After an accident, all you want to concentrate on is healing from your injury. However, the insurance company may contact you to discuss the details of what happened and try to resolve your claim as quickly as possible.
Accepting an initial settlement offer may not be enough to cover the damages that you have suffered. This is why negotiating your personal injury settlement with an insurance company should be handled with an experienced lawyer by your side.
Our Maryland personal injury lawyers at Peter T. Nicholl Law Offices want to help you understand the full extent of your damages before agreeing to a settlement offer. Let us help you understand your rights and available legal options during a free, no-obligation consultation.
Once a claim has been filed, the insurance company will appoint an adjuster to handle the claim. This often involves the following step by step process:
If a settlement is not reached and you have a viable claim, we are ready to go to trial, if necessary.
In most cases, the first settlement offer is almost always a lowball offer. This is because an insurer’s bottom line is to save themselves money. They are looking out for their best interests, not yours.
You personal injury lawyer will need to review the settlement offer and determine why the insurer is offering that amount. He or she may even provide additional documentation to help support your claim.
To reject the first offer, you will need to write a counteroffer letter to be sent to the claims adjuster. This letter should include that you do not accept the offer, why you deserve a higher settlement amount, and the settlement amount that you would be willing to accept. Be professional and courteous, and never attack the adjuster in a counteroffer letter. Your lawyer can also help you prepare a response.
It is important to not accept a settlement until you have recovered from your injuries. The more serious your injuries, the more likely you will require extensive medical treatment that will not be considered after you have agreed to an offer. You want to make sure that you are compensated for all of the damages that you have incurred and may continue to incur if you have not yet properly healed.
Negotiating a settlement with an insurance company can be an overwhelming experience. This is why you need legal representation on your side to guide you throughout the claims process. We have helped advocate for many victims to seek maximum compensation for their injuries.
Our consultations are 100 percent free. There is no risks or obligations involved. We are prepared to help you remotely at this time. There are no upfront fees for our services unless you obtain compensation.
Our legal team is available over the phone 24/7. 410-244-7005.