What is a settlement offer?

A settlement offer is an amount of money you are offered by the other party involved in an accident as compensation for any injuries, property damage, or other losses you may have suffered due to their negligence. If you accept the settlement offer, it means you agree to end the legal dispute and you are foregone to take any further legal action against the other party. In California, the settlement offer amount is usually determined by a lawyer, taking into account the extent of the damages, the estimated recovery time, and any other factors that may affect your legal claim. In some cases, an insurance company may be the one offering the settlement offer instead of the person or organization that may ultimately be responsible for the accident. The settlement amount offered by the insurance company may be less than that offered by a lawyer, so you should carefully consider whether you feel it is a fair amount before accepting it.

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What is a settlement offer?

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