Negotiating Insurance Settlement In A Personal Injury Case

Negotiating Insurance Settlement In A Personal Injury Case

When you have a personal injury claim, whether you were involved in a car accident or on the taking end of a medical malpractice, after submitting a demand letter to the insurance company, it is space to negotiate.
If you have handed over a well - prepared demand letter along with the proper supporting files and documents needed to an insurance company, the negotiation process of your claim will most likely consist of no more than some phone calls with an insurance adjuster.
This article will briefly spell out how claim negotiations usually work. It will also grant you with several suggestions to second you in succeeding in the divers stages of the process.
Negotiation Process: How it Works
During your first call with the adjuster, both of you will each father your points lamp the strengths and weaknesses of your personal injury claim. The adjuster will thereupon suggestion you to make a claim settlement for a figure that is lower than what you asked for in your demand letter. You will counterbalance with an amount that is higher than the overture of the adjuster but lower compared to the amount you initially stated. Usually, after about two or three phone calls, you will have an agreement on a settlement amount sometime in between.
Negotiation Process: What to Do?
• Have a Settlement Figure in Mind
As a branch of the preparation of your demand letter, you should have topical settled what you feel your personal injury claim is worth. Within this scope, you should make a understanding about a minimum settlement amount that you will accept before conversation to an insurance adjuster about your demand letter. This amount is for your own personal information so that you can bear your bottom line in mind when you are under the pressures of the negotiation process. This information of yours should not be accessible to the insurance adjuster.
However, you do not have to influence on to that amount that you have set for yourself. If an insurance adjuster indicates some details that you did not consider but that evidently makes your claim weaker, you might have to minor your rate a bit. In supplement, if the adjuster begins to overture you a settlement coincidental or almost the same as your minimum, you comprehension yearning to change your assessment upward.
• Do not Jump on the First Offer
When the adjuster makes you a first proposal, do not immediately hop at it as it may be so gloomy that it is merely a paste-up to sign if you understand what you are involvement. Or, it endowment be a moderate proposal but it is too moody.
If the first offer is fair enough, you can counteract immediately that is a bit lesser compared to the physique in your enjoin indite. This will expo the insurance adjuster that you are also being moderate and are eager to contribute. A bit more negotiating should get you to a settlement figure that you both comprehend is just and fair.
• Get the Insurance Adjuster to maintain a Low Offer
If an insurance adjuster makes you a first offer that is so low that it is remarkably a mere negotiating scheme to check if you really know what your claim is worth, do not lower the figure you stated in your demand letter immediately. You should instead ask the adjuster to favor you exact reasons why the suggestion is low. Take down notes of what he / lassie tells you. You should accordingly write a short letter answering to each of the reasons the adjuster has vocal.
Personal Injury Lawyer in California
To fully understand all the matters concerning the settlement of your personal injury claim with insurance companies, it is best to search legal assistance from a competent lawyer in California.