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After an injury that was caused by someone else, the insurance company that is handling their side of the financial equation may seem like they’re in a hurry to settle with you. Why do they do this and should you take that quick offer?

It can be tempting, but there is a risk here. In agreeing to settle, you agree to close the case. This means that you may not be able to get further compensation in the future.

Insurance companies sometimes do this because they want you to rush into a payment in case you end up facing future costs. They don’t want to be on the hook for those costs.

For instance, maybe you have $100,000 in medical bills and they offer to just pay you that much upfront and be done with it. You take the deal and pay your bills. You hope to be better in about six months.

However, the traumatic brain injury that you suffered does not heal as well as you hoped it would. TBIs don’t heal at the same rate for everyone and some people don’t ever fully heal. You end up missing a lot of work, needing extended therapy options and even having to go back into the hospital. Now you have many more bills but the insurance company doesn’t have to cover them, because you already settled.

The settlement can sound great because you just want some type of resolution and you know you need money. Just make sure you really know what options you have and you do not move too quickly.