If you’ve recently been involved in a car accident, your insurance company might offer you a settlement. Whether you accept or refuse the offer is completely up to you, but there are several things to consider. First, you should examine the reasons behind the offer, including how much it might be worth. Then, you should write a response to the insurance company.
Before you make any decision, you should be sure that you’re dealing with an honest and legitimate company. Most states require that insurers handle injury claims in good faith. However, insurance companies may use tactics like pressure to force you to accept their offers. Also, you don’t have to accept a lowball offer, even if you’ve already hired a lawyer. In this case, your first counter-offer should be at least 5% or 10% lower than the initial offer.
Depending on the type of claim you’re filing, you’ll need to provide some evidence to support your statements. This includes pictures of the injuries, medical records, and receipts from doctor visits and other services. You might also have to provide a monetary estimate of the damage to your vehicle. Other expenses you might have to pay out of pocket include hotel and rental fees, as well as the cost of emergency responses.
When you receive a lowball offer, it’s best to write a letter to the adjuster, requesting them to reconsider their offer. Be courteous and professional. Avoid personal attacks. Rather, let the adjuster know that you’re interested in a fair offer and want to discuss it.
Your attorney can help you respond to a settlement offer, especially if you’ve been involved in a car accident. He or she can break the offer down into its components and create a counteroffer based on the value of your damages.
An experienced personal injury attorney can advise you on how to react to a settlement offer. If you have strong legal grounds for a claim, it’s usually better to accept the first offer rather than reject it. It will save you time and frustration later on. Additionally, a personal injury attorney can help you determine whether or not a particular offer is fair, so you can make an educated decision.
Insurance adjusters often try to browbeat injured people into settling for a small amount. They may offer a low offer simply to test an unrepresented claimant. Alternatively, they may offer a low offer just to end the process.
While an insurance adjuster might be motivated by the need to keep their company in business, it’s important to remember that they are working for the company, not you. Therefore, if you’re upset about the offer, you should be calm and wait until you’re better. Trying to respond emotionally will only exacerbate your problems.
Ultimately, your goal is to protect your property, money, and rights. To do this, you should be patient, thorough, and careful. And you shouldn’t accept an offer until you’re sure you’ve gotten all of the information you need.