This is a very common question, one we hear probably more often than any other question. You’ve been in a car wreck and the insurance company has offered you a settlement (often before you talk to an attorney) and you wonder if it’s a fair and reasonable offer. It may seem like a lot of money… it may seem like not nearly enough, but how can you know if it’s fair? And more importantly, how can you know if you’re leaving money on the table?
More often than not, if you haven’t spoken to an attorney and have them fighting for your rights, you are NOT going to get the insurance company’s best offer.
Most insurance companies have a policy to make a low offer until you file a lawsuit
The first offer is almost never the final offer, and most insurance companies won’t give you an actually reasonable offer until you have hired an attorney to represent you in your case and moved forward with legal action.
The adjuster’s job is to give you the least amount that they can. They aren’t going to take into account any missed time from work, out of pocket expenses, and other things that an experienced attorney can help you be fairly compensated for. Make sure an attorney reviews ALL of your case details to ensure you are getting the maximum available.