Should I Accept the Insurance Company’s First Settlement Offer After a New Mexico Truck Accident?
At the Law Office of Samuel I. Kane, P.A., our Las Cruces truck accident attorneys know that when someone is hurt in a traffic collision with a semi-truck, the negligent party’s insurance company is going to reach out to the injured person right away.
They do this for several reasons, with the first being to manipulate the injury victim’s statement, so they take some responsibility for the accident, so they do not have to pay. When insurance companies are unsuccessful in denying injury claims altogether, they will present a less than adequate settlement to make the claim quickly go away.
When injury victims begin to feel the financial strain from mounting medical bills and monthly expenses, any settlement may seem like a welcome relief.
Unfortunately, these proposed settlements will come long before the injury victims know the extent of their injuries or the complete financial compensation they deserve.
If a New Mexico insurance company presents an initial financial settlement offer to you or your injured family member, you can rest assured that amount is designed to preserve their bottom line — not to return you to the quality of life you deserve.
Never accept an insurance company settlement without first knowing your rights and the actual financial compensation you are entitled to.
Contact Our Experienced Truck Accident Attorneys In Las Cruces, New Mexico
Truck accidents often lead to severe and even catastrophic injuries that require long-term or life-long medical care.
When the insurance company approaches you with an initial settlement, they are doing so to avoid paying the complete financial compensation you deserve.
When you partner with our experienced Las Cruces truck accident lawyers, we will explain:
- How much compensation you need to get complete short- and long-term medical care
- Each factor that influences your total settlement amount
- The negligent party’s insurance policy limits
Our skilled truck accident attorneys will review your complete financial losses, and whether you can return to work due to your injuries, to include your lost wages as part of the calculation.
What Happens If You Accept the Insurance Company’s Initial Truck Accident Settlement Offer?
When an insurance company presents a quick settlement offer, it may seem like a substantial amount while you are still recovering.
Should you agree to the initial settlement, you will sign a contract that relieves the insurance company of any future financial liability.
Simply put, if you agree to a settlement for $10,000, the insurance company will send you a check for that amount after the agreement is finalized, signed, and processed.
As you continue to seek medical care, you may begin to realize that your long-term care is going to cost $50,000 or more. Unfortunately, since you have already accepted the offer, it is too late to pursue the additional costs. That means you are going to be held accountable for paying those expenses out of pocket.
You will no longer have the right to ask for further compensation for your injuries.
When you consult with our truck accident lawyers in Las Cruces before accepting an insurance company’s first offer, it will allow our skilled attorneys to evaluate your complete financial needs and negotiate a higher settlement.
You deserve to pursue a settlement that reflects the full value of your injuries and other damages, and we can help get you there effectively.
Contact our New Mexico truck accident attorneys at the Law Office of Samuel I. Kane, P.A. today at 575-222-0472 to schedule a free consultation to learn about your right to pursue the best financial recovery available for your unique accident and injuries.