Should I Accept the Insurance Adjuster’s Settlement Offer for My Car Accident Claim?

Before accepting the insurance adjuster’s settlement offer for your car accident, there are several important factors to consider.

When you file a claim after a car accident, the insurance company will investigate your claim and verify it against the injuries sustained and damage to the vehicle. Next, they will likely send you the first settlement offer in writing. This offer will specify the amount the insurance company has agreed to pay for your damages – the full claim, a part of it, or nothing at all. The vehicle damage claim is separate from the claim for injuries sustained and loss of wages, so you may receive two separate offers.

Before accepting the insurance adjuster’s settlement offer for your car accident, there are several important factors to consider.

insurance adjuster holding out a pen to sign a car accident settlement

The Initial Offer is Generally Low

If the initial offer from the insurance adjuster is too low, you have the option of accepting the offer, rejecting it, or negotiating a higher amount. The first offer is generally low, as the adjuster wants to save the insurance company some money and has the authority to negotiate a final settlement amount. Whether the initial offer is low or not will depend on your personal case.

An ideal settlement amount should compensate for the vehicle damage and the medical expenses incurred. If you have sustained an injury with lasting effects or a disability, the compensation should include your future expenses. You should keep an account of the money that you have already spent. This will help you evaluate whether the offer is low or not.

Understand Your Insurance Policy

The next important thing is understanding your insurance policy as well as the insurance regulations of your state. If your bill amount is higher than the coverage of your insurance policy, the offer will almost certainly be low, possibly around the maximum limit of your insurance coverage. You should also pay attention to the fault liability stated by the insurance company. Insurance adjusters, in many cases, overstate the amount of fault so that a deliberately low first offer seems justified.

Before accepting an offer from your insurance adjuster, it is a good idea to speak with an experienced car accident attorney. Your attorney can assist you by helping you determine the amount of compensation that will be necessary for both present and future expenses. Many times, the negotiations involved in these cases are complex. Having the assistance of an experienced attorney who deals with these claims regularly will increase your chances of recovering the compensation you need.

Speak With a Car Accident Attorney Before Signing Anything

If you or a loved one have been injured in a car accident, contact a St. Louis car accident lawyer at The Hoffmann Law Firm to discuss your case before you speak with any insurance adjusters! We have over 20 years of experience and have successfully handled thousands of cases involving St. Louis automobile accident claims. Call (314) 361-4242 for a free case evaluation!

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Updated: January 25, 2024