When you are in a car accident or suffer some other type of personal injury, you may be in the position to get a settlement from an insurance company. However, the insurance company may not offer a settlement that you believe is fair. Here are the signs to look out for that may mean an offer is too low, and what to do next.
Hire an experienced personal injury lawyer who handles insurance claims every day. These attorneys know how to negotiate and settle a case or will take the case to trial if need be. Most work on a contingency fee basis, which means you don’t have to pay upfront and will only owe legal fees if you win. There is no risk.
Your lawyer will consider all the evidence and thoroughly assess your case to calculate the amount of compensation you need and are entitled to. The other driver’s insurance policy will also need to be taken into account. The policy limits can impact the likelihood of you receiving the amount you need from the insurance company or if you will need to file a personal injury lawsuit.
The figure your attorney comes up with will include current and future medical bills and lost income, property damage, along with your pain and suffering and emotional distress. When you enter into negotiations, you will understand the maximum amount you are likely to receive, as well as an amount you should not go below.
Next, your lawyer will help you respond to the insurance company’s low offer in writing. It must be carefully rejected, responding to each point made in the initial offer, such as you being partially at fault. The response will also contain a counteroffer with an argument about why you are entitled to that amount.
The insurance company will most likely come back with a counteroffer rather than accept yours. Negotiations may go back and forth for a while. If the insurer refuses to settle for a fair amount, your attorney will help you decide if you need to go to trial.
You don’t have to accept a less than fair offer from an insurance company. Our St. Louis Personal Injury Lawyers can help you by negotiating on your behalf and ensure you recover the compensation you need. Contact Goldblatt + Singer today for a free consultation.