Paying for your car insurance each month can feel like a waste of money: you’re paying someone else to keep your car financially safe in case something happens.
But when that car accident does arise, is it always the best idea to settle with your car insurance or should you take the matter to court? Here are the pros and cons of settling on car accident insurance.
Reasons Most People Settle
The majority of people choose to settle because they don’t want to go through the hassle or the cost of taking their case to trial. However, most times, these people are settling for less than they should actually be receiving.
In order to ensure that you’re getting what you deserve, you should seek the counsel of car accident lawyers who provide diligent legal representation to help you make the best decision for you and your interests.
Pros of Settling
One of the main reasons people may choose to settle with their insurance company is because they suffered a personal injury in their car accident. It can make things much easier for you to focus on healing instead of all the paperwork you have to go through, as well as minimizing the stress of the situation.
Another benefit is that settling will result in receiving your check much faster in the mail. That means that you can skip the hassle of going to court
A third advantage of settling is that if you chose to go to court and lose your case, you won’t be compensated in the end. That’s a risk that you run when choosing between setting or going to court.
Cons of Settling
Settling may seem like the easiest choice, but there are reasons you shouldn’t. Insurance companies usually offer the lowest settlement at the beginning. This is because they expect most of their customers to just take the offer so that they can move on with their lives. However, the best idea would be to reject the offer and negotiate. In most cases, insurance companies will increase what they’re offering in order to avoid going to court. That’s why settling on the first offer is a bad idea because you end up missing out on a lot of money.
Getting Legal Help
In the event that you don’t want to accept any settlements from your insurance company, then it’s a good idea to consult with an attorney to prepare your case for trial. This is to paint a complete picture of your injuries and damages without having to do all of the work by yourself while also dealing with any injuries you’re enduring.
Whether you decide to go to trial or settle with your insurance company is entirely up to you, but it’s important that you know what you’re getting into beforehand. Weighing your options is essential so that you can have the best outcome with the least amount of hassle. Discuss these options with an attorney first, who can help you weigh them before you come to a final decision.