The Short Answer Is Very Rarely
Video Transcribed: Can you still get compensation from the insurance company after you settle with them? Hey everyone, Christopher Stevens here certified paralegal with the Wirth Law Office in Tulsa, Oklahoma, working in personal injury in Oklahoma.
Now, the short answer is very rarely. The vast majority of the time, personal injury settlements are a one-and-done type of scenario.
Once you signed the release, you state you will never again go after the person for the damages you suffered due to that incident. Now in the past, I’ve had some potential clients come in that had already signed the release paperwork.
They already got the check, cashed it, everything was done. Then come to find out, their medical condition was actually far worse than they originally thought. The problem is they can’t go back after the insurance company and they’re insured because they’d already signed that release.
That’s something to always consider whenever you are given release paperwork from an insurance company, is to really sit down and think are all of your damages accounted for? Are you done with your medical treatment?
Is there anything else that you need to tell them about? But even more importantly, you might consider sitting down with an attorney, and speaking with that attorney about what your current situation is, here’s what your medicals work, here’s what your treatment status is, and see what their thoughts are on whether or not your case might even be close to needing to settle.