What Will Happen If You Decline An Insurance Company’s Offer?

You may be entitled to compensation if you are in a car accident. To obtain this compensation, you will likely work with the responsible party’s insurance company. By doing so, you can obtain compensation directly from them.

Sometime during the process of working with the responsible party’s insurance company, you will be given a settlement offer. This offer should help you deal with the damages, losses, and injuries you suffered. However, you only receive a settlement once. You cannot go back and ask for more money.

Going over what will happen if you decline an insurance company’s offer and speaking with a California automobile accident attorney at Maire & Deedon will allow you to obtain the best possible legal outcome.

Why Would You Receive An Offer From The Other Party’s Insurance Company?

You would be receiving an offer from the party’s insurance company for the reasons outlined right below:

1. The terms of the policy dictate that you are entitled to compensation.
2. The other party was liable for the accident you suffered.
3. The damages that occurred are significant enough to warrant compensation.

If the above is true, you are likely to receive an offer. Just because you receive this offer, though, doesn’t mean you should accept it. Not right away, that is.

What Will Happen If You Accept An Insurance Company’s Offer?

If you accept an insurance company’s offer, then the matter will end. This means that you cannot seek further compensation or pursue other compensation using alternate means.

For example, if you were in a nasty car crash and accepted an insurance company’s offer, then the compensation you receive from this offer is all that you can/will receive.

The above is true, even if, a few months later, you learn that the car accident led to a serious brain injury that you were unaware of. Even if the injury worsens, you will be unable to pursue further compensation.

What Will Happen If You Decline An Insurance Company’s Offer?

If you decline an insurance company’s offer, then you retain your right to seek compensation. You can seek this compensation by going through the legal system and working with an attorney who is familiar with these cases.

A good example of the above is as follows: you are in a terrible car accident that leaves you with a debilitating concussion. The offer you receive from the insurance company is good but, unfortunately, not good enough.

To obtain the compensation you are entitled to, you hire an attorney who knows how to navigate these matters. Your attorney writes a demand letter and, then, through further legal action, helps you obtain a much larger settlement.

The settlement you receive allows you to take care of all your medical expenses – including all future medical expenses – while also letting you deal with the bills that have piled up due to missed work.

If you decline an insurance company’s offer, you will have the ability to seek further damages. These damages may be far more aligned with your needs than the initial offer that the insurance company has made.

Speak With A Northern California Automobile Accident Attorney Today

If you were in a car accident and would like to obtain compensation, you may want to reach out to someone who can help. Speak with a Northern California automobile accident lawyer at Maire & Deedon, and we will help you obtain what you deserve.