How do you respond to a low settlement offer?

When you receive a settlement offer after a car accident, it’s important to assess the situation and determine whether the offer is fair. Consider your pain and suffering, medical bills, repair or replacement costs, lost wages, and any other types of damages involved. If you feel that the offer does not reflect the actual losses associated with your accident, then it is highly recommended that you hire a car accident lawyer to pursue negotiations that can potentially increase the settlement value. To learn more from a car accident lawyer in Indianapolis, call us today at Team Green Law.

Can settlement offers be negotiated?

Yes, settlement offers can be negotiated after a car accident. It is important to contact a car accident lawyer in Indianapolis as soon as possible if you’ve been injured in an accident. They will know how to pursue a settlement for your case and respect your best interests throughout the process. Give us a call at Team Green Law to learn more.

It is important to keep in mind that most insurance companies are not interested in giving the highest settlement offers. They will typically lowball you with an offer that is significantly lower than what your case is worth. This is why it’s so critical to have a car accident lawyer on your side who can advocate for you.

How do you formally reject a settlement offer?

If you wish to formally reject a settlement offer after a car accident, it is important that you do so in writing. This increases the likelihood that your rejection is clear and unambiguous and helps protect both parties from any misunderstandings regarding the offer. It is strongly recommended that you hire a car accident lawyer to assist with this process and begin to negotiate on your behalf.

It is also important to be aware of the statute of limitations applicable to your case before formally rejecting a settlement offer. In Indiana, you have 2 years from the date of your accident to file a lawsuit, and only 180 days to submit notification if the claim is against a government entity. If you reject an offer and fail to file a lawsuit within the allowed timeline, you may be barred from seeking compensation for your losses.

When should you accept a settlement offer?

The answer to this question depends on a number of factors, such as whether your medical treatment has been completed, the severity of your injuries, the amount of your medical bills, and the other driver’s insurance coverage to name a few. In most cases, a settlement offer should not be accepted without first consulting a car accident lawyer. They can assess your case and determine if it is in your best interest to accept the offer or negotiate a higher amount. In many cases, a settlement offer may be too low to adequately cover the costs associated with an injury. A car accident attorney can help you pursue fair compensation for your injuries and damages. Call Team Green Law to schedule a free case review.

Can I change my mind on a settlement offer?

Once an offer has been accepted, verbally or written, the agreement becomes legally binding. In addition, if a release from the insurance company is signed your ability to change your mind or attempt to renegotiate the terms of the settlement agreement becomes even more difficult. That is why, if you have any doubts, it is best to consult with a car accident lawyer prior to accepting or signing any documents.

What happens after you accept a settlement offer?

After you accept a settlement offer relating to a car accident, you or your car accident lawyer will review all documents produced by the insurance company. Once satisfied with the documents, you will execute the documents and submit them back to the insurance company so payment can be issued in accordance with the settlement agreement. The settlement proceeds will then be used to pay outstanding medical bills, insurance companies that paid medical bills, or lost wages related to the accident and provide you with your portion of the settlement for your injuries and pain and suffering. If you hired a car accident lawyer, they would also receive their fee and be reimbursed for any expenses advanced on your behalf from the settlement proceeds.