Why You Should Never Accept the First Insurance Settlement

people going over paperwork in front of a car accident

If you have ever been in an accident, you know that the aftermath can be stressful. You are dealing with damage to your vehicle, possible injuries, and the hassle of working with insurance companies. The last thing you want is to get low-balled on your settlement. But unfortunately, that is precisely what can happen if you accept the first offer from the insurance company.

Here is why you should never accept the first insurance settlement:

1. The Insurance Company is Not Your Friend

Car insurance companies are in the business of making money. They are not your friend and are not looking out for your best interests. While it is essential to have car insurance, you should be aware of the tactics that insurance companies use to minimize payouts.

2. They Will Try to Low-Ball You

Many car insurance companies operate on the principle of "low-balling" their customers when it comes to compensating them for damages. This means that they will offer you a settlement that is much lower than what your claim is worth.

Often, they will do this to save money and avoid paying out the total amount you are owed. If you are in an accident, it is important to be aware of these tactics so that you can protect yourself from being taken advantage of.

3. You Could be Owed More Money

Although it may be tempting to accept the money and move on, you could actually be owed more money if you negotiate for a higher amount. Before settling, be sure to consult with an attorney to get an accurate estimate of the damages you deserve. The insurance company's goal is to settle for as little as possible, so do not be afraid to ask for more than they offer. With a legal professional's help, you can ensure you get the total compensation you are owed.

Looking for a Car Accident Attorney in Tallahassee, FL?

If you have been in an accident and are looking to be compensated by the insurance company, it is important to know that you do not have to accept their first offer. In most cases, it is in your best interest not to do so. At Shapiro Law Firm, P.A. we have years of experience fighting for our clients' rights. We know how to negotiate with insurance companies to get you the full compensation you deserve.

If you've been involved in a car accident that resulted in injury, call us today at (850) 629-7226 or visit us online!

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