Should I Accept a Settlement Agreement from the Insurance Company? By Moody Law | Personal Injury Attorneys on April 30, 2024

woman stressed out while reviewing a settlement offer

If you’re filing an accident claim, you may receive a settlement offer from the insurance company. That initial offer may seem tempting since it guarantees some money that you can use to address medical expenses and other bills.

But should you accept a settlement instead of going to trial?

Many clients come to our personal injury law office in the TampaLakelandBartowFL-area asking just that question. Let’s review the basics of legal settlements as well as the potential pros and cons of accepting settlement money.

What Is a Legal Settlement?

A legal settlement is a type of resolution between parties in a case. A settlement is typically reached before a case goes to trial. However, a settlement can occur after a case has gone to court but has not yet been completed.

Do I Have to Accept a Settlement Offer?


You can reject an initial settlement offer and still collect compensation down the road. It can be rejected and negotiated as needed to ensure a better offer in the future.

Keep in mind that if you accept a settlement offer, you will not be able to continue negotiating for a better offer.

The Benefits of Accepting a Settlement

There are a few benefits to accepting an insurance company’s settlement offer.

Avoids a Costly and Time-consuming Trial

Court cases can take many months or even years to reach a resolution. Depending on the law firm, that could mean a lot of money spent on legal fees. (We work on a contingency fee basis, so legal costs are not an issue.) A settlement means you get to avoid a prolonged legal battle.

Keeps Many Details Private

When a case goes to trial, the details of what happened can be accessed by the public. If there are sensitive matters in your case or you’d like to maintain your privacy, it may be better for you to accept the settlement.

Guaranteed Payment vs. the Uncertainty of a Jury Verdict

There are no guarantees when a personal injury lawsuit goes to court. A jury may rule against you even if there is a strong case with evidence in your favor. A settlement is a guaranteed amount of money you can get for resolving your case out of court.

Why You May Still Want to Go to Trial

Even though a settlement agreement may seem like a good option, you may still want to take your case all the way to court.

A Good Settlement Cannot Be Negotiated

Insurance companies may try to lowball you on multiple settlement offers. If you cannot negotiate a settlement that properly accounts for the cost and hardships you’ve experienced, going to court will be the best option for receiving compensation commensurate with your injuries and losses.

The Importance of the Case

For cases with major social impact or that affect an industry’s practices, going to trial may be the best way to bring issues to light and help ensure lasting change. This is important to consider when a case involves defective products, major flaws with hospital policy or administration, or negligent corporate practices.

Contact Our Legal Team

To get help negotiating a settlement and properly weighing your legal options, contact our personal injury lawyers in Lakeland, Bartow, and Tampa. We can help you maximize your compensation and tell you how much your case is really worth.

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Daniel D. Moody, J.D., B.C.S.

Moody Law, P.A.

Moody Law was founded by Daniel D. Moody for the sole and exclusive purpose of representing the injured. Our main office is centrally located next to the Polk County Courthouse in Bartow, FL, serving Lakeland, Winter Haven, and all the other communities of Polk County.  Some of Mr. Moody’s honors, memberships, and associations include:

  • The Florida Bar Board Certification – Civil Trial Specialist
  • AV PREEMINENT Martindale-Hubbell Lawyer Ratings
  • Life-member Multi-Million Dollar Advocates Forum
  • Best Attorneys of America – Rue Rating Lifetime Charter Member
  • National Trial Lawyers: Top 100 Trial Lawyers

To schedule a free, no-obligation consultation, contact us online or call (863) 733-9090.

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“Our experience with Moody Law has been awesome, from the first day of calling and talking with the front desk staff and meeting with everyone through the whole process, everyone has been helpful in helping us to resolve this matter.”

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