Should I Settle My Personal Injury Claim Early?

Making a personal injury claim can be a challenging process, and it takes time.  It can be tempting to settle early if an insurance company offers what appears to be an attractive amount of money.  Generally speaking, this is not a good idea because a claimant is unlikely to know the full extent of his/her injuries and what the future holds in medical terms.  If a claimant settles early he/she is taking a real risk of winding up with a much lower settlement than might otherwise be achieved.

Here at S.T. O’Sullivan & Co Solicitors, we are always available to talk to you about your personal injury claim, and we can advise you on the best way to deal with the issues that arise. In most circumstances, an early offer of settlement is a clear indication that the insurance company on the other side is aware of the likely outcome of the case and is simply trying to save money by offering you an incentive to settle early. It is always wise to take advice from an experienced professional if this kind of offer is made to you.

Why You Should Be Wary Of Settling A Personal Injury Claim Early:

There are two main reasons for not settling your personal injury claim early, and these are:

  1. The settlement figure. An insurance company will carefully assess their financial exposure if they feel they are likely to lose a case.   It is usually in the interest of an insurance company to settle a case as early as possible because in most instances the cost of settlement increases as time goes on.  They are also acutely aware of the financial pressure on people and the fact that most claimants want the case to be over as quickly as possible.  However, this can prove to be very expensive for the claimant who should always take professional advice before settling.
  2. The end of the case. When you accept a settlement figure, this will be the end of the case and you will have no further options open to you.  In the case of a serious injury, settling too early may have very significant consequences for the claimant.

Find Personal Injury Solicitors in Ennis and Clare

If you have sustained an injury in a road traffic accident, at work, or a slip and fall in a public place, you may be entitled to make a personal injury claim. We specialise in personal injury and medical negligence claims, and if you are looking for legal advice on any accident or injury claim, our experienced team can help.

Contact S.T. O’Sullivan & Co Solicitors in Ennis to discuss your personal injury, and we will arrange a free consultation without obligation. Simply call into our office in Ennis, Co.Clare, contact us online, or call us today on +353 (065) 6820620. We guarantee to call you back to discuss your case within one business day.