INSURER SETTLEMENT OFFER: WHY YOU SHOULDN’T ACCEPT THE FIRST OFFER MADE
Published 29 May 2013
We represented a client whose husband had passed away on account of a motor vehicle accident. The client came to our office with an offer having been made by the insurer.
The question was whether this offer was reasonable.
Upon reviewing the husband’s financial documentation, the living arrangements between the client and her husband as well as the contributions the husband made to the household, with our specialist opinion, we were able to identify that the offer made, while a good offer, was not reasonable under the circumstances.
After a very short period of approximately three (3) months we were able to put together an offer and organise a settlement conference so as to secure an extra $50,000.00 for our client, an extra $50,000.00 that she would NOT have received had she accepted the first offer made by the insurer.
For this reason it is essential that you do not accept the first offer made by the insurance company and seek legal advice.
If you have received an offer from an insurance company, please contact our Office for your FREE First Consultation with an experienced Compensation Lawyer.