The first insurance offer may not be enough

When you get into an accident, it can be easy to feel overwhelmed. So many people will be telling you what to do. You lawyer, your family, your doctor and your insurance company will all be trying to influence your actions.

While it can be difficult to understand what is best, don’t let companies pressure you because of their own interests. Especially when you are dealing with insurance, it’s important to understand that the first offer likely won’t be enough to cover your actual expenses. Here are a few reasons that you should wait to sign a settlement offer.

Delayed injuries

After an accident, it’s possible that you may not know the full extent of your injuries right away. Often, we see delayed symptoms which can signal a deeper issue, including:

  • Whiplash
  • Brain or spine injuries
  • Herniated discs
  • Soft tissue injuries
  • Internal bleeding
  • PTSD
  • Concussion

If you take the first insurance settlement offered, it’s possible that these injuries will show up and you will not be able to get compensation for them and the medical bills that come with.

Hidden damage and expenses

It can take some time to understand how an accident can affect your life. Especially if you have serious injuries, your life may change. You may have to take time off work, causing you to lose wages. If you have extra appointments like physical therapy or meetings with your insurance adjuster, you may spend more money on gas than you typically would.

There may also be damages that you don’t realize until later. This is often underlying issues with your vehicle caused by the accident but not immediately visible. If you settle too early, you won’t get compensation for these expenses.

Insurance likely won’t give the best offer first

Remember that your insurance company is just that, a company. The adjuster they send to assess injuries and damages works to save the insurance company money. They will likely try to get you to settle your claim early with a low first offer. Don’t let insurance adjusters pressure you into taking a first offer when you’re not positive it’s what is best for you.

While you may just want to move on from your accident, doing so too quickly may not be in your best interest. Talk to people who are looking out for you and make sure you fully understand the effects of an accident on your life.