When the process of negotiation and settlement heats up in your personal injury case, make sure that you chalk out an effective strategy to get the best payment possible under your specific circumstances. Here are the top tips to aid you devise your strategy in this regard.
1: Think Of a Practical Settlement Amount
While preparing a settlement demand letter, it is imperative to figure out a range that you consider your claim is worth of. This means, you need to think of a minimum compensation figure that you will accept. However, make sure that you do not reveal your minimum expected amount to your adjuster. At the same time, it’s not sensible to cling to the amount that you have decided for yourself. In case your adjuster indicates the facts that you have not reflected much (yet, they do make your claim weak), then you might need to reconsider your minimum expected figure. At the same time, if you manage to discover evidences that make your claim gain a stronger foothold, then you can definitely ask for a higher compensation.
2: Do Not Grab At The Very First Offer
It is typical for almost every insurance agencies and adjusters to start negotiation by offering the smallest settlement amount. In fact, in certain cases, they can deny of any legal responsibility- altogether. It is just a tactic they employ to see whether you are aware of what your claim is worth of. Also, in many cases, victims, who are unaware of the worth of their claim, and often impatient to get money, agrees to whatever amount they are being offered. So when the first offer will be made to you, ensure that you judge if the offer they have made is reasonable enough. If it is reasonable, then you can counteroffer an amount that is slightly low than what you have asked for in your demand letter. This will make your adjuster believe that you are also being sensible and keen to compromise. A little bit of bargaining, under such circumstances is sure to result in a fair and amiable settlement.
3: Allow Your Adjuster To Validate The Low Offer
If initially, your adjuster proposes an amount so low that you cannot accept it in by any means, then ask the agency/party to specify their reasons for offering such a paltry amount. Take notes from the conversation. Afterward, prepare a small letter, addressing to each and every factor that the adjuster has talked about. You may need to lower your demand slightly on the basis of the validation of your adjuster’s reasons. But before you re-consider your amount, wait to see if your adjuster responds to your reply. If it doesn’t happen, then it’s time to have a talk with your adjuster, directly asking for a reaction. The adjuster will now be bound to make a reasonable offer, thus allowing you to bargain and settle for an agreeable amount.
4: Lay Special Emphasis On Emotional Factors
For example, if your accident has interfered with your capability to support your child, then refer that point to your adjuster. Such emotional factors can be extremely powerful while settling an accident claim with an insurance agency.
5: Know The Right Time To Hire An Attorney
A personal injury solicitor should particularly be consulted under the following circumstances:
· You will demand compensation for grave injuries: If your claim is beyond a few hundred pounds, then make sure that you hire a professional personal injury attorney to settle you claim. Insurance adjusters are least likely to offer a fair recovery amount to the claimants if they remain unrepresented.
· You are claiming for the future damages: An attorney can help you get your medical expenses covered by the adjusters. Plus, they can also assist you get a fair settlement in case you lose your ability to continue your job due to the injury.
· When there is a scope of fault: A professional solicitor can manage the loopholes and craft the argument to your favor.
There are a number of legal firms that offer their services for justified charges. You might want to contact one of them.