If a trucker caused your truck accident, you may be entitled to compensation for your injuries from the trucker and trucking company. However, the insurance company will most likely not offer you all the damages you deserve when you file your claim. Here is what you need to know about your options if you are not happy with their offer.
Can You Reject a Settlement Offer?
Yes, you have the right not to accept an offer to settle your claim if you do not believe it fairly compensates you for your injuries. It is very likely that the insurance company’s initial offer will be a low-ball offer to try to get you to accept a quick settlement of your claim for far less money than you are entitled to under Virginia law. They may make other offers that also do not sufficiently compensate you. You have the right to reject these offers too.
What Happens After You Reject a Settlement Offer?
You should never accept a settlement offer from the insurance company or sign a legal document without first consulting with an experienced truck accident attorney. A lawyer can advise you on your rights and the reasonableness of the insurance adjuster’s offer. If it is in your best interests to reject the offer, they can notify the insurance company of this. Here’s what else you can expect to happen:
- Counteroffer. Your lawyer will put together a written counteroffer when rejecting the insurance adjuster’s offer. They will include a detailed explanation of the insurance company’s liability to pay you, the seriousness of your injuries, and how much compensation you are seeking. They may go through several rounds of negotiations, offers, and counteroffers before your claim is settled.
- Collection of evidence. If the insurance company raises legitimate disputes about your claim, your lawyer may need to collect additional evidence or hire expert witnesses to help resolve these issues.
- Litigation. If the insurance company refuses to be reasonable or the deadline to sue, referred to as the statute of limitations, will expire soon, your attorney will file a civil lawsuit on your behalf. It is likely that settlement negotiations will result in a settlement at some point in the litigation process.
Were you or a family member injured in a truck accident caused by a negligent truck driver? Call our Norfolk office or fill out our online form to schedule your free consultation to learn about your options and how we can help you obtain the compensation you deserve for your injuries.