Do I Have to Take the First Settlement Offer After My Car Wreck?

No, you don’t. That is a trick the insurance companies will oftentimes use on people who don’t know their legal rights. They might extend an offer and give you a time limit to take the offer.

In every state, there’s a statute of limitations or a prescription period for filing lawsuits. This law governs how long you have to file a lawsuit. In Louisiana, the prescription period is one year after the date of your accident—so there is a deadline, but your lawyer can help you meet it.