About Morgan Law Group

Should I Accept the Insurance Company's First Offer?

After an accident, many people just want to settle quickly and put the incident behind them. Insurance companies know this, and they will often use tactics to get victims to settle for less than they really need. If you have been injured by someone else’s negligence, you deserve the highest amount of compensation available.

While accepting the insurance company’s first offer may seem like the easiest option, it may backfire. We understand that, after an accident, it may be difficult to pay for medical bills or to even put food on the table. Filing a personal injury claim may be the only way you can seek financial relief to heal and move forward.

However, insurance companies will often try to avoid paying what you deserve. They will offer a low settlement, hoping that you’ll accept it and move on. If you do accept the first offer, you may have to pay for certain expenses out of your own pocket.

Signing an Insurance Release Form Lets the Insurance Company off the Hook

Once you sign an insurance release form and accept the offer, you will be unable to pursue more compensation later on. You are releasing the insurance company from any liability to pay more in the future. Thus, if your injuries turn out to be more severe than you thought they were, or the cost of property damage was higher than expected, it could leave you in a tough financial spot.

In order to protect your financial stability following an accident, you should avoid accepting the insurance company’s first offer. Instead, let our experienced Miami personal injury attorneys help you as you seek to negotiate a fair and just settlement. You should also wait until you reach the point of maximum medical improvement (MMI) before accepting an offer. This will help ensure you will receive adequate coverage for all your medical expenses, lost wages, and other damages.

Call The Morgan Law Group, P.A. Today at (844) 818-0774

If you have been injured by someone else’s negligence, it is important to seek aggressive legal assistance. At The Morgan Law Group, P.A., we have a track record of success, and are passionate about helping clients receive the compensation they need to recover after an accident. As Miami insurance claim lawyers, we know how insurance companies think, and will represent you tenaciously throughout the process.

Contact our firm today to receive a free consultation.