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Personal Injury

Tips for Getting the Best Personal Injury Settlement

| Staff Report |

After being been injured in an accident through no fault of your own, you might now be trying to negotiate with the insurance company to get the funds necessary to cover your medical expenses. You may be having a hard time with this process as you may be feeling overwhelmed by the impact your injuries are having on your life and may even be questioning whether your life will ever go back to the way it was before the accident.

However, you know how important it will be to get the best personal injury settlement to cover all the expenses you have incurred and those you may still face getting your life back on track. You also know there must be a way to increase your settlement but have no idea how that can be achieved. Read on to find out how.

Talk to an Attorney

Personal injury attorneys are your best allies when you have suffered an injury through no fault of your own. They will help you when your injuries are severe, and you are seeking a large sum as compensation. Also, they will help you in cases where you know you will need extra funds in the future to complete your medical treatment and recover your health or when there is a question of fault for the accident, and you need help crafting a strong argument in your defense. Your lawyer will likely work on a contingency basis which will not put any additional financial stress on your shoulders.

Have a Goal in Mind

As you draft a demand letter, you should consider the amount that would satisfy your claim. It is important to have this figure clear in your mind before you receive a call from the insurance adjuster. There is no need for you to reveal this figure to the adjuster or anyone else but knowing it will allow you to negotiate with the adjuster from a position of strength. Knowing the number will make it more likely that you will not be pressured into accepting a lowball offer, which is what insurance companies tend to do.

If the adjuster has clear arguments that explain why you are being offered less than you expected, you may have to lower your expectations to match this reality. On the other hand, if there is any evidence that makes your case even stronger, the initial amount you had calculated might be increased.

Resist the Temptation to Accept the First Offer

The insurance adjuster will start with a low offer. This is because they want to know if you are aware of how much your claim is worth and also to test out how much patience you have and how willing and ready you would be to negotiate.

If the initial offer is extremely low, let them know you will not even present a counteroffer. As it comes closer to the amount you have in mind, you may have to lower your expectations a bit to achieve a compromise and reach a settlement. Keep your strongest arguments in mind during the negotiations, such as the fact that you had no fault in the accident.

Ask for a Justification for the Low Offer

Tell the insurance adjuster that you need to know their arguments for the low offer and take notes. You can use this information to write a letter to the insurance company responding to each of the arguments the adjuster mentioned. Wait to see if they increase their offer based on your reply before rushing to accept the low offer. You may end up receiving an offer that meets the amount you have in mind or at least comes much closer to it.

To move the negotiations along in your favor, remind the adjuster of the pictures of the injuries you sent in with your claim. And if you have not yet sent them, do so now. If the accident has left you unable to care for your children or elderly parents, bring that point up as well. In short, press all emotional buttons to get the adjuster to increase their offer.

Get it in Writing

When the settlement amount is finally agreed upon, ask them to put it in writing. If you don’t want to wait, write the letter yourself and send it to the insurance company to confirm the settlement amount and your willingness to accept it.

Photo from Pixabay

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