After sustaining injuries in a car accident, it is natural to feel overwhelmed and uncertain about the next steps.
One of the decisions you will face is whether to accept the initial settlement offered by the insurance company. While it may seem tempting, there are compelling reasons to think twice before agreeing to it.
1. Incomplete assessment of injuries
Immediately after an accident, the full extent of your injuries might not be apparent. Accepting the first settlement offer too hastily can result in inadequate compensation for your medical expenses, ongoing treatment and potential future medical needs.
2. Unforeseen long-term consequences
Car accident injuries can lead to long-term consequences that may not be immediately evident. Complications, such as chronic pain, the need for specialized medical care or long-term rehabilitation, can arise months or even years after the accident.
3. Loss of income and earning potential
Injuries from a car accident can result in missed workdays and, in some cases, a diminished capacity to perform your job. Lost income can have a significant impact on your financial stability. Moreover, if your injuries lead to a reduced earning capacity or disability, you could face a lifetime of financial hardship.
4. Uncovered non-medical costs
Car accident injuries come with various non-medical expenses that the initial settlement may not cover. These may include property damage, transportation costs for medical appointments and home modifications to accommodate your injuries.
In 2019, 269,031 people sustained injuries in California car accidents. While some injuries may seem minor, taking the time to assess the full scope of your injuries and their long-term implications helps ensure that you receive fair compensation for challenges you may face down the road.