Posted on Friday, October 18th, 2024 at 4:24 pm
When you suffer an injury in Utah due to someone else’s actions, chances are your case ends in a settlement. However, insurance companies try to keep settlements as low as possible, and their initial offer might not cover your losses. You can turn down an unreasonable settlement, but what happens when you reject an insurance settlement offer? It’s crucial to know your legal options in these circumstances, and our Utah personal injury lawyers have the answers you need.
Legal Options After Rejecting an Insurance Settlement Offer
After rejecting an insurance settlement offer, you generally have two main options: continuing negotiations or filing a personal injury lawsuit. Each choice has its process, benefits, and challenges.
Continuing settlement negotiations can lead to a fair resolution without the time and stress of going to court. Additional negotiations often involve presenting new evidence, clarifying your losses from the accident, or countering the insurance company’s arguments. While continuing negotiations may save time and help you avoid court costs, insurers might still undervalue your claim or delay the process.
Filing a personal injury lawsuit is your second option. This strategy involves submitting your case to the courts and potentially taking it to trial. Filing a lawsuit can sometimes compel an insurer to take your claim more seriously to avoid court expenses. Similarly, a lawsuit may result in higher compensation, but it takes longer and the outcome is less certain than a settlement. Finally, court cases often require detailed evidence and adherence to strict legal procedures, so you’ll need a lawyer’s help.
A skilled attorney can guide you through these decisions and help you make the right choice for your situation. Personal injury lawyers understand how to build a strong case, negotiate effectively, and represent you in court if necessary. With their help, you can assess the strength of your claim and choose the best strategy to recover fair compensation.
How Many Offers Do Insurance Companies Make?
Insurance companies often make multiple settlement offers in Utah personal injury cases. They typically start with a low offer and hope you’ll accept quickly so they can close the claim. If you reject the initial amount, they might increase their offer during negotiations to avoid a lawsuit. The number of offers you receive depends on the specifics of your case, including the available evidence, the severity of your injuries, and the insurer’s strategy. Insurers also assess your lost wages and whether you may share fault for the accident. Remember that the insurer’s goal is to minimize their payouts, so they may scrutinize every detail of your claim.
One critical factor limiting settlement negotiations is the statute of limitations. In Utah, you typically have four years from your injury date to file a personal injury lawsuit. If this deadline passes, you lose the right to seek compensation in court. This legal time limit puts pressure on both parties to resolve the case. Working with an attorney can ensure you don’t miss this deadline while pursuing fair compensation for your losses.
Can an Insurance Company Rescind a Settlement Offer?
Yes, an insurance company can rescind a settlement offer in certain circumstances. This usually happens before you formally accept the offer. One common reason for rescinding a settlement offer is if the insurer discovers new evidence that weakens your claim. For example, they might find evidence that you contributed to the accident, causing them to reevaluate their prior offer. An insurer might also withdraw an offer if they find inconsistencies in your account or uncover fraud. Finally, administrative errors or policy violations sometimes prompt an insurance company to pull back a settlement offer.
If an insurer rescinds their offer, you still have options. You can continue settlement negotiations, which could include providing additional evidence or clarifying discrepancies to strengthen your case. Alternatively, you can file a personal injury lawsuit and have a judge or jury review your situation at a trial.
How Long Do You Have To Accept a Settlement Offer?
The timeframe to accept an insurance company’s settlement offer depends on the insurer’s policies and the specifics of your case. Some insurers set strict deadlines and require a response within days or weeks. Others allow more flexibility, but it’s always best to act promptly. Delaying too long can cause an insurer to withdraw their offer or question your claim’s validity.
The statute of limitations for personal injury claims in Utah also impacts your timeline. Typically, you have four years from the date of your injury to file a lawsuit. This means settlement negotiations usually must conclude before that deadline. If you don’t file a lawsuit in time, you lose the right to seek compensation in court.
How Our Utah Injury Lawyers Can Help During Settlement Negotiations
At London Harker Injury Law, we understand how overwhelming settlement negotiations can be after an injury. Our team is here to guide you every step of the way. We’ll carefully review any settlement offers you receive, evaluate the full extent of your losses, and help you determine whether the offer reflects your claim’s value. If it falls short, we’ll fight for a better deal on your behalf.
You might think you don’t need legal representation, but negotiating with insurance companies on your own can be risky. Insurers always try to minimize payouts, and lawyers understand the tactics they use to deny you fair compensation. Without a skilled attorney on your side, you might miss out on compensation for your future medical expenses, lost wages, or pain and suffering.
When you work with us, you’ll have a dedicated advocate who understands Utah’s personal injury laws and the strategies insurers use. We’re committed to helping you secure a fair settlement and protecting your rights every step of the way. Let us take the legal pressure off you so you can focus on recovering. Call 77CARCRASH now or complete our contact form for a free consultation.
