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Should I Take the Insurance Company’s Offer?

Should you take the insurance company’s offer? It depends, if they offer you policy limits right off the bat, then generally you maybe have a take. On the other hand, let’s say you’re really injured, and the amount of money that the insurance company has as policy limits is not going to be near enough to satisfy what your claim is worth. You may not want to take it in those situations.

Another situation is, let’s say you had some guy who is a millionaire and for whatever reason, he only has a minimum limits policy. Well, you may not want to take the minimum limits policy if this guy is worth a whole bunch more money that you could potentially go after. Just remember, you can always negotiate with them — whatever they offer is generally their first offer. So generally you do not take their first offer.

About the Author

With over 100 years of combined experience among the legal team of Herrman & Herrman, P.L.L.C., our Texas personal attorneys have successfully resolved over 20,000 cases. When representing injured Texas residents, we fight for justice against wrongdoing and aggressively pursue the best resolution to complex personal injury claims. Start down the road to recovery by contacting us for a free initial consultation and case evaluation.