SAY NO TO INSURANCE COMPANY’S QUICK SETTLEMENT OFFER
After a car accident that is caused by the other driver, the other driver’s auto insurance will sometimes call and offer you a quick injury settlement, usually from $250 to $1,000, in addition to the vehicle damage. Our car accident lawyers have seen many cases where someone takes an settlement offer like that a few days after the accident and then later realizes they were more hurt than they thought. A quick settlement is enforceable in Minnesota if you agree to it, meaning you can’t go back later and say you were more hurt than you thought. If you are thinking about a quick settlement offer like that, at least tell the insurance adjuster you need to think about it, and wait a month after the accident to make sure you are not more hurt.
You should also consider talking with an attorney first. Most good MN car accident attorneys will give you a free consultation to discuss the settlement offer with you before you make a decision.
Our MN Car Accident lawyers have seen quick early settlement offers like this made by Progressive Insurance, State Farm, Allstate and several other auto insurance companies as well. Often, the insurance company’s settlement offer is not at all fair given the situation or future risks.
We think a law should be passed in Minnesota that prevents these quick settlements until at least a month after the accident, or provide that the settlements can be revoked or overturned within 90 days. Unfortunately, we have not even seen such a law proposed so far.
If you are in a car crash anywhere in Minnesota, call us and speak with a car accident lawyer about your situation. We will answer your questions and explain your rights to you.
Click here for an earlier article we wrote on this subject with more information.