After a mishap, the insurance provider will probably speak with you to discuss a settlement agreement. The insurance provider is banking that you will accept their offer, even though it is typically far below what your case is worth, to avoid giving you the total amount of damages.

If the insurance provider calls, you have the right to say that you would prefer to speak with a Wyoming injury lawyer about your claim before making any choices. Many affected individuals, nevertheless, are unaware of this and could agree to the offer verbally. Even if it might not be sufficient to halt discussions, this might impact your case.

Here, we go through whether a verbal contract is legally enforceable and whether it would be sufficient to end discussions for compensation.

Are these agreements binding?

  • The injured person typically accepts compensation in writing in personal injury lawsuits. The health insurer might make the sufferer a spoken offer at first. 
  • Nevertheless, there is documentation that comes after that proposal is accepted. The documentation typically includes the financial sum provided and any additional acceptance conditions, such as waiving the insurance company’s responsibility if your ailments aggravate in the future.
  • An insurance company may occasionally use a “gotcha” tactic to get an injured person to accept a proposal made to them over the telephone verbally. The health insurer can claim that verbal consent is binding because telephone calls are frequently taped.
  • It is indeed possible that the agreement will be upheld if you attempt to challenge it in court. Due to the established practices for settling claims, it is not as likely to be implemented in an incident.

Can I cancel a verbal agreement?

  • Generally speaking, a verbal contract you had with the insurance provider could be revoked. However, it can be based on the way it was executed.
  • It might be more challenging to back out if you verbally agreed to the deal in a taped phone call that uses the same wording as the contract anybody would sign to agree to a deal.
  • Alternatively, if the exchange was less formal and you were not informed of all the proposal details, you could have greater leeway to withdraw your agreement.
  • There is a lot of potential for resistance regarding verbal contracts in personal injury lawsuits. You must have a lawyer on your team skilled at refuting the insurance company’s claims.

What should you do if your insurance company refuses to continue negotiations?

  • There is indeed a potential that the insurance provider will try to end negotiations if you verbally agreed to a settlement but afterward changed your mind since it did not satisfy your demands. 
  • This does not imply that you have no further avenues to claim restitution. You might be able to initiate a lawsuit to help obtain reimbursement for your medical expenses, lost income, and other losses based on the kind of coverage you have.