Maximize Your Compensation: Why Settling for the Initial Offer May Cost You
Blog   |  October 18, 2023
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Maximize Your Compensation: Why Settling for the Initial Offer May Cost You

If you’ve been in a car accident in Tampa, Florida that wasn’t your fault, you may be in a rush to put the accident behind you, forget it, and move on with your life. Your insurance company and the insurance company of the other person in the accident would probably like you to forget about quickly. Big insurance companies might even try to pressure you into accepting a quick settlement, but it’s important not to rush into signing anything right away. Accepting an insurance settlement too soon could prevent you from getting full and fair compensation for your injuries and damages.

What's Next If You Don't Accept a Personal Injury Settlement Offer?

If you or someone you know has experienced a car accident, contact Kemp Law Group. We’ve recovered millions for our clients, and we don’t get paid unless you get paid. Call our team of Florida car accident injury lawyers at 727-847-4878today for a free consultation. Our award-winning track record proves that we are capable of handling your case and obtaining the compensation you deserve.

Don’t Let the Insurance Company Rush You

The insurance company’s goal is to close your claim as quickly and cheaply as possible. Within days of your accident, an adjuster may offer you a settlement amount. This initial offer is almost always lower than what your claim is really worth.

If you accept it, you’re giving up the right to pursue further compensation down the road. Your medical bills, lost wages, pain and suffering could end up totaling far more than that first settlement offer.

Why You Need Experienced Legal Representation

Having an experienced Tampa car accident lawyer on your side levels the playing field with the insurance company. Your attorney will handle negotiations for you, thoroughly investigate your claim, and fight to maximize your settlement. With legal guidance, you’re far less likely to leave money on the table from a mistake or sign away your rights.

What Happens If You Verbally Accept a Settlement Offer? | Bader Scott

The Reasons Why Having a Lawyer Helps:

They Understand Claim Value

How much is your particular injury claim truly worth? An experienced injury attorney knows how to accurately calculate the value based on the severity of your injuries, length of treatment, lost income, and more. Relying on the insurance company’s assessment often leads to settling for less than you deserve.

They Handle Negotiations

Insurance companies commonly use manipulative tactics to get you to accept a lowball offer. They may try to downplay your injuries, make you feel guilty, or deny liability entirely. An attorney serves as your strong advocate, negotiating firmly on your behalf.

They Investigate Thoroughly

Your lawyer will gather police reports, medical records, witness statements and other evidence to build the strongest case for compensation. The more documentation supporting your claim, the more leverage your attorney has in getting you a bigger settlement.

How a Lawyer Can Increase Your Settlement Value

Tampa car accident lawyer services aren’t just about avoiding getting shortchanged in your injury settlement. An experienced attorney actively works to increase your payout in multiple ways:

  • Identifying all liable parties – Other drivers, manufacturers, government entities, etc.
  • Calculating and proving all damages – Medical costs, property damage, lost income, etc.
  • Asserting your legal rights – Injury claims have time limits and strict procedures.
  • Proving negligence clearly – Using evidence to show the other party’s fault.
  • Negotiating aggressively – Fighting for maximum compensation for you.

Having legal counsel could mean the difference between settling for $15,000 vs. $50,000 or more. Their expertise often leads to exponentially higher claim values for clients.

Don’t Wait Too Long!

While it’s important not to rush into accepting an insurance settlement, you also don’t want to wait too long to make your injury claim. Florida has strict statutes of limitations that limit how long you have to take legal action and file a claim.

For personal injury cases, you no longer have four years from the date of the accident to file a claim. A recent law has changed this to two years. It’s best to contact a lawyer as soon as possible after the accident so they can start building your case while the evidence is still fresh. The longer you wait, the harder it may be to prove your claim and damages.

What to Know About Personal Injury Lawsuit Settlements

How a Law Firm Can Help You Recover Damages

If you or a loved one has been injured in a Tampa, FL car accident, the car accident lawyers at Kemp Law are here to help. With decades of combined experience getting injury victims fair settlements, we know how to handle insurance companies and maximize your compensation.

We conduct our own thorough investigation into how the accident happened and how it has affected you. We’ll handle the insurance negotiations so you can focus on recovery. Our goal is to take care of all the legal complexities involved so you don’t have to.

Don’t try to handle your car accident claim on your own and make sure you hire the best attorney for your case, you could miss out on the money you deserve to recover from your accident.

If you or someone you know has experienced a car accident, contact Kemp Law Group. We’ve recovered millions for our clients, and we don’t get paid unless you get paid. Call our team of Florida car accident injury lawyers at 727-847-4878today for a free consultation. Our award-winning track record proves that we are capable of handling your case and obtaining the compensation you deserve.

Frequently Asked Questions

1.     Should I accept the first settlement offer from the insurance company after an accident?

No, the first offer is usually significantly lower than the true value of your claim. An experienced attorney can help you negotiate a much higher settlement.

2.     How soon after a car accident should I contact a lawyer?

You should contact an attorney as soon as possible, even if you haven’t accepted a settlement. This allows them to start gathering evidence to build your case.

3.     How much time do I have to file an injury claim in Florida?

Florida’s statute of limitations no longer gives you 4 years from the date of the accident to file a personal injury claim. In 2023, this has been changed to 2 years. it’s best to act sooner to build the strongest case.

4.     What damages can I recover compensation for in a car accident claim?

You can typically claim damages for medical bills, vehicle repair/replacement costs, lost income, pain and suffering, and other accident-related expenses.

5.     Does it cost money to consult with a car accident attorney?

No, most reputable personal injury law firms like Kemp Law offer free initial consultations and case reviews. They work on a contingency fee basis.

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