It can be stressful dealing with insurance companies after an injury. Not only do they require a lot of paperwork, but sometimes the settlement they offer is so low that it wouldn’t even cover your initial medical costs. Here’s what a personal injury lawyer in Katy, Texas, recommends if you find yourself in this situation.
What Should You Do if an Insurance Company Offers a Low Settlement?
Firstly, know that you are not alone. Insurance adjusters often aim to minimize payouts, and so often lowball their initial offer. Do not sign any documents or make any statements without getting legal advice.
If an insurance company offers a low settlement, the first step is to remain calm and evaluate the offer thoroughly. Avoid accepting the initial amount without careful consideration, as insurers often start with a low figure. Gather all necessary documentation, such as medical records, repair estimates, and proof of lost wages, to support your claim. This evidence can help demonstrate the true value of your losses.
In cases where negotiations stall or the insurer refuses to budge, consulting an experienced attorney can be invaluable. Personal injury lawyers specialize in handling insurance disputes and can advocate for fair compensation on your behalf.
How Can a Personal Injury Lawyer in Katy, Texas Help?
A personal injury lawyer in Katy, Texas, can help you to fight back and get the compensation you deserve. When you review the offer with your attorney, they can evaluate whether it covers your losses, including medical expenses, lost wages, and pain and suffering. If the offer is inadequate, your lawyer can negotiate for a fair settlement or file a lawsuit if necessary.
It is common for insurance adjusters to make a low initial offer in personal injury cases, as they aim to minimize the amount that the insurance company will have to pay out. A competent lawyer can help you to negotiate with the company in order to get a fair settlement.