After an accident in which someone else was at fault, you may receive correspondence from the at-fault party’s insurance company. This correspondence may include a settlement. Should you take it? Or should you negotiate? If you are not sure, then your next step should be to call a personal injury attorney who can assess the situation and give you an honest appraisal of what your case is likely worth.
You can contact The Law Offices of Larry H. Parker at 602-340-0030 for a free legal consultation. In the meantime, you can also keep reading for tips on how to settle with an insurance company after an accident injury.
Focus on the Facts but Include the Emotional Impact Too
Yes, you want to make sure that you discuss the facts with including your medical expenses, property damage you have suffered, and other aspects of the financial situation, such as your need for physical therapy or lost income while you recover. However, you should also discuss the emotional impact. You are likely eligible for pain and suffering damages. Make sure the adjuster has the facts about the entire situation before you accept a settlement.
Remember That it Takes Time
Do not assume that as soon as you talk to the insurance company, they will have a reasonable offer for you, or even that you will get an offer by the time you get off the phone. The truth is that it can take weeks, months, or longer. This is one of the reasons you should work with an attorney. We can send a demand letter with our desired settlement amount.
If the insurance company is not willing to accept it, they may offer a counter. We may need to talk to them several times and negotiate aggressively to get you a fair amount. Talk to us if you are experiencing financial difficulties. You do not want to settle too soon and give up the money you deserve in exchange for a fraction of that amount.
Get Everything in Writing
If you talk to the insurance company and they offer an amount that is acceptable to you, ask them to send a confirmation in writing right away. Otherwise, you could believe that everything is settled, only to go sign the paperwork next week and find that they have dropped the amount significantly. They might count on you being willing to sign it at that time just to get it over with.
Unless your case is very straightforward and simple, such as a two-car accident in which there was only property damage and no injuries, it is best to at least consult with a personal injury attorney. You can reach The Law Offices of Larry H. Parker at 602-340-0030 to get started.