Dealing with an insurance company can be quite unpleasant. You may discover that when you are attempting to file a claim on your insurance policy and instead they blame you for your car accident or try to get out of having to pay you anything at all.
You will want to figure out a settlement if you have a personal injury claim, were injured in a car crash, or if you have been the victim of medical malpractice. After you have presented a demand letter to your insurance carrier, use the below-listed suggestions to negotiate your personal injury settlement.
When you tender a claim, your insurance adjuster will normally respond by offering you a smaller amount than what you asked for and try to get you to settle. This is when you respond by making a counteroffer that is larger than the one the adjuster attempted, but smaller than you first requested.
Receiving Your Reservations of Rights Letter
After your talk with the adjuster, you will probably receive a Reservation of Rights Letter from the insurance carrier, which indicates that they intend to investigate your claim but will not give you a dime if the accident is not covered under your current insurance policy.
Speaking With Your Claims Adjuster
After you reject your initial offer, your claims adjuster will reach out to you again in an attempt to negotiate. There could be three, four, or seven negotiations, as many as it takes to wear you down. Never decrease your offer more than one time. Stay determined and hold fast for the financial compensation that you have decided is fair.
Getting Your Final Settlement Offer in Writing
While you are embroiled in these negotiations, your claims adjuster might make a final settlement offer. It is up to you to determine if what he is offering is fair and satisfactory to you. If you believe that it is, then go ahead and take him up on his offer.
Insurance companies are businesses first and foremost. That means that they are there to turn a profit and the main way in which they do so is by taking in as many premiums as possible and paying out on claims as little as possible. You will be dealing with an experienced adjuster whose job is to do just that. If you want the best possible outcome for your case, you need an attorney who is experienced in these types of cases.
If you have been injured due to another person’s carelessness, negligence, or maliciousness, you need to contact a personal injury attorney as soon as you can. At Moynahan Law Firm, our attorneys are prepared to respond aggressively to your claim and to see to it that you get the full amount that you deserve for your damages. If you would like to discuss your personal injury case with one of our experienced attorneys, then please reach out to us at (203) 597-6364 today.