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Facts about Accident Cases and Quick Settlement Offers

When you file a personal injury lawsuit for claiming compensation for your losses and injuries you have suffered in an accident, usually the insurance company has to make the payment, since the defendant will have insurance coverage. For the insurance company paying claims and settlements are losses, and therefore they will do everything in their power to either reduce the claim or not pay at all.

Quick Settlement Offer

One of the strategies used by the insurance companies to save them thousands of dollars is to get victims like you to settle your personal injury accident claim prematurely before the extent of your injuries is fully revealed and known. A representative of the insurance company will first contact you to find out:

  • What your injuries are
  • Whether you are still undergoing medical care
  • Whether you were hospitalized or needed surgery
  • Whether you need physical therapy or rehabilitation therapy
  • Whether you need ongoing medical treatment

The insurance company will want to find out all this information, because they will want to know what the risks are from a financial standpoint, and whether they will have to pay you ultimately, assuming they have liability for your injuries. If you have a strong case and the insurance company knows that they cannot avoid liability, then they will try to limit the amount they should pay you by offering you a quick settlement. The logic of this strategy is that the victim will be under financial constraint after an accident since he will be paying his medical bills and losing income because of his inability to attend work. When the insurance company offers settlement money, it is a welcome respite for the victim from the financial burden.

The Worst Mistake You can Make is to Accept such an Offer

However, this quick settlement offer is always much less than what your case is worth. The insurance company will want you to accept their offer, so that they can close the case and not pay you a higher amount later for what your case is actually worth. When the liability is clear, and there are documented damages and injuries, the insurance company will simply cut a check, without even being asked. They do this in the hope that you will see the check, take it, sign for it, and cash it. Once you have done that you are effectively giving up your right to file a lawsuit and seek compensation for more money than what the insurance company has offered you. One of the ways insurance companies saves money, by settling your case early and even without you asking them for a dime. However, accepting the first settlement offer is a big mistake. You do not even know the full extent of your injuries.

If You Put Ink to Paper, there is no Turning Back

You do not know whether there is any permanent damage or whether you will need surgery or therapy in the future. Just because you see a nice check in front of you, you do not want to speculate on so many variables and matters that at that point you may not be able to control. The best course of action would be to consult an experienced accident attorney and to know the true value of your case.

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April Johnson
April Johnson
15:54 30 Jun 23
Easy access to thr firm with a very nice Lawyer
Benjamin Roussey
Benjamin Roussey
19:03 29 Jun 23
No firm gets it done like RMFW. They are the best.They are awesome - for sure.
Roberto Martinez
Roberto Martinez
19:02 24 May 23
I’ve been in the personal injury field as an investigator for 29 years. All in New York City. Out of all the hundreds of Law Firms I’ve worked with, Rosenberg Minc Falkoff & Wolf, would have to be at the very top of my list. Amazing staff great attorneys.If you want the job done right, these are you guys.
Julio Ochoa
Julio Ochoa
20:49 18 May 23
I highly recommend Rosenberg, Minc, Falkoff & Wolff, LLP for their outstanding assistance in obtaining a settlement for an Erb's Palsy birth injury case. Their knowledge, dedication, and compassionate attitude were important in attaining a successful end. Their professionalism and assistance were simply outstanding from beginning to end. I am deeply thankful for their representation and would enthusiastically recommend them to anyone seeking justice in a similar situation.
Aisha Neri
Aisha Neri
20:29 18 May 23
I recently had the privilege of working with Rosenberg, Minc, Falkoff & Wolff, LLP on my daughter’s birth injury case involving Erb's Palsy, and I cannot express enough gratitude for their exceptional legal services. From the initial consultation to the successful settlement, they demonstrated profound expertise, unwavering dedication, and genuine compassion for my family's situation.From the very beginning, the team proved their commitment to justice. They thoroughly investigated the circumstances surrounding my child Erb's Palsy birth injury, leaving no stone unturned. Their extensive knowledge and understanding of medical malpractice law, coupled with their deep expertise in birth injury cases, provided us with tremendous confidence in their ability to handle our case.The attorneys at Rosenberg, Minc, Falkoff & Wolff consistently displayed exceptional professionalism and attention to detail throughout the entire legal process. They meticulously gathered evidence, consulted with medical experts, and built a compelling case that clearly outlined the negligence and liability on the part of the medical professionals involved. One aspect that truly stood out was the genuine care and compassion exhibited by Daniel Minc, Lorraine Licul, and the entire team at Rosenberg, Minc, Falkoff & Wolff. They treated us not just as clients but as individuals with unique emotions and concerns. They took the time to listen attentively to our worries, provided constant updates on the progress of our case, and promptly responded to our inquiries, ensuring we felt supported and reassured throughout the process. Their empathy and understanding made an immeasurable difference during such a challenging and emotionally taxing time.When it came time to negotiate a settlement, Daniel Minc demonstrated remarkable skill and tenacity. He fought fiercely on our behalf, advocating for fair compensation to cover any potential long-term effects of Erb's Palsy on my child's life. His negotiation skills were truly impressive, as they secured a settlement that exceeded our expectations and provided the financial resources necessary to support my child's future needs.I cannot recommend Rosenberg, Minc, Falkoff & Wolff highly enough to anyone seeking legal representation in Erb's Palsy birth injury cases or any other medical malpractice matters. Their extensive experience, unwavering dedication, and empathetic approach make them an exceptional choice for families navigating the complexities of birth injury litigation. Thanks to Rosenberg, Minc, Falkoff & Wolff, my family now has the means to provide the best care and opportunities for my child's future.If you are seeking a law firm that combines legal expertise with genuine compassion, look no further than Rosenberg, Minc, Falkoff & Wolff, LLP. They will tirelessly fight for your rights and ensure your voice is heard, providing you with the support and justice you deserve.
Aoki R
Aoki R
17:14 17 May 23
I highly recommend Rosenberg, Minc, Falkoff & Wolff, LLP. They are a team of dedicated professionals fully committed to their clients. I have witnessed the firm's amazing work ethic in my experience with their attorneys and Lorraine Licul. Lorraine is a knowledable, empathetic and results-driven professional. Minc is an excellent attorney and I greatly appreciate the firm's expertise.
Michael Levites
Michael Levites
17:42 12 May 23
I have recommended this firm to some of my friends and I heard back only positive feedback about the client responsiveness, diligence and hard work put in by these attorneys. I will continue to refer anyone who suffered a personal injury to Rosenberg Minc..
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