Law

Ask a Wrongful Death Attorney: Should I Accept a Settlement?

Losing a loved one is a painful experience. It can be all the more challenging when your loved one died because of the actions or negligence of another person or party. If there has been a wrongful death in your family, you should seek compensation for what you’ve been through. Your settlement can help you cover the expenses associated with the death of your loved one and help you get justice for what’s happened. Here’s what your wrongful death attorney wants you to know before accepting a settlement.

Ask a Wrongful Death Attorney: Everything You Should Consider Before Accepting a Settlement

Is the Settlement Reasonable?

If you are trying to decide whether or not to accept a settlement that you are being offered, then the most important thing to know is whether what you’re being offered is reasonable in the first place.

Many insurance companies will try to lowball you. Their goal is to have to pay you as little as possible. When you work with a qualified lawyer, they will give you a better idea of whether or not the settlement you’re being offered is a fair one.

What Do I Do If I Want More?

If you and your lawyer decide together that you deserve a higher settlement to cover any expenses you’ve incurred over the loss of your loved one, your lawyer will help you negotiate and make a counteroffer.

They’ll emphasize the extent of your expenses along with the emotional pain and suffering you’ve experienced after the death. They’ll also know what tactics to expect from the insurance company, as well as what tactics they should implement themselves.

Why Do Some Insurance Companies Offer Settlements Quickly?

One of the most frustrating parts of any kind of legal battle is how long it can take. So it might seem like a huge relief when you hear from an insurance company about a settlement quickly. However, you should be extremely wary about accepting anything that comes to you this fast.

If you’re still in the early stages of dealing with your loved one’s death, insurance companies may try to offer you a settlement before you realize the extent of your damages. This is why you should always get in touch with wrongful death attorneys in Houston before accepting any settlement.

Why Would an Insurance Company Delay Responses or Payments?

Because insurance companies have so many financial resources, it’s easy for them to delay when they’re dealing with cases like yours. There are several reasons why a company may do this.

For instance, they may be trying to demoralize you. By taking a long time to offer any responses, they may make you feel more stressed out by your situation and more eager to get the money you need. It’s important to note that these companies will feel more pressure when you have a lawyer on your side, and they’ll be likely to move much faster.

What Happens Once I Accept a Settlement?

One of the most important things to consider in this situation is what the fallout of accepting any settlement offered to you will be.

Once you accept a settlement, you lose the right to seek out more compensation from the other party. This is why you should have a lawyer on your side to ensure what you’re getting is far. 

What Happens If I Don’t Accept a Settlement?

Ideally, you’ll be able to reach a settlement outside of court. In most situations, legal issues like this are resolved without needing to take the case in front of a judge or jury. However, if you don’t accept a settlement, you may still be able to get compensation.

Insurance companies will try to paint their settlement offers as a “take it or leave it” situation. But you and your lawyer can always make counteroffers, and if none of these are accepted, your lawyer will represent you in court.

When Should I Accept a Settlement?

You should never accept a settlement without at least first speaking to a qualified lawyer to determine if the offer is fair. You should also wait until you’ve dealt with the majority of the financial aspects involved in your loved one’s death.

That’s because there may be some surprise expenses that your settlement won’t cover if you accept it too early. While you are going through the negotiation process, know that your lawyer is there to support you. If you have any questions or concerns about how your case is going, you can always bring them up to your attorney.

If you have recently lost a loved one because of the negligence of someone else and are seeking out compensation, it’s important to know what to expect from your settlement. You’ll also want to make sure you work with a qualified lawyer to help you get the compensation you deserve.

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