Why You Should Never Accept an Insurance Adjuster’s First Settlement Offer

But if you’ve never gone through this process before, it’s important to know the major details before signing away on a first settlement offer. In most situations, the insurance adjuster will offer a seemingly high amount of money in order to put the matter to bed and prevent you from pursuing legal action. However, it’s very important to understand that accepting this first offer means that you will not be able to collect any other recovery money in the future to pay for things like ongoing physical therapy, future surgeries or anything else that may be needed as a result of the injury. Here is why you should never immediately accept an insurance adjuster’s first offer.

Insurance Adjusters Only Offer a Fraction of Your Overall Expenses

First, it’s important to understand that an insurance adjuster’s only goal is: to save money for their company.

They will do everything possible to resolve the issue quickly, offering the least amount of money to the victim as possible. That’s why it’s important to avoid any initial settlement offers from insurance adjusters before speaking to an attorney first. To better understand what expenses could result from a long-term injury, here is an example:

Example 1: Auto Accident Case

In this auto accident case, our plaintiff had been in an accident where she was a passenger who was impacted twice, resulting in several fractures throughout the body. Due to the injuries sustained and the severe pain she was in, she was required to miss nearly four months of work and had accrued more than $160,000 in medical expenses.

See how Cohen & Cohen helped this accident victim resolve the case for $295,000.

Example 2: Premises Liability Case

In this premises liability case, our plaintiff (a grandmother) suffered from a series of injuries as a result of an oily substance on the floor of a repair shop she took her car in to be worked on. She experienced injuries, such as a tear in a tendon in her left shoulder, several disc herniations, a meniscus tear, numbness in her finger and depression. Her medical bills alone resulted in $95,000.

See how Cohen & Cohen helped this premises liability victim resolve the case for$350,000.

Next Steps: Contact a Personal Injury Attorney

At Cohen and Cohen Law, we’re committed to fighting for your personal injury case and getting you the most money possible. If you’ve experienced a personal injury and would like to speak to a personal injury attorney, contact us today to set up your free evaluation.