It isn’t easy getting a good settlement from an insurance company after an accident—and it’s definitely not a one-step process. For most people, there is a lot of back and forth that you will have to endure for your case. But, it is good to know where you stand and what you can do to improve your chances of a better settlement.
Settlements from Insurance Companies: The Facts
After an accident, you will file an insurance claim with the company, whether it is your own or the other driver’s. Your claim is then passed down to an insurance adjuster. This person will gather information and check the police report. They will then decide who was at fault for the accident, calculate the damages, and then negotiate and determine a settlement amount. While this all seems very honest, it’s important to remember that these companies are instructed to offer the lowest settlement possible, regardless of whether or not it is truly what you deserve.
What Was the Outcome of Your First Settlement?
Sometimes insurance adjusters will come back with a ridiculously low settlement while others will reject claims outright. But, to know if your settlement offer was fair, you must first know what a good value is for your claim. This is where an attorney comes into play. An attorney can help you decide how much your accident and losses are actually worth and then determine a fair number.
Also, if your claim was rejected from the start, then the insurance company must provide an explanation or provide a rationale as to why. Sometimes it is because of lack of coverage, but there are other technical legal reasons that your attorney may have to assess.
Rejecting Low Ball Offers and Negotiating
You have the right to reject an offer given to you by the insurance company. If you feel it is too low, then reject it and start negotiating for something better with the claims adjuster. You will of course need to use the facts of your case to prove you need more, such as showing medical bills, lost wages, damage to your vehicle, etc.
If the adjuster realizes you are not going to take a low offer, then he or she will start to work toward a higher offer. But, the second offer they make may still not be enough.
Want to Negotiate with Insurance? Get a Car Accident Attorney by Your Side
The best way to ensure you get the biggest settlement from your insurance company is by speaking to an accident attorney. A car accident attorney will assess your case and start negotiating on your behalf to ensure you get the best possible settlement.
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