Should I Accept an Offer From the Insurance Company?

If you’re hurt in a car accident and are offered a settlement from an insurance company, there are several issues you must consider. These include if the offer is enough to compensate you for your injures and if the offer is fair. During this challenging time, it is important to have the skilled help of an experienced Ohio car accident attorney on your side.


When you are injured in a car accident that was caused by someone else’s negligence, you often face physical and emotional pain as well as costly medical bills and other difficulties and expenses. You may be unsure of how to overcome the financial burden a car accident has left you with, and will likely receive a settlement from the liable party’s insurance company.

Although it may be tempting to simply accept their settlement and move on with your life, understand that doing so can do more harm than good. If you are asking yourself “should I accept an offer from an insurance company,” there are several things to consider.

For help with understanding common personal injury FAQ and in dealing with your car insurance company after you’ve been in an accident, call an Ohio car accident attorney from Kisling, Nestico & Redick today at 1-800-HURT-NOW.

How Insurance Companies Operate

You may believe that an insurance company is on your side and will offer you a fair settlement. Unfortunately, this is rarely the case, as insurance companies are in business to make money, and are often more concerned with increasing their profits than helping out their customers.

When you get into a car accident, insurance companies will attempt to offer you the lowest possible settlement in hopes that you will accept it right away rather than speaking to a car accident attorney and/or negotiating with the insurance company.

While it may seem difficult and time-consuming to negotiate with an insurance company, negotiating can ensure that your rights are protected, and that you are fairly compensated for the medical bills, lost wages, pain and suffering, rehabilitation expenses, and other damages you are facing. A highly skilled car accident lawyer will have your best interests in mind, and can negotiate on your behalf so that you can focus on recovering.

What Happens When the Offer is Accepted

Understand that if you accept the initial offer from the liable party’s insurance company, your case will be closed. This means you will not have the right to seek additional compensation from the liable party in the event you face additional medical treatment, therapeutic rehabilitation, or other expenses related to your accident or injury.

If you suffer from a serious injury, accepting the insurance settlement immediately could negatively impact your financial future and cause more stress in your life. Additionally, your injury may seem minor at first and become more serious over time, making it imperative for you to wait for medical care prior to accepting an offer.

What Happens When the Offer is Rejected

By deciding to reject the settlement offer, you give yourself the opportunity to negotiate with the insurance company. You’ll let them know why you believe your expenses associated with the injury or accident are higher than the amount they are offering you.

You can use documents that show your doctor’s diagnosis and prognosis; the cost of any medications, treatments, or rehabilitation services you need; and the amount of income you’ve lost due to missed days at work to prove that you require a larger settlement. In the event the insurance company declines your counteroffer, you can file a lawsuit.

Determining Whether an Offer is Fair

It is difficult to determine how much your personal injury claim is worth without the help of a skilled attorney. They can guide you through the process of filing a personal injury claim, and connect you with individuals who can provide you with an accurate analysis of the extent of your injury so that you can gain a better understanding of your treatment. Once you receive this information and collaborate with a car accident lawyer, it’ll be easier to determine whether the insurance settlement is fair or not.

Steps to Take After Receiving an Offer

If you receive an insurance settlement, there are certain steps you should take to ensure you are not being taken advantage of. These steps include:

  • Contact a car accident attorney- As soon as you get into a car accident that was not your fault and receive an insurance settlement offer, you should reach out to a car accident attorney.
  • Calculate your necessary compensation- A car accident attorney can help you calculate your economic and non-economic damages. These damages may include current and future medical bills, rehabilitation expenses, lost wages, pain and suffering, and emotional distress.
  • Determine the lowest settlement you’ll accept- Prior to beginning the negotiation process with the insurance company, you should determine the lowest settlement you’ll accept. A car accident lawyer can help you figure out the maximum amount you may receive and let you know of a minimum threshold the insurance company must meet in order to make your offer fair.
  • Reject the offer and counteroffer- A car accident lawyer can assist you in rejecting the offer in writing and help you provide the insurance company with a counteroffer that includes evidence of why you deserve a higher settlement than the one originally offered to you.
  • Establish whether you are willing to take your case to court- If the negotiation process stalls and you cannot agree on a settlement with the insurance company, you may need to go to court. From here, you’ll need to decide whether you’d be willing to go to court or accept a lower settlement than you may be entitled to.

Contact Kisling, Nestico & Redick

If you’ve sustained an injury in a car accident that was the result of someone else’s negligent actions and received an insurance settlement offer that you think is not the proper amount, you should contact our Ohio car accident attorneys of Kisling, Nestico & Redick as soon as possible.

Contact us at 1-800-HURT-NOW for a free case consultation.