If you were injured in a car accident, you’re likely anxious to get your settlement money so you can pay your medical bills, repair your vehicle, and catch up on your other accounts. If you get a quick settlement offer from the insurance company, it can seem very tempting to take it. However, rushing into a quick settlement may be a mistake you come to regret later.
Why You Shouldn’t Rush a Settlement
When you accept an auto accident settlement, you sign a document that releases the insurance company from further liability. Your car accident settlement value is generally final. If you find out later that you have additional injuries or expenses stemming from the accident, you will likely be unable to secure any more money for your accident.
Consider the following questions before accepting a settlement for a car accident:
Have You Reached Maximum Medical Improvement?
Maximum medical improvement (MMI) is the point at which your doctors say you have healed as much as can be expected. It is crucial that you wait until you reach MMI before considering a car accident insurance claim settlement. You will not know the full extent of your injuries and the cost of your treatment until you reach this point.
Is There Missing Evidence or Issues Proving the Facts of Your Case?
If you’re wondering how to get money from a car accident, you must identify all parties potentially liable for the accident. If critical evidence is missing, you may not be pursuing a claim against a party that may share in liability. For example, some third parties that may share in liability might include a government entity responsible for maintaining the road, an auto part manufacturer that sold a defective auto part, or an employer responsible for their employee’s negligence that caused a wreck.
Is the Settlement Full and Fair?
Before accepting a car accident lawsuit settlement, consider whether the offer fully and fairly compensates you for the damages you have suffered, including:
- Medical expenses you have already incurred
- Medical expenses you anticipate in the future
- Lost wages and future earnings
- Car repairs and property damage
- Pain and suffering
Some Signs You’re Being Rushed into a Settlement
Watch out for the following warning signs that the insurance company is trying to rush you into a quick and low settlement:
- Insurance adjusters act like your friend
- The insurance adjuster claims your medical treatment is unnecessary
- You are instructed to see a particular doctor or go to a specific mechanic
- The insurance adjuster minimizes your injuries or psychological harm
- You are asked to give a recorded statement or sign a medical release
How Ketterman Rowland & Westlund Can Help
If a negligent driver injured you, you deserve to be fully and fairly compensated for the injuries you sustained. Let the experienced car accident lawyers at Ketterman Rowland & Westlund help you pursue maximum compensation. We are one of the largest personal injury firms in Texas. We have the skills and resources necessary to determine the accurate value of your claim and fight for it. Contact us today for a free consultation to review your legal options.
Douglas D. Ketterman is the originator and founder of Ketterman, Rowland & Westlund where he currently serves as President and Managing Shareholder. Douglas has extensive experience in handling all types of civil litigation. He graduated with honors from St. Mary’s School of Law in 1989 and has been Board Certified as a Specialist in Personal Injury Trial Law since 1998 by the Texas Board of Legal Specialization.