An injury can change your life in many ways. Physical trauma is just one of the burdens you would have to manage after an accident. With mounting medical expenses and uncertainty about the future, that initial settlement offer might feel like a relief. But does it reflect what you have truly been through?
Quick settlements can leave you with less
Insurance companies often move fast to offer a payout, but that does not always mean the terms are fair. A quick settlement might seem helpful now, but it may not fully account for things such as:
- Ongoing or future medical treatment
- Time off work or reduced ability to earn
- Pain, suffering or long-term disability
Once you accept a settlement, the case is closed. You typically waive the right to seek more compensation, even if your condition worsens.
Know what your claim is worth
When you are under stress, physically and emotionally, it is tempting to take the first offer on the table. Many people settle early because of financial pressure. Others simply want to avoid the hassle of legal proceedings and move on with their lives. But settling too soon can leave you paying out of pocket for expenses that should have been covered by the at-fault party.
Before you accept an offer, take a moment to think about where you stand. Do you know the full extent of your injuries and what your recovery will look like? Have you thoroughly considered both your current and future medical expenses, time away from work and any lasting effects of your injury? Most importantly, have you consulted an attorney about what your claim may truly be worth? These questions can help protect you from walking away with less than you actually need.
A quick payout should not come at a long-term cost
While a swift settlement might feel like the easiest or even the only option, it can leave you with long-term financial burdens. Speaking with an Ohio personal injury attorney can help you make an informed decision about your legal options. They can carefully assess the full value of your claim and manage negotiations with the insurance company. If a fair agreement is not possible, your attorney can delay settlement discussions until you reach maximum medical improvement and take legal action when necessary. You deserve the time, support and guidance it takes to recover fully.