.
Often, insurance companies will reach out in the days following a truck crash to offer just enough money to pay for your emergency room visit or ambulance ride. They hope you will accept this offer before you realize the actual long-term costs of your medical care. It’s important to remember you only get one chance to settle your truck accident injury claim. If you settle it for less than it is worth, you cannot ask for more money later.
Personal injury settlements usually involve something known as a waiver and release. Before the insurance company pays you anything, they require that you sign a waiver. It states that you give up your right to pursue your injury claim any further which prevents you from filing a lawsuit after your settlement. A truck accident lawyer in Los Angeles can help with your case by negotiating on your behalf to ensure that this doesn’t happen.
The safest bet is to let an attorney from our firm assist you with negotiating any settlement offers from the insurance company. At Salamati Law, we are experienced with dealing with insurance companies while securing compensation for our clients. To learn more about how we can help, schedule your free consultation with a Los Angeles truck accident attorney today.