Friday, July 17, 2009

Our Family Was Involved In an Auto Accident, and the Insurance Company Wants To Write Us a Check

When a family is involved in an auto accident, there is always what seems like a never ending amount of paperwork to be filled out, and the legal matters can get extremely confusing in the best case scenario. If your family has been injured due to the actions of another party, you are able to sue that party for the financial damages incurred by your family, which includes both lost wages and medical expenses.

There are several things that may happen after you start pursuing damages sustained in an injury. One of those things is that the insurance company may offer to pay you a settlement immediately in order to waive any future financial responsibility in the matter. However, this is a very large mistake, and you shouldn't allow yourself to be pulled into this trap that the insurance companies have laid for you.

The reason that this is a trap is that it can take many months for doctors to fully assess the extent of an injury, and to decide how your ultimate prognosis might affect your ability to work in your chosen profession in any way. All these factors can affect the amount that you would ultimately be owed, so the strategy of the insurance company is to pay you a large upfront some in order to save themselves money in the long run in case more damages are assessed or your injury is discovered to be be greater than was previously imagined. This can lose you a great deal of money in many cases. In any case, no matter the amounts involved, never accept a settlement without consulting with an auto injury attorney at the very least, in order to make sure that you are accepting a fair amount, or if you are actually going to be entitled to much more money in the long run.

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