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Should You Accept a Quick Settlement Following an Auto Accident?

April 27, 2015

It's easy to make mistakes in the early stages following an auto accident which can cost you thousands of dollars down the road. One of these mistakes is agreeing to the first settlement offer the insurance company offers you. You may feel lucky that you are getting such a quick settlement offer, but many times the offer is quick because the insurance company is fully aware that you are entitled to more. Their goal is to settle the matter as quickly and cheaply as they possibly can, so beware of quick settlement offers and ask yourself the following questions before agreeing to a quick settlement.

Will the Settlement Cover All My Medical Expenses?

When you are considering the answer to this question, be sure to think long-term. In many cases it can take two to three months for final medical bills to reach you, so you probably don't even know at this point how much the total for your medical expenses will be.  I many situations the full extent of a persons injuries are not even known for months, and symptoms may worsen actually worsen over time.  Also, depending on the specific nature of your injuries, there may be follow-up appointments, future medications, or even future medical procedures that are a direct result of the injuries from your accident, but if you accept a quick insurance settlement, then you may not recoup all your medical expenses. Go over your medical issues carefully with your doctor, asking about the possible long-term effects of your injuries, as well as the potential costs.

Will I Qualify for any Additional Compensation?

When considering this particular question it is a very good idea to hire a personal injury attorney to guide you. Many times the attorney will be aware of other types of compensation you are entitled to that you are not aware of.  And did you know that if you settle wtih one party where multiple parties are responsbile, it may release all the parties from liablity depending on how the release is worded and the particular states laws that apply. It is a pretty sure bet the insurance company, which is attempting to get a quick settlement for your accident is also aware of other money you may be entitled to.  For example, you could be eligible for pain and suffering compensation or loss of income due to the accident. These are very real losses that you will have to cover if the insurance company does not, which is yet one more reason to be wary of a quick settlement offer.

Should I Hire an Auto Accident Attorney?

Experienced Personal injury attorneys are very aware of the typical tactics used by insurance companies, and are skilled at evaluating the true worth of your case and negotiating the very best settlement possible on your behalf.  Following an automobile accident of any significance, it is highly advisable to hire an attorney as fast as possible. This way your attorney can gather evidence that might be helpful to your case, conduct an appropriate investigation, and deal with the insurance company, and you won't feel pressured to accept a settlement which may not be fair. The ultimate goal of most insurance companies is to catch you at your most vulnerable and offer a settlement before you've had an opportunity to consult with an attorney. Resist the urge, speak to a knowledgeable Atlanta personal injury attorney, and avoid financial difficulties down the road. At Montlick & Associates we offer a free consultation to discuss your case, advise you of your legal rights, and explain whether you need an attorney and if so how we can help.

Put Our Law Firm's Over 38 Years of Legal Experience to Work For Your Auto Accident Claim

The experienced Atlanta car accident lawyers at Montlick and Associates are committed to helping injury victims recover the financial compensation they need to reclaim their lives.

Montlick and Associates have been representing those who suffer serious injuries throughout all of Georgia and in the Southeast for over thirty years, including but not limited to all smaller cities and rural areas in the state.

No matter where you are located our attorneys are just a phone call away, and we will even come to you. Call us 24 hours a day/7 days a week for your Free Consultation at 1-800-LAW-NEED (1-800-529-6333). You can also visit us online at and use our Free Case Evaluation Form or 24-hour Live Online Chat.

Category: Auto Accidents

Please Note:
Many of our blog articles discuss the law. All information provided about the law is very general in nature and should not be relied upon as legal advice. Every situation is different, and should be analyzed by a lawyer who can provide individualized advice based on the facts involved in your unique situation, and a consideration of all of the nuances of the statutes and case law that apply at the time.