Your children have already sacrificed so much: missing activities while you recover, taking on extra responsibilities at home and carrying the emotional burden of seeing a parent in pain. It is only natural to want to restore balance and security to their lives during such a difficult time.
When an insurance company presents what looks like a generous offer, the urge to accept can be powerful. But settling too quickly can leave your family financially vulnerable for years to come.
Why insurance companies rush to settle
Insurance companies know exactly what they are doing when they contact you immediately after the accident. They understand that injured parents face immense pressure to pay bills and provide for their children. These companies often benefit when they close cases quickly and cheaply, before you fully understand the true cost of your injuries.
The adjuster will not tell you about the medical complications that might arise months later. They will not mention that your back injury could require surgery next year, or that your concussion symptoms might prevent you from returning to your old job.
Your accident affects more than just today’s medical bills. So, when an insurer offers a quick settlement, it is often advantageous to think twice before making any decisions that could hurt your family’s future.
Hidden costs that affect your children
Consider these potential long-term expenses that quick settlements rarely cover:
- Lost wages during extended recovery periods
- Reduced earning capacity if you cannot return to your previous work
- Future medical treatments, surgeries and rehabilitation
- Prescription medications and medical equipment
- Childcare costs while you recover
- Transportation to medical appointments
- Home modifications if you develop permanent disabilities
When you accept a settlement, you typically sign a release. This document states that you can no longer seek further compensation for your injuries, even if new medical issues arise.
That quick settlement might cover this month’s groceries, but what happens when you need expensive physical therapy next year? What if your injuries permanently prevent you from working at full capacity?
Your children deserve the security that comes from proper compensation. They need to know their college funds will not disappear because of medical bills that an early offer may not cover.
Take action to protect your family
Your family’s future depends on acting within Florida’s two-year legal deadline. This timeframe recognizes that some injuries develop slowly, but insurance companies will not wait—they are building their defense from the moment your accident happens.
Remember, you carry your family through this season, but you do not need to face insurers alone. Consider working with an experienced attorney before you sign anything. One call can preserve your rights and secure the full compensation you deserve.
