After an accident, you need all the help you can get to recover from your damages and return to your life, if possible. Unfortunately, insurance companies don’t always respect how important a proper settlement is to you.

It’s an unfortunate truth that insurance companies are for-profit businesses, and profits are their priority. As such, you can expect a lowball offer when you first file, and you may find yourself asking, “How do I respond to a low settlement offer from an insurance company?”

Contacting our team at Craig Swapp & Associates can get you the help you need to deal with this problem. Call us soon for a proper estimate of your claim’s value and help fighting for what you’re owed.

You Don’t Have to Accept

First, it’s important to note that just because the insurance company makes the offer and claims it won’t go any higher doesn’t mean you’re obligated to accept. If you accept the offer, you are essentially agreeing that the settlement covers your expenses, and that’s rarely the case.

Don’t let the insurance companies bully you into accepting an absurdly low offer. While you may have to move quickly—the statute of limitations is four years for Utah personal injury lawsuits—you need to make sure you’re getting a settlement that will actually help you. We can help you do that.

Calculate What Your Settlement Is Worth

But how do you know if the insurance company is lowballing your settlement? First, keep in mind that your damages can go beyond the initial expenses of your accident, such as medical expenses and car repairs. Your damages can also include intangible and future losses, which the insurers may not take into consideration.

For example, you could have several non-economic damages, such as the following:

  • Emotional trauma
  • Pain and suffering
  • Loss of companionship

These may not be as easy to measure as a spinal injury, but they can negatively affect you. For example, post-traumatic stress disorder (PTSD) can manifest weeks after your accident and leave you struggling to keep up the life you once had, even if there’s not a more visible injury.

Speak with an attorney before you accept the insurer’s first offer. You may find that you’re entitled to much more than what you’ve been offered.  

Call Our Firm for Assistance

Dealing with insurance companies can be intimidating. We expect them to cover us when we need it most, and when they don’t do that, it can be disheartening and frustrating. When you need to fight them or even file a lawsuit, you may need Craig Swapp & Associates to help you.

We regularly help those who come to us needing to know how to respond to a low settlement offer from an insurance company. Unfortunately, without a proper estimate, you could lose the opportunity to get the compensation you truly deserve.

Don’t let this happen to you. Instead, give us a call at 1-800-404-9000 or fill out the online contact form below to schedule a free consultation.