Car Accidents & Quick Settlement Offers - The Straight Truth
Welcome and thank you for joining me. I'm Gerry Oginski, a New York medical malpractice and personal injury accident attorney practicing law here in the State of New York. For those of you who've been involved in a car accident, I want to tell you about a great why that insurance companies go about trying to save thousands and thousands of dollars to get you to settle your personal injury accident claim.
The insurance company rep will want to talk to you to find out what your injuries are. They will want to know whether you are still undergoing medical care, whether you had hospitalization, whether you need surgery, whether you need physical therapy or rehabilitation therapy or whether you need ongoing medical intervention. Why do they do that? Because they want to know what the risk is from a financial standpoint on their end as to whether they are going to have to ultimately pay you, assuming that they have liability, for your injuries.
If they can try and limit the amount that they are going to pay you by offering a quick settlement now, it's in their interest to try and do that. I have seen many times where an insurance company feels that they have liability and that they are documented damages and injuries, they will simply cut a check without being asked in the hopes that you will see a nice big check and take it and sign it and cash it. Once you do that, you are effectively giving up your right to bring a lawsuit and seek compensation for more than whatever it is that the insurance companies offer you.
That's one way that the insurance companies saves thousands and thousands of dollars by settling a case early without you even asking them for a dime. Plus, shortly after the accident, you may not know the full extent of your permanent injuries. You may not know whether you'll need surgery in the future or what type of therapy you're going to need. As a result of that, you're going to be speculating that you will not need those additional treatments just because you see a nice check in front of you. My advice is before you ever cash that settlement check, speak to an experienced attorney and find out if this is the right thing for you. In some cases, it might be. In other cases, you'll see that it's totally inappropriate and insufficient compensation for your injuries. That's it for today's video tip. I want to thank you for joining me. I'm Gerry Oginski, have a great day.
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