Is a Fast Personal Injury Settlement Possible?

Couple filling out paper work

If you have been seriously injured in a car or truck accident, you are likely feeling the intense financial squeeze of massive medical bills and lost wages from the work you have missed. In your situation, you want quick financial relief from your personal injury claim against the responsible party. Naturally, you want to know: is a fast personal injury settlement possible?

The answer is yes, a fast settlement is possible. However, this comes with some big warnings. To put it mildly, fast settlements work in the favor of insurance companies. Whenever a fast settlement has come to our attention, it has been overwhelmingly clear to us that the victim left money on the table.

Why do fast settlements work in favor of insurance companies? Because insurance adjusters know that most accident victims: (1) need money to cover their medical expenses and lost wages, and (2) don’t know how much their claim is worth. Insurance companies are for-profit businesses that aim to avoid liability or to pay out as little as possible. Therefore, if they make a fast, low settlement offer, they know that some people will agree and the insurance company will save a lot of money on the claim.

There are numerous reasons to press the pause button before accepting any settlement offer for your personal injury claim. This includes that the extent and impacts of your injuries may not become apparent until later. For example, whiplash, brain injuries, and spine injuries may all take time to become fully apparent. Also, it takes time to fully understand your medical diagnoses, whether you will need continued medical treatment, and what those expenses will look like. And finally, there are numerous types of damages allowed under the law, which you may entirely miss out on if you accept a settlement offer without a lawyer.

You are free to reach whatever settlement you want—it is your claim. But in doing so, you may be leaving a significant amount of money behind. We, therefore, urge you to speak with a personal injury attorney before accepting any fast settlement offer. An attorney can help you understand the types of damages you can claim and how much your claim could be worth.

Viloria, Oliphant, Oster & Aman L.L.P. is Here for You

If another driver has injured you in a car or truck accident, contact Viloria, Oliphant, Oster & Aman, L.L.P. Our award-winning attorneys have decades of legal experience and a track record of success. You have significant legal rights and may have a claim for financial damages. We work on a contingency fee basis, which means that we do not get paid unless you get paid. Call Viloria, Oliphant, Oster & Aman L.L.P. today at (775) 227-2280 to schedule a free case consultation or contact our office through our website.

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