Can I Reject A Personal Injury Settlement? What Happens if I Do So?
If you have suffered at the hands of another person, you could be offered a personal injury settlement. A settlement offer can come to you at the start of the trial or through the trial. If you want more information, learn more by clicking here. There are a few reasons why you will be forced to reject a personal injury settlement and you have the right to do so.
Reasons You can Reject a Personal Injury Settlement
- The settlement is not considered reasonable by the victim
- The demanded settlement isn’t considerable by the plaintiff
- The defendant doesn’t offer any compensation at all which leaves no option left for the victim.
Reject and Negotiate
In many cases, the offer is not directly made by the plaintiff rather by the insurance company. The plaintiff and the insurance company will closely work together to come up with a quote that they will present to you. Specific reasons can make you think the settlement is insufficient or doesn’t cover all of your damages. In case you are rejecting the offer, you will be required to write a formal letter to the company. The letter will state why you demand more money and on what basis you are making such a claim.
However, after rejecting the settlement, you should keep your options open by negotiating further. Keep on counter offering what you expect from the insurance company.
Reject a New Adjuster
This might be something not very frequent but there are chances that after you reject a settlement, the adjuster might not offer another deal. In such a case, the settlement becomes non-negotiable. In this situation, you can consider changing the adjuster who is not willing to offer any settlement.
What Happens if I Reject a Settlement?
You may find the offer made to you insulting. However, you need to understand that the plaintiff and the insurance company both have a specific agenda. They are trying their best to settle for as low as possible. But you, on the other hand, have the responsibility to get the best offer you can. If you have suffered at the hands of a person, you should get the maximum compensation for your injuries.
When you reject the final offer made by the opposing party, this means that you are ready to take the case to court. Initially, when you reject a settlement, you might think that you don’t have to pay any fees or anything but in case you are unable to support your claims in court, you will not be able to get the compensation and also pay for it.
When you consider the offered settlement and reflect upon declining it, it is imperative that you pay attention to all the factors that are involved. You shouldn’t expect more than what you deserve because that will only weaken your case in court. Only demand compensation that you truly deserve and are able to defend it in court.
More to Read: