Nov 11, 2012: Settling with the Insurance Company
If you have suffered any personal injury, it's generally NOT wise to deal with the other side's insurance company. You certainly shouldn't settle your claim without talking to a lawyer who practices personal injury law. When the insurance company offers a settlement, you may not realize how many issues there are to be considered.
- Do you know how serious your injuries really are?
- Will you need long-term medical care or rehabilitation?
- How much will you have to reimburse to your own insurance company or employer health plan?
- How much money is usually recoverable by persons with similar injuries?
Without a lawyer, you won't have any idea of what you may actually be entitled to recover. Whenever the other side's insurance company gets involved and offers to settle, it's very important for you to have someone on your side who understands the rules and standards for settlements in cases like yours.