If you have been injured in an accident, you hope to win a good settlement from the insurance company. By understanding the negotiating process, you increase your chances for winning a fair compensation.
Steps to be taken by an injured claimant
Create an organized demand letter. Collect support documents, which can be sent to the insurance adjuster, along with the demand letter. Gain an appreciation for the strengths and weaknesses in your claim. Claimants that have gained such an appreciation find that they can fine-tune their approach.
Determine what you believe your claim to be worth. This should be viewed as the minimum amount of money that you will agree to demand from the insurance company. Understand, that you might want to re-think your determination of the claim’s worth at some point in the future. Gain an understanding for the significance of the 1st offer from the insurance company. If it is a very small figure, the insurer is testing you, in order to see whether or not you know what you are doing. You should not accept such a “low ball” offer.
Stand prepared to take advantage of the presentation of a low-ball offer. Respond by asking for justification of the small amount of money that has been offered to you in the way of compensation.
The ideal approach for a claimant
When speaking with the insurance adjuster, focus on the strong points in your claim. Never hesitate to repeat the costly nature of an injury. What amount of money did you have to pay? What amount of money did you lose, while recovering?
Mention the level of emotional distress that was created by the need to deal with unwanted and unexpected medical problems. Emotional issues can be introduced at any time during the negotiating process. Yet, neither side can raise those same issues during a courtroom proceeding.
Once you and the adjuster have agreed on a figure, get the final terms for the agreement in writing. Ask the adjuster to send you a notice that spells out the exact injuries that will get covered by the promised compensation package. State that you expect the same notice to include the date when that expected package will get mailed to you, or to your attorney.
How to avoid a possible problem?
If the check will get directed to your Personal Injury Lawyer in Hamilton, then make sure that the same lawyer knows what name to use on your check. After deducting the contingency fee from the amount received, your lawyer will write a check to you. You do not want to get a check that bears your nickname, and not the one that you have on your bank account. Save yourself time and trouble.