Petersen Johnson

Why Insurance Companies Want To Settle Quickly

You’re in Arizona driving along, when all of a sudden a car comes out of nowhere and slams into you. You get out, call the police and exchange information. Soon, the insurance company contacts you and they want to settle.

Wow, you can’t get over how quickly this happens.

Why would the insurance company want to settle so quickly?

Insurance companies are businesses. They’re in business to make money. They don’t like to pay, but they like to take in.   If the insurance company can make a quick, low settlement shortly after an accident, they’ve accomplished their goal.  Unfortunately, if  you accept a settlement and sign a release before you know the extent of your injuries and the cost of the medical bills, you are left “holding the bag.”  The $500.00 or $1,000.00 the insurance company has paid you may not cover all of the medical bills, loss of earnings and probably will leave you nothing for your pain and suffering.

To protect your interests, never settle with the insurance company when they approach you directly. Call a reputable law firm and ask for an experienced personal injury attorney, who will make sure your legal rights are protected, and that you are compensated appropriately for injuries you may have suffered.