No. You do not have to accept a settlement that the insurance company offers. If their offer is too low, you can counteroffer (ask them to pay more). If settlement negotiations break down, and you’re not happy with what they offer, you can file suit—as long as you do it within the appropriate statute of limitations for personal injury or for your particular cause of action or case.
Generally, we do not recommend that people negotiate with insurance companies directly, because they’re usually not going to get as much. In almost every situation, I would recommend that you contact an attorney about your case, and let an experienced lawyer negotiate on your behalf.
If you have more questions about dealing with insurance companies after a car or truck accident in Tennessee, contact an experienced personal injury lawyer at Hodges, Doughty & Carson, PLLC for help and guidance. We can walk you through the process, answer any questions you may have concerning your accident, and help you fight for the compensation you deserve if you so choose.