It is very common for an insurance adjuster to inspect your car's damage and then use a computer program to calculate how much the insurance company believes it will cost to get your car fixed.  Then, the adjuster will offer you that amount on the spot and give you a check right then.  It is often difficult for people to turn away money being offered on the spot rather than doing a little bit of research, getting educatedm on the subject and negotiating with the adjustor.  Many people have taken the check from the adjustor and cashed it only to find out later that no repair shop will actually do the required work for that amount of money.  The insurance adjuster has simply tricked the car owner into settling the claim for far less than it is worth.  Then the car owner has to pay the difference in order to get their car repaired....which can be a lot more money. Taking the check and cashing it finalizes the settlement agreement between you and the insurance company.  If the amount does not cover 100% of the costs to repair your vehicle then you must pay the rest out of you pocket.  This is why the insurance company wants 'settle your claim quickly'.  If they settle quickly they can settle for less

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Should I accept the insurance adjustor's offer for a quick settlement for the property damage portion of my car accident claim?

 

A: It is very common for an insurance adjuster to inspect your car's damage and then use a computer program to calculate how much the insurance company believes it will cost to get your car fixed.  Then, the adjuster will offer you that amount on the spot and give you a check right then.  It is often difficult for people to turn away money being offered on the spot rather than doing a little bit of research, getting educatedm on the subject and negotiating with the adjustor.  Many people have taken the check from the adjustor and cashed it only to find out later that no repair shop will actually do the required work for that amount of money. 

The insurance adjuster has simply tricked the car owner into settling the claim for far less than it is worth.  Then the car owner has to pay the difference in order to get their car repaired....which can be a lot more money. Taking the check and cashing it finalizes the settlement agreement between you and the insurance company.  If the amount does not cover 100% of the costs to repair your vehicle then you must pay the rest out of you pocket. 

This is why the insurance company wants 'settle your claim quickly'.  If they settle quickly they can settle for less