/ Blog/ Should You Reject a Low Settlement Offer?
After an injury, you’ll most likely be awaiting an insurance settlement for your losses. You dutifully submitted your claim, with all the requested documentation, and then waited patiently for the insurance company to get back to you.
But what if the settlement offer is too low? Maybe it doesn’t cover all your expenses and lost wages, or maybe you’ve experienced a lot of pain and they’ve offered nothing for your pain and suffering. Do you have to simply take whatever the insurance company offers?
Not necessarily. There are two important things you should know about insurance settlement offers.
They have nothing to lose and everything to gain by this practice. For all they know, you’ll accept the lowball offer and move on. If you don’t, they’ve given themselves room to negotiate.
If you feel the settlement you’re offered is too low, you absolutely should refuse it. Contact an injury lawyer and discuss your matter.
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