How to Recognize a Lowball Settlement Offer from an Insurance Company

When you file an insurance claim after an injury, you expect a reasonable settlement that will cover medical bills, lost wages, and other damages. However, insurance companies often try to undervalue payouts and offer low settlements that barely scratch the surface of your actual expenses.

How do you know if the offer you received is a lowball? Recognizing bad-faith insurance tactics can help you get fairly compensated.

At Jeffress Law, PC, we know how insurance companies operate because Christopher Jeffress spent many years working for them. His insider knowledge gives him a unique advantage in negotiating higher settlements for victims in Boulder, Fort Collins, Longmont, and Loveland, CO.

Signs You’ve Received a Lowball Settlement Offer

Insurance companies use various strategies to pressure claimants into accepting less than they should. Here are five signs you might be dealing with a lowball offer.

1. It Comes Quickly

Receiving a settlement offer soon after filing your claim is a red flag. The insurance company is likely trying to close your case before you understand the full extent of your injuries and damages.

2. It Barely Covers Medical Expenses

A fair settlement should include all current and future medical costs related to your injury. Proceed with caution if the amount offered only covers your immediate bills and ignores ongoing treatment.

3. Lost Wages and Pain & Suffering Are Ignored

Compensation should include lost wages, reduced earning capacity, and pain and suffering. If your offer only accounts for out-of-pocket medical bills, it’s probably too low.

4. The Adjuster Pressures You to Accept

Insurance representatives may say things like:

• “This is the best offer you’ll get.”
• “If you don’t agree now, the offer might disappear.”
• “You don’t need a lawyer for this claim.”

They use these phrases to push you to settle quickly. Don’t fall for them.

5. You’re Not Provided with a Clear Breakdown

A legitimate settlement should be itemized and transparent. The offer may be unfair if it seems vague or doesn’t explain how the insurance company arrived at a particular number.

Get the Compensation You Deserve

Have you received an offer that seems too low? Don’t settle for less than you deserve. 

Jeffress Law, PC, is dedicated to protecting injury victims in Boulder, Fort Collins, Longmont, and Loveland, CO. Call 303-993-8685, text 303-225-9101, or send us a message.