Accepting Insurance Money for an Accident

There are many different “correct” answers to this question but it really asks for more information before it can be properly answered. If you have been injured in an accident and/or your property has been damaged in an accident, it may be in your best interest to discuss your situation with a lawyer who knows how to defend the rights of victims of the kind of accident you were in. The sooner you discuss your situation with a lawyer who is familiar with helping people who have been in situations that are similar to yours, the sooner you will likely be able to make more informed decisions about the answer to this question and many more.

Insurance Companies

Insurance companies can be very helpful to people when it comes to paying for damages that are the result of accidents but insurance companies can also make it very difficult for accident victims to get the full amount of compensation that they are entitled to and deserve. Insurance companies are notorious for trying to get away with paying for as little as they possibly can even though someone who is sick or injured needs it and is entitled to it. Most major insurance companies are powerful organizations with extensive resources that are dedicated to curbing their costs. A prime way they do this is to try to get out of paying the full amount accident victims are entitled to. In addition to doing this, many insurance companies will not entertain paying accident victims for things such as potential, future medical expenses.

These and many other reasons, often warrant the need for accident victims to enlist the help of a personal injury attorney in order to get the compensation they deserve.

Accepting Insurance Money

Depending on your particular situation, it may or may not be in your best interest to accept insurance money. When possible, it is a good idea to discuss your situation with a lawyer who is licensed to give legal advice for the kind of accident you were in, as soon as you can after the accident. It is especially good to have a lawyer on your side and for guidance on when or if it is the right time to accept insurance money.

A lawyer can help you to decide what is best for your particular situation but usually an insurance company’s settlement offer is not their only one. Many people feel that declining the initial offer or two will result in a higher amount of money being offered. Make sure to discuss your plans with someone who is authorized to give legal advice in your state because very often, agreeing to an insurance company’s settlement offer is also agreeing to be barred from taking any legal action against them and their client in the future.


The majority of personal injury claims involving insurance companies are settled before they reach the trial phase. A settlement is a compromise between the plaintiff and defendant(s). Even though neither party is typically satisfied with a settlement, many people see it as a better solution than going through a lengthy and costly trial with no guarantee of the outcome.

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