South Philadelphia Personal Injury Attorney on Settlement Negotiations
April 4, 2022
Attempting to receive fair compensation for injuries sustained in an auto accident can be very difficult without assistance from experienced South Philadelphia personal injury attorneys. When you don’t understand your rights or know how to effectively negotiate with insurance adjusters, you are prone to making mistakes that may substantially reduce the value of your claim.
Initial Stage of Negotiation
Even though negotiating a settlement tends to be less expensive and less time-consuming than going to trial, it’s still an adversarial process. Gather evidence that supports your claim and present persuasive arguments regarding the amount of compensation you are seeking when negotiating with the insurance adjuster. Usually, the injured party or the injured party’s attorney lets the insurance adjuster know how much money he wants. Some of the issues the personal injury lawyer must analyze in order to calculate the value of the claim include:
Liability of the defendant
Severity of the injuries
Cost of the past, present, and future medical expenses
Loss of income
Limits of insurance coverage
Cost of repairing damage to your vehicle and other property
During the negotiations, the insurance adjuster often makes an offer that is less than what the insurer is willing to pay. Issuing a payment for less than the actual value of the claim protects the financial interests of the insurance company. Improve your chances of getting a fair settlement by providing detailed medical records and other documents that describe the full extent of your losses. Give specific reasons for requesting the amount of compensation listed in your demand letter. The personal injury attorney and insurance adjuster often go back and forth during the negotiation process before an amicable resolution is reached.
Contact a South Philadelphia Personal Injury Attorney
Getting hurt in an auto accident can turn your life upside down. Missing time from work, receiving adequate healthcare treatment for your injuries, and being able to pay your medical bills are major concerns after being involved in an accident. Caiazzo Law Offices is dedicated to fighting for the rights of their clients. We give our clients the attention they need and use our legal expertise to protect their best interests. Call us to schedule a consultation with a South Philadelphia personal injury attorney.