Lowball Settlement Offers and Your Car Accident Claim

If you’ve been in a Los Angeles car accident and are handling your auto accident claim directly with the insurance company, you likely understand just how challenging this can be. Generally speaking, insurance companies, even your own, are not interested in paying out millions of dollars in settlement fees – doing so affects their bottom…
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Lowball Settlement Offers and Your Car Accident Claim

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If you’ve been in a Los Angeles car accident and are handling your auto accident claim directly with the insurance company, you likely understand just how challenging this can be. Generally speaking, insurance companies, even your own, are not interested in paying out millions of dollars in settlement fees – doing so affects their bottom line!

While there are many known tactics insurance company use in order to delay on paying out on a claim (read more about them here), in some catastrophic accident cases, the facts are so serious that the insurance company knows it won’t be able to get away with denying the claim completely. Instead, it will try to offer a quick settlement in the hopes that the auto accident victim takes the carrot and decides not to pursue greater financial compensation in court or in mediation down the road.

Quick Money

Getting your money fast sounds great, right? Unfortunately, as many car accident victims can attest, these initial settlement offers are generally well below what you really deserve. Insurance companies expect negotiation and start with a lowball offer. Some claimants, whether out of desperation or lack of knowledge of the process, accept this first offer and never receive the full compensation owed to them.

It is important to note that in most cases, this lowball settlement offer from the insurance company is predatory. In many cases, these offers come long before you have finished your medical treatment, therapy, etc... As a result, you do not have a full comprehension of what the road to recovery will cost you, how long you may be out of work, or whether the injury will affect you permanently in some way. By accepting the first offer tossed your way, you sign away your right to pursue compensation for this accident in the future. If it turns out that you need surgery, or if you never recover to such a degree that you can return to the job you had before the accident – none of that matters. You will not be able to reopen your claim, no matter how much your injuries will cost you.

Potential Financial Recovery

Individuals who are injured in a California car accident may be entitled to recover the following compensatory damages:

  • Economic: This refers to money the victim has lost or will lose in the future because of the accident, such as medical bills and lost wages.
  • Non-economic: This refers to physical and emotional distress.

Additional damages may include punitive damages. Punitive damages intend to punish the liable party for excessive negligence or recklessness.

For a free, no obligation consultation about your potential car accident case, and to discuss your legal rights when dealing with a reluctant insurance company, contact the experienced Los Angeles accident lawyers at Ghozland Law Firm today.

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Our employment & personal injury attorneys recognize that the individuals we work with are typically going through overwhelming and stressful times in their lives. When an individual hires us, we strive to provide the client with the strong legal representation and effective counsel they need to receive fair and just compensation. Our experienced attorneys are dedicated to helping our clients in their time of need. Our employment & personal injury team is comprised of well-respected lawyers who have been involved in several multi-million dollar settlements, earning us membership in the Million Dollar Advocates Forum®. This further demonstrates our ability to take on complex accident cases.

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They have been super helpful and on top of my case. Everyone that I have dealt with at this law firm have taken the and been patient with answering all of my questions and concerns. I highly recommend this law firm.

Dolores Ochoa

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5 star reviewed personal injury and employment lawyers

After getting being a victim of a hit and run I decided it would be a good idea to look up an injury lawyer. One of my friends suggested me Ghozland Law Firm I gave them a call. Jasmine Jackson was in charge of my case and she did an amazing job helping me through all the...

Tina B. Connors

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I will only refer my friends and family to MICHAEL Ghozland law firm. He settle my case for good amount and I went to good doctors. This is excellent lawyer. Call him if you need help with accidents.

Herrera L

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I sent a client to Michael and Nathan and cannot express how simple the process was and my client was so happy. It is the only law firm I have ever been able to get ahold of the attorneys directly and cannot explain how great it is to be able to have that service!

Dr. Joseph Fair DC

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Michael is absolutely amazing, and I could not be more grateful for everything that he did for me. He is kind, attentive, truly cares about the client, and perhaps most importantly he is extremely knowledgable when it comes to the world of Personal Injury. There are a lot of...

Maya Frank

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Wow. This past year was a rough year for me. I was hit by a car while riding my bicycle back in June and then was laid off in November. But Jasmine Jackson, Cory Hernandez and the rest of the team at the Ghozland Law Firm really turned that around for me. Within a day after...

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They did good by me and my kids Got my car fixed and hooked my kids up!! Thanks jasmine.

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Good firm that takes care of their clients. I highly recommend them if you need a lawyer. They will treat you like family

Lorie Jackson

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I highly recommend the Ghozland law firm. He represented my family after a car accident where multiple injuries were sustained. He made a complex process simple and efficient. It was so nice to just concentrate on recovering and leaving all the rest up to Michael and his...

Chris M.

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I was in a car accident and called the Ghozland Law Firm. Great experience they made everything smooth for me very stress free, Jasmine is awesome she helped me with all the questions I had and was very helpful. Thank you guys for everything you have a great team. Thanks...

Sandra B.

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Experiencing a car accident is horrible and the unexpected twist and turns that follow only get worse and more frustrating very quickly. . We were happy when the Ghozland Law Firm was recommended to us by a good friend after we were hit by a car that ran a red light...

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Jasmine J. And Michael have been amazing. From the date of my accident till today's date they have been by my side every step of the way. I am happy to say that i can refer them to friends and family and have faith that they will take care of other clients just as well as...

Marilyn L.

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I can't say enough about the expertise of this firm and Jennifer's natural willingness to go above and beyond at every step with the cases she has successfully executed on my behalf. I urge all to use Ghozland for cases that are in their wheelhouse, you'll not be disappointed!

Tony S.

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Very professional, Michael and Nathan helped me out when I was in a major accident, I needed physical therapy. No more than six months later I was in another accident that aggravated my prior injuries. Non the less the driver was uninsured. I turned to the Ghozland firm...

Jimmy A.

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The Ghozland Law Firm, have done an amazing job, having this to be my first mayor accident they were attentive, helpful and always trying to make it easy as possible. Everyone that works at the firm has been friendly. In addition thank you to Jasmine J. And Michael for all...

Derek M.

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I sent a client to Michael and Nathan and cannot express how simple the process was and my client was so happy. It is the only law firm I have ever been able to get ahold of the attorneys directly and cannot explain how great it is to be able to have that service!

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With over 40 years of experience, we have handled many slip and fall cases. I can provide you with the caliber of legal services that is normally available only to large companies, due to my experience in large-scale litigation that has resulted in awards of millions of dollars on many occasions. In 2014, Michael Ghozland was named “Street Fighter of the Year” by Consumer Attorneys of California in 2014. Because of my outstanding trial record, winning your case will probably mean obtaining a private settlement, with no need to ever step into a courtroom. Insurance companies know my reputation, and most of them would rather settle than face me in a slip and fall lawsuit.