In this article, We’ll look at how to negotiate a settlement with an insurance claims adjuster. If you are claiming insurance after injury, You should know that the insurance company also can negotiate. If you have insurance to fund a lawsuit, Then you may have to play along with the insurance company in court. If you have a proper demand letter, And all the documents needed for the negotiation, Then you can expect to get your money with some calls with the insurance adjuster. The insurance adjuster will offer you a low amount of insured sum with counting other flaws with your claim, You or your lawyer might counter that with a higher amount but still not what you have written in the demand letter. After some rounds of calls, you may settle for an amount that is in the middle ground.
1) Make Your Mind For Settlement
When you create your demand letter make sure about how much of a claim you want to have. Also, Think of a lower amount than you may accept during the negotiations. Make sure you don’t mention the lower claim amount anywhere in the demand letter. It is necessary to think of a minimum claim settlement; Because during negotiation, the insurance adjuster might throw out some facts that you did not consider earlier.
2) Don’t Take the First Offer
Never take the first offer, In most cases, this is their trick. If they offer too low, You should stay with the price in your demand letter. If they came with a somewhat reasonable price, Then lower your settlement a little from the demand letter. This will show that you are willing to negotiate and take this discussion further. But make sure that you don’t quote a very small amount. After many negotiations, You can come up with a price good for both; That seems fair to both.
3) Ask Questions
If the amount is very low, And you can clearly see that the person is trying to judge your skills. Ask them to justify the lower settlement amount, Don’t just lower your amount after their offer, But wait for a proper response. have a notebook and paper with you, Take notes and then briefly counter those points with your own. this tactic will make the insurance adjuster uncomfortable; And will give you room to come up with a good settlement.
4) Talk Emotion
Mention few details but strong points, This includes emotional talks. Tell the insurance adjuster that the other person was at fault for this accident, that you have suffered great pain from the injuries, your medical bills are also not expensive. Talk about the mental state after the accident, To put more pressure send photos of the accident or smashed car. Talk about the trauma that your kids faced.
5) Get In Writing
After you and the insurance adjuster decided on a settlement amount. Make it legal with writing. Create a simple document stating the settlement amount and other details. The document should also include details about injury and accident dates. And get this document digitally or physically signed by the insurance company.
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