What should I do if an insurance company offers me a settlement?
If you receive a settlement offer from the insurance company shortly after your bicycle accident, speak at once with an experienced bicycle accident attorney. The attorney can review your settlement offer. The settlement offer from the insurance company rarely represents the full compensation you need or deserve. The offer is rarely the maximum amount of compensation the insurance company may be willing to offer.
The insurance company is relying on your need to pay bills soon after your accident. The company wants you to accept cash now, so that they can limit the amount of money they are obligated to pay you. An attorney can advise you as to whether a settlement offer is full and fair compensation for your injuries and damages. The attorney can potentially negotiate with the insurance company on your behalf to obtain a fairer settlement offer.