If you’ve been injured in a car accident or another type of personal injury case, you may be contacted by the insurance company with an offer to settle your claim. Sometimes this happens early in the process, even before your medical treatment is finished. It’s understandable to want closure and to move forward, but accepting a settlement too soon can have serious consequences.
When you agree to a settlement it bars you from further recovery in your case. This means that once you agree, your case is permanently closed. You cannot reopen it later if your condition worsens or if you discover additional medical problems related to your injuries. Insurance companies know this and sometimes try to settle early to save money at your expense. We have even seen situations where insurance companies attempt to lock down a low-ball settlement over a telephone call, even when no paperwork was signed or money actually accepted.
If you are still getting medical treatment, it’s important to understand that your doctors may not yet know the full extent of your injuries. You might need ongoing care such as physical therapy, surgery, or long-term rehabilitation. These future expenses should be included in any settlement, but they can be difficult to calculate if your treatment is not complete. A qualified Lexington SC Injury Lawyer can help coordinate with your medical providers to determine your long-term prognosis and ensure that all potential costs are accounted for before any settlement is accepted.
There’s also the issue of lost income, pain and suffering, and permanent impairment. These damages often increase as treatment continues. Settling too early could mean giving up significant compensation that you may rightfully deserve.
At the Law Office of James R. Snell, Jr., LLC, we represent clients in a variety of injury law matters including automobile accidents, workers’ compensation, slip and fall injuries, and wrongful death. Our team works with individuals and families throughout the Midlands who are recovering from serious injuries. Whether you’re searching for a Columbia SC Car Wreck Lawyer or an advocate for another type of injury claim, we provide free consultations and clear guidance on your legal options. We can help you determine when it’s the right time to settle and how to maximize your recovery.
If you’ve been offered a settlement while still receiving medical treatment, call our office today at (803) 359-3301 to schedule your free consultation. Same-day appointments are typically available.