After a Missouri car crash, it might seem like a relief when the other driver’s insurance company sends you a check. You may be facing medical bills, vehicle damage, and missed time at work so that any financial help can feel like a step in the right direction. However, accepting or cashing that check without fully understanding its consequences could cost you far more than you realize.
At The Gogel Law Firm, our St. Louis personal injury attorney urges injury victims to pause before accepting early settlement money. What appears to be quick support may be an attempt to close your claim before you fully understand the value of your injuries.
Why Insurance Companies Send Early Settlement Checks
Insurance companies are not in the business of paying full value for injury claims. Their goal is to close claims quickly and for as little money as possible. Sending a check shortly after a crash is a strategy often used to reduce long-term liability.
The hope is that you will deposit the check without inquiring about it. In many cases, doing so can be seen as accepting a full and final settlement of your claim. That means you may give up the right to pursue additional compensation, even if you later learn your injuries are more serious than you first thought.
The Risks of Accepting a Check Too Soon
In the days or even weeks following a crash, you might not yet understand the full extent of your injuries. Some injuries, especially soft tissue damage or head trauma, may worsen over time or require long-term treatment. If you accept a settlement before your condition stabilizes, you may be left paying for future care out of pocket.
Risks of accepting an early check include:
- Giving up the right to sue for further damages.
- Receiving less than you need for medical care or lost wages.
- Agreeing to terms without legal advice.
- Waiving future claims through a release agreement.
Insurance companies rely on injured people being overwhelmed, confused, or desperate for financial assistance. That is why it is crucial to consult with a personal injury attorney before signing or making any deposits.
What to Do Instead
If you receive a check from the at-fault driver’s insurance company, do not cash or sign anything until you talk to a lawyer.
Our experienced personal injury attorney can help you:
- Understand what the check represents.
- Review any accompanying documents for release language.
- Evaluate whether the offer is fair and complete.
- Calculate your current and future damages.
- Negotiate a settlement that fully accounts for your losses.
At The Gogel Law Firm, we help clients understand their rights and prevent insurance companies from taking advantage of them during a vulnerable time.
Contact The Gogel Law Firm Before Accepting Any Payment
Even if the amount seems reasonable, accepting a settlement check without legal guidance can limit your recovery. If you have received a check from the other driver’s insurance company, contact our St. Louis personal injury attorney today at (314) 370-8173 or online.
We will evaluate your case at no cost and assist you in taking the necessary steps to protect your claim and secure the compensation you truly deserve.
