What Are the Dangers of Settling Too Quickly After a Truck Accident?

| Aug 13, 2020 | Personal Injury, Truck Accidents |

 

Few things are more terrifying than a large truck accident. The process can be made even more traumatic and stressful when you see the hefty medical bills with your name on them.

In order to get your medical expenses paid for after a truck crash, the trucking company’s insurance provider will offer you a settlement with the hope that you take it swiftly and without a counteroffer. However, keep in mind that there are dangers in accepting an early offer in the negotiation process.

Common Reasons Injury Victims Settle Early

We understand that there are many valid reasons why injury victims would think that it’s a good idea to settle quickly, such as:

  • You want to move forward with your life. The truck crash was already traumatic enough, and the last thing you want to do is worry about a drawn-out insurance battle.

  • You are afraid they will withdraw their offer. Insurance adjusters will use sneaky tactics to make injury victims believe that they only have a certain time frame to accept the offer before it’s off the table completely.

  • The adjuster has told you that it’s the most you will get. Insurance adjusters are notorious for offering a settlement as low as they believe the claimant will accept.

Calculating Total Damages

Remember, insurance companies are not working on your side. Instead, their primary goal is to maximize profits by devaluing claims and offering low settlements. There’s no going back to fight for more compensation once you sign the paperwork and accept.

If you accept an offer that is lower than your total damages, including future medical expenses and lost wages, you may be left with out-of-pocket expenses when your award amount runs up.

Because of this, it is crucial that you obtain the help of a seasoned truck accident attorney who can calculate your total past, present, and future, damages and negotiate with the insurance company on your behalf.

Get a Skilled Legal Advocate in Your Corner

If you are injured in a commercial truck accident, you should not hesitate to pursue full compensation for your damages. For over 30 years, the trucking accident attorneys at The Law Offices of Tyler & Peery have dedicated their careers to helping injury victims obtain the compensation they need and deserve.

Our legal team is not afraid to stand up against powerful insurance companies and will fight hard for justice on your behalf.

Contact our San Antonio injury attorneys at (210) 774-6445 to get started on your case today. We offer free case evaluations and are available 24/7 to take your call.