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Should I accept an insurance settlement after a crash?

In the aftermath of a severe car crash, you can be struggling with unanswered questions, pain and property damage. In these situations, accident victims often rely on their insurance company to tell them what to do.

However, insurance companies do not necessarily have your best interests at heart; they are businesses. And as such, it can be wise to think carefully and consider the following details before accepting an insurance settlement after a serious car accident.

You may not know all the damage yet

Filing a report with your insurance company right away is crucial. However, you may not know all the damage until much later.

Many types of injuries are not immediately evident after an accident. These include:

  • Internal damage
  • Chronic pain
  • Brain injuries
  • Back and neck pain
  • Concussion symptoms
  • Post-traumatic stress disorder

These injuries can be disruptive and painful, but they can take days or even weeks to become apparent. Thus, rushing to accept a settlement can mean it will not cover all your injuries.

It may not be enough

Settlement offers do not always reflect the full extent of damage a person experiences in a crash. They may not cover damages like emotional distress or the entirety of a person’s lost income if their injuries prevent them from working.

And depending on the amount of coverage you have, your expenses could exceed what the insurance companies must pay out.

The insurance company could be wrong

Insurance companies could wrongfully deny coverage or pay less than you may deserve. They might claim you could have avoided the accident or that you have not paid your premiums.

However, insurance companies can be wrong; when they are, injured parties can pay the price.

For all these reasons, it can be wise to think carefully before accepting an insurance settlement. If you are not sure about whether it is fair or not, you can consult a lawyer.

Car accidents can do incredible immediate and long-term damage. Should this happen, you should be able to collect the financial remedies you deserve to help you recover.

What Our Clients Say

Lois | Mississauga, ON

“I met with Michael on one of the worst days of my life. He put me at ease right away. He explained everything upfront and gave me confidence. The process was made clear and he kept me in the loop every step of the way. It was smooth and easy. I have recommended Michael to friends and family. Thank you so much, Michael, for your concern and professionalism!”

Raif | Mississauga, ON

“I hired Mr. Michael Walter to settle my Insurance claim following my car accident injury. His quality of work and follow-up on my case exceeded my expectations and his fees were fair”.

Cleide | Kitchener, ON

“Thank you to all the staff at Walter Law Group, for the good job done well. I am very happy”.

Derek | Mississauga, ON

“Michael’s knowledge and explanation of the step by step process of our case was reassuring. Also, his personality and positive outlook was very comforting to both of us”.

Catherine | Mississauga, ON

“During an extremely difficult time in my life, Michael provided not only outstanding professional legal council, but also compassion and reassurance which helped greatly”.

Willy | Toronto, ON

“My son and a friend recommended that I contact Carlos when I thought of lodging a claim against an insurance company. A big thank you for the favourable outcome of my claim. I would also like to mention that at all times you were friendly and efficient and a pleasure to have dealings with”.

Connie | Mississauga, ON

“Not only was Michael attentive to my requests, he delivered true professionalism, integrity and maintained a level of steady support throughout the difficult process. All combined made for a more deliberate outcome and resolve for my particular case.”

Bruce | Etobicoke, ON

“Thanks Michael for all your help and patience. Without your help and the help of your staff, I would have received nothing”.


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