Should you accept an offer from the insurance company directly?

18 May 2011

If you have been injured in an accident that was not your fault, you are entitled to compensation and the legal costs associated with the claim. Without a medical report and specialist legal advice, it is impossible to say how much your injury is worth and what financial losses and expenses you can claim for.

If you've been injured, particularly if you've had a whiplash injury, the true extent of the injury and how this will affect you won't be known immediately. That's why it's so important to get an expert medical report and to seek independent specialist legal advice.

We have acted for clients who were offered but declined small amounts of compensation by the third party insurance companies just days after the accident. With the legal advice we have provided, they have then received significantly higher amounts of compensation and their legal fees were paid as well. In some cases, the amounts offered by the insurance company at the start were just 3% of what the claim settled for.

The insurance company will often get you to sign a statement that the compensation is in full and final settlement of your claim. If the statement is valid, this would mean that you can't go back and ask for more money.

So, if you are contacted directly by the insurance company of someone who caused an accident in which you were injured, don't accept their offer, contact us and we can advise you on your claim.

Some of the more reputable insurance companies will tell you that you need to get independent legal advice about settling a personal injury claim and may well offer you a reasonable settlement. However, without independent specialist legal advice and a medical report, it is still very difficult to assess whether what you are being offered is enough.