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What To Do With a Low Settlement Offer From An Insurer?

November 22, 2019
settlement

Insurance companies are far from someone’s favorite entity to deal with. Long waiting times, indirect answers, and low balling your settlement is how these companies get away with money that belongs to you. After you have been injured in a car accident, you just want to get what belongs to you and move on with your life. The insurance companies count on this. They hope that’ll you take what they offered and cut your losses. Don’t be taken advantage of by these big companies. Below we’ll discuss the steps you can take to get the money that is owed to you.

Initial Response

After getting an insultingly low offer, your first reaction might be anger. Of course, this is a completely normal response to have. No one wants to feel like they’ve been cheated. However, instead of reacting as soon as you get the offer, cool off. Take some time to look at it, and analyze the offer. Is this actually a fair offer? If it’s too low, explain why to the insurance company. You should write a letter to the insurer, but first, talk to the adjuster assigned to your case. They’ll be able to help you understand why they offered you what they did. This can help you formulate a response that can counter their points.

Your response should include more information than just the things that include your car. Things like the emotional aspects of your accident or even the time you had to take off for work. This will help your argument. Just remember to be courteous. Don’t take your anger out on the insurance company. This won’t help you get anywhere. Cooler heads prevail in these situations. After you reject their initial offer, make a counter-offer. This should be a realistic offer. Don’t go overboard, you want to make an offer you think is fair. The more realistic you are, the more likely the insurance company is willing to settle for your counter-offer. If not, they might send you another offer and go back in forth until both parties agree on a fair amount.

Wondering the Worth of Your Personal Injury Case?

After a personal injury accident, your top priority should be recovering. Not trying to figure out which damages you may be eligible for and determining the value of your claim on your own. Consult a Texas personal injury lawyer from Begum Law Group.

To find out how much your personal injury claim is worth, contact The Law Giant right away. You can count on us to investigate your situation and ensure you secure the fair compensation you deserve. To schedule a free, initial evaluation of your case, contact us today at (866) 523-4167.

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