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Home » Negotiating a good settlement of a personal injury claim
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Negotiating a good settlement of a personal injury claim

businessnewsBy businessnewsFebruary 8, 2023No Comments2 Mins Read
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You might be eligible for a personal injury settlement if you were injured in an accident. But how do you conduct a good settlement negotiation? If you need help, you may want to reach out to a Personal injury attorney in Atlanta. By speaking with a personal injury attorney, you can assess the value of your claim and negotiate a reasonable settlement with the insurance company.

The personal injury settlement process:

The nature of the injuries, the expense of medical care, the recovery period, and the prevalence of any protracted disability or impairments are just a few of the many variables that affect the value of a personal injury claim. A thorough knowledge of the worth of your claim is essential if you want to receive fair compensation. Here are the steps of the settlement negotiation process:

Filing a claim with your insurance company:

In essence, when you file a claim, you notify the insurance provider of your loss or losses and request that they pay for any associated costs or expenses. When you hire a personal injury attorney, they usually take care of this step for you. 

Reject the First Settlement Offer from the Claims Adjuster:

The initial offer that the insurance adjuster makes to you is nearly always a “lowball” offer. They may justify their low offer by arguing that you shared some blame for the incident that resulted in your injuries or that your injuries weren’t severe enough to justify a higher amount. 

Compile all of your records:

If you got or are currently receiving follow-up care, you should gather all medical documents, bills, and/or other expenses from treatment facilities. These comprise the documentation and invoices for any emergency room visits, ambulance transportation costs, any physical therapy you could have had as follow-up care, and any prospective MRI documentation.  

Highlight emotional pain points:

Mention any sentimental grounds for your position during negotiations. These factors can be quite effective in persuading an insurance company to settle an accident claim, despite the fact that there is no way to put a monetary value on them.

Final thoughts:

Once you are done with all the steps, wait for a response. Till you receive a fresh offer from the adjuster, refrain from lowering your demand more than once. Never lower your demand twice without the adjuster making an increased offer in between; this is poor negotiation.

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