Tips to Negotiate a Fair Personal Injury Settlement
Posted on Jun 30, 2014 9:00am PDT
While ideally a personal injury lawyer can help you implement these and other strategies, the reality is that even with an attorney on your side, your actions can influence your dealings with insurance for good or ill. If you are about to enter negotiations with an insurance company, there are several general tips that might help you in your injury claim.
- Know the amount you want. Before you send in your demand letter, you should have a concrete idea of the settlement offer you want, and what would be the lowest offer you would be willing to agree to. Do not tell this amount to the adjuster, but always have it on your thoughts during the process. It can guide you to making the right choices. However, you might need to be flexible about this matter if the adjuster points out good reasons.
- Ask the adjuster to explain a low settlement offer. Of course, the first offer is going to be low. You may not have to budge your offer though. You can go on the offensive instead, requesting the reasons offer the offer. Keep track of the answers. And next discussion, the adjuster might give you a better offer.
- Never accept the first answer. Typically speaking, you will never get a good offer the first time around. An adjuster hopes that you will agree to a significantly low settlement in order to get money fast. Still, the settlement offer might be almost fair. You might reply with a slightly lower figure in your next letter, and the counteroffer process of negotiations will have launched.
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Don't go over every detail;
focus on your strongest reasons. This includes your emotional arguments as well. If you took good pictures and can convey how traumatic an accident was, or how devastating an injury is, definitely bring this evidence forward. If the other person was particularly reckless, such as under the influence, heighten this aspect. And so on.
If a personal injury lawyer is on your side throughout this process, this can give you an edge as you join efforts. You can have the advice and smart representation that could guide you to fair compensation. Learn more about how a legal professional can help you when you contact an experienced advocate today!
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