Why Does the Insurance Company Try to Settle?

Why Does the Insurance Company Try to Settle?

If you have been injured as a result of a car accident caused by negligence, it's important to understand what comes next and what to expect. One of the more difficult aspects following a car accident comes in the form of dealing with the insurance company.

Not many people truly understand what the insurance company is all about and their role in these cases. However, it's important to know that one thing they may try to do is offer a settlement in lieu of going to trial. This is done for many reasons, but most of all, it's the insurance company's attempt to protect their profits.

They Want to Avoid the Expenses of a Trial

The insurance company knows you don't want to incur the expenses of a trial, but they don't want to either. Trials can be expensive, so offering a settlement with hopes that you will accept it means they pay out an amount they deem as fair and they don't have to deal with additional legal expenses.

They Don't Want the Negative Exposure

Cases that go to trial can have more spotlight than others. This is why you don't often hear about different injury-related car accidents unless something else is involved. However, by going through the settlement route, the insurance company can get through the matters quickly without much information getting out.

They Want to Pay You Less than You Deserve

Insurance companies often rely on the fact that accident victims are already dealing with physical, emotional, and financial hardships. They don't want to deal with legal matters too. So the insurance company offers a quick settlement with a relatively lower amount than the victim may obtain by going through trial in hopes that the victim accepts to end the process quickly.

Knowing which option is best for you can help you make the right decisions as you navigate the legal process. Before accepting or declining a settlement offer, you should speak with a lawyer who can help you understand what to do next and how you can benefit.

At Easley & Houseal, PLLC, we have experienced and dedicated Arkansas car accident lawyers who have nearly 60 years of combined trial experience. We know how to help seek the maximum compensation to which you're entitled and protect your rights along the way.

Call our firm today at (870) 330-0015 to discuss your potential case.

Categories:

Contact Us Today!

All Consultations are Free and Confidential
    • Please enter your name.
    • Please enter your name.
    • Please enter your email address.
      This isn't a valid email address.
    • Please make a selection.
    • Please enter a message.