Drayton D. Berkley Trucking Accidents Law Blog on Lawyers.com

Accepting a Settlement in an Accident

Wednesday, August 26, 2009 by Drayton D. Berkley

Accepting a Settlement in an Accident

If you, or a loved one have recently been the victim of a car accident or a Memphis tractor trailer accident you are likely researching your legal options. Perhaps the most important thing to remember, following any type of accident, malfunction, malpractice or other type of negligence is to speak to an attorney before speaking to the insurance company.

Avoid Speaking to Insurance Representatives

Most insurance companies attempt to settle claims as quickly as possible in order to shorten the window of time the victim has to file a lawsuit. Once you have accepted a claim the insurance company is no longer indebted to you. Hastily accepting a claim is generally a very costly mistake.

Oftentimes an insurance company will be making settlement offers before the full scope of injuries is even defined. For many victims mounting medical bills are enough to convince them to settle quickly rather than wait for the insurance company to agree on a more reasonable settlement. This is a huge mistake. Keep in mind that insurance companies are multimillion dollar companies that remain viable by paying the bare minimum when it comes to settlements. Turning to an experienced attorney, at this time, is in your best interest. He or she will be able to guide you through the legal process.

Consult an Attorney

By consulting an attorney immediately you will be able to begin building your case. Once you have built your case, you and your attorney will be able to determine the amount of compensation to which you are entitled. This information is very important to have before beginning any settlement negotiations. Once you know what your case is worth; you and your attorney will work together to reach an agreement with the insurance company. Your attorney will do most of the communicating ensuring that the negotiation is fair and your case is not compromised.

This article was provided courtesy of the Berkley Law Firm PLLC, 877-224-1131, www.berkleytruckinglaw.com.

81 Monroe, Ste 400
Memphis, TN 38103

Posted at 16:30 PM

Topic: Trucking Accidents