While you may not think it, dealing with insurance companies after a Charleston truck wreck rarely yields the results that victims need. More often than not, insurance adjusters for opposing parties try everything in their power to prevent you from reaching a settlement amount that you think is fair and needed.
That said, there are dedicated attorneys who could fight on your behalf for the compensation you need. Let an attorney help, contact one today.
Offered Checks from Opposing Insurance Companies
There are some common scenarios in which the wrongdoer’s insurance company might offer a check to the person injured. It happens often. Insurance companies that operate in South Carolina have gotten better about their response time to a wreck or an accident, and they have a protocol for wrecks. Besides the recorded statement, they like to try to get a quick and early settlement before the injured party even knows what the full extent of their injuries are. If an injured party gets into an accident, they take the ambulance to the hospital, they get checked out, and they get released that day or they spend a day or two with their injuries. An insurance company may offer a settlement amount early on to address those needs, but rarely is it enough. In fact, accepting that offer is the worst thing that a person could do.
No matter the circumstances, at a very minimum, victims should be six months out before any discussion of settlement takes place. Many elements of the wreck and losses may not show themselves so immediately. Many times, something that was thought to be minor turns out to be major—like an injury. If victims settled their case early, took the money, and then received treatment and had complications from that treatment, they would never be able to go back and seek compensation from that initial wreck.
Victims only get one chance to settle, so there should never be a rush to settle a case. There should never be an acceptance of a phone call from the at-fault driver’s insurance company’s defense to try to settle quickly or early with a check in the case.
Why Cashing an Insurance Company’s Check is a Mistake
It could be a mistake to cash the check that the other driver’s insurance company might offer because the insurance company could make the claim that the check was for full and final settlement of any and all claims. Not just for property damage and not just for personal effects that may have been damaged or lost during the accident, but for bodily injury as well. To settle all claims early would be a disaster and not something anybody should ever do.
In cashing that check, even if the insurance company is wrong, they are going to use that as an argument—and many times, an effective argument and a winning argument—that the person who took the check and cashed it knew what it was for, knew it was to settle their claim in full, and knew they could no longer bring a claim. Victims are then barred because they have already settled by accepting the money or the check in exchange for the release of their claims in the case.
Speak With an Attorney Who Could Fight Insurance Adjusters
Dealing with insurance companies after a Charleston truck wreck is often something many people struggle with. Insurance companies are clever and do everything within their power to prevent paying victims what they deserve.
This is not right. Instead of accepting any offers by opposing adjusters, choose to work with a Charleston truck wreck attorney who could help you and fight for the right amount of compensation that you need.