Negotiating car accident injury claim settlement – the proper wayInsurance Claim (1)Negotiating a car accident injury claim settlement is difficult and challenging if you don’t have any idea how it works or how to talk through to it. The auto claims adjuster is a highly trained and prepared professional. Their job is to make sure they will successfully sell you or make you agree to their lowest settlement amount possible to their advantage.
However, with proper knowhow, you can increase your car accident claim settlement amount to your favor.
Here are some tips you need to take note of:
Determine your minimum car accident settlement value or amount. By determining your baseline amount acceptable to you that you are willing to accept, you will have an idea where to start with or end the negotiation at. DO NOT SHARE your baseline amount to anyone even with your car insurance adjuster. It will also help you avoid rash decisions that you will regret at the end of the negotiation and process. Having a bottom line figure doesn’t mean that you will accept the lowest amount offered to you by the adjuster. Your goal is to make the car accident injury claim settlement amount higher. And in order for you to do so you should,..
NEVER settle with the first Car accident settlement offer. It is a basic negotiating tactic is to offer the lowest amount first. Take note that claim adjusters are highly trained sales professionals as well. The main reason why they do this is to determine your reaction once you hear the least amount they can offer you. They want to
see how desperate are you to settle your claim. Take note that most of the time, the first offer is the lowest offer also, the first offer is not definitely the last offer. Not many individuals know this tactic reason why most people unfortunately accept the first offer right away. Not knowing there are still room to work with. When the claim adjuster offers you an amount, ask yourself, “is the settlement offer unreasonably low?”. If it is, note that,…
Demand an explanation for the offer. The claim adjuster’s job is to give you the lowest offer possible. And if they do so, ask for an explanation or reasons why the offer is very low. If the reasoning doesn’t make sense to you, like he/she didn’t show you proof you were at fault of the accident, or your car accident injuries are not that serious, then it is a bluff. Do not accept the offer and make some adjustments. The proper way to do it is by,..
Gradually decrease your car accident injury settlement amount. The right way to do this is to play with a bracket of 10-20% decrease on your settlement amount. The decreased value is not that big but it will guarantee that the negotiation will go further. It will also show that you are willing to negotiate further but not that flexible adjusting the settlement amount. Keep in mind that the claim adjuster will continue to lower the value of the settlement amount and if you do so, its always best to decrease the amount in small increments. Also,
Avoid over reducing your car accident injury claim settlement amount. Negotiations only work if both parties are willing to budge from their initial personal injury settlement demands. Whenever you decrease your settlement value, you should always wait for a response from the claim adjuster increasing their own offer or demand. By decreasing the offer from time to time without getting a better offer from the claim adjuster, your claim will appear weak and makes it look like you’re just guessing and unclear about how much your claim is worth. The insurance adjuster will keep pushing your claim further down until you give up and accept a low settlement. And lastly,..
Get an experienced Car accident injury attorney. An attorney can help force the issue by speeding up negotiations. The attorney may be able to write a final settlement letter to encourage the company to work more diligently on your claim at the threat of legal action. Additionally, an attorney will know when to end negotiations and file a lawsuit. One of the known law firms who support car accident injury claim in Kentucky is Dan Partin Law firm.
These are simple basic knowledge in handling Car Accident Injury Claim settlements negotiations.
Source: http://danpartinlaw.com/practice-areas/auto-accidents/ http://danpartinlaw.com/