Insurance settlements are a common part of the car accident process. Insurance companies will typically offer you a settlement to move forward with your claim. The purpose of an insurance settlement is to provide you with a fair amount of money in compensation for your injuries, medical costs, and property damage.
An insurance settlement is not always the best option for you. If you have medical bills or other expenses that are not covered by the settlement, you might be better off with a lawsuit.
When deciding whether to accept an insurance settlement, it is important to consider the following factors:
- Whether the settlement is fair
- The amount of time and money required
- The potential upside of filing a lawsuit