St.Petersburg, Florida, is a beautiful city, and rightfully so! With its world-famous museums, independent galleries, film festivals, live music, a vibrant literary arts community, and a close-knit community of working artists and craftspeople. However, no matter how beautiful and artistically inclined the “Sunshine City” is, it sees thousands of car accidents every year.
Most often, after a car accident, you are already tired and shaken from the physical and mental stress. To add to that, going behind insurance companies to get the right compensation might feel like a daunting task. Most people want to finish with the case quickly and settle for the first offer given to them.
But by settling for the first offer, you are missing out on a whole lot of profit, which can greatly reduce your financial burdens. So the best option for you to get fair compensation would be to first hire St.Petersburg car accident attorneys.
Here are a few reasons why you should never accept the first settlement after a car accident.
You Need to Evaluate the Case Properly
If you get into a car accident in St. Petersburg, the first thing you need to do before settling for an offer is evaluate and understand your case properly. You need to look into the seriousness of the damage done to your vehicle, the expenses for your medical recovery, etc.; only if you do a proper evaluation will you be able to avoid financial turmoil by getting fair compensation.
Insurance Companies Always Settle for Less
For any company, the first goal is to make a profit. That is how all companies, including insurance companies, work in this world. So when offering you a settlement, they are surely going to try and give you the lowest possible offer first.
They will give you an amount much less than what needs to be given to you. Seeking the help of a good attorney will help you understand your expenses and how much you are eligible to receive from the insurance companies.
Outlooks any Extra Expenses
While you might be tempted to accept the first offer, you must remember that you might overlook some hidden expenses, leaving you struggling financially. For example, if your injury is pretty bad, you cannot always expect to recover during the said time. This might leave you unable to work for that time and sometimes even block your source of income.
In such cases, carefully evaluating the amount you need will help you if any such incidents occur.
You Might Need Legal Assistance.
Sometimes, there is a chance that your case will be taken to court. A case in court comes with its own set of expenses, like court fees, attorney fees, etc. Settling for an offer quickly might not give you the time to consider these expenses beforehand. Also, as the case moves forward, you will be able to get an idea of how much it might cost you, which is why it is always better to wait a little longer to accept the offer.
So, before you settle for a compensation, don’t forget to take these factors into consideration.
