Why shouldn’t I just accept the trucking company’s insurance settlement?

The aftermath can be overwhelming when you’re involved in a truck accident. You might be tempted to accept a trucking company insurance settlement quickly, especially if you face immediate financial pressures from medical bills and lost wages. However, there are several compelling reasons to think twice before accepting an offer from the trucking company’s insurance without careful consideration.

Keep reading for more from our Murfreesboro truck accident lawyers, then call (615) 632-6907 to schedule a free consultation.

Understanding the full impact of your injuries

Initial offers may not cover all damages

Trucking companies and their insurers often aim to minimize payout amounts. Initial settlement offers may not fully account for the true extent of your injuries and long-term needs. These offers rarely cover ongoing medical treatment, long-term care, or unforeseen complications that can arise from severe injuries commonly associated with truck accidents.

Comprehensive evaluation takes time

Understanding the full medical impact of your injuries before settling is essential. This often requires a comprehensive evaluation and sometimes a full recovery period to know the lasting effects. Settling too quickly might leave you without the necessary funds if later you find your injuries are more severe than initially thought.

Legal rights and settlement negotiations

Legal representation can maximize your settlement

Having experienced legal representation can significantly change the outcome of your settlement. Personal injury lawyers skilled in dealing with trucking company insurance settlements can negotiate more effectively on your behalf. They understand the tactics used by insurance companies to lowball offers and are prepared to counteract these strategies to secure a fair settlement.

Understanding Tennessee Law

Under Tennessee law, you can be compensated for all losses, including physical, emotional, and financial hardships resulting from the accident. Tennessee follows a modified comparative negligence rule, as found in Tennessee Code Annotated 29-11-103, which means that your percentage of fault can reduce your compensation. An attorney can help ensure that the fault is accurately assessed and that the settlement reflects this proportion correctly.

The role of legal advice

Professional legal advice Is crucial

Legal advisors can provide crucial insights into the adequacy of a settlement offer. A lawyer can review the specifics of your case against current Tennessee laws and relevant precedents, advising you on whether to accept the settlement or negotiate for a better offer. Furthermore, if the case needs to go to trial, having a lawyer familiar with your case from the start can be beneficial.

Potential risks of accepting the first offer

Once accepted, you cannot claim further compensation

Accepting a settlement offer typically requires you to waive your right to seek any further compensation related to the accident. This can be risky if your injuries lead to additional health complications or if you discover damages to your property that were not initially apparent.

Consider all factors before accepting a settlement

Accepting a trucking company insurance settlement without thorough consideration and legal advice can result in insufficient compensation for your injuries and losses. Before agreeing to any settlement, it’s advisable to consult with a personal injury lawyer who can evaluate the offer, guide you through your options, and help negotiate terms that truly cover your needs.

At Weir & Kestner Injury Lawyers, we are committed to ensuring that our clients receive the full compensation they deserve, reflecting both immediate and long-term impacts of their injuries.