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The first settlement isn't always the best

After any kind of wrongful death, a family may be interested in finding a way to be compensated. Among the common causes of death is a traffic collision, which can quickly take one or more lives. In those cases, it's fair to want to hold those who caused the crash accountable for their actions.

After a traffic collision, it's normally acceptable to file a claim against the other person's insurance company. Your attorney will help you prepare documents and information regarding your loved one's passing as well as any information on the injuries you or others suffered in the collision. For the claim, the insurance agents may suggest a settlement.

Should you take a settlement offer?

That depends on how good the offer is. Usually, the first offer is nor as high as a company is willing to go, because the hope is that the insurance agency will be able to pay out as little as possible.

It's a good idea to run the situation past your attorney before you accept any settlement. Once you accept a settlement, you cannot go back later and sue the other party or seek a higher amount from them. Instead, you'll be stuck with what you agreed to.

When looking at the settlement offer, you need to ask if it's enough to cover medical care that was provided, any medical care needed in the future for those who have survived and if it will cover other financial losses you have.

Our site has more on settlements and what you can do to get the most out of a wrongful death claim.

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