Article 4 of 7 in Car Insurance Claim Settlement
If you have filed a car insurance claim to recover money for property damage to your vehicle, bodily injury or both, you will need to negotiate a car accident settlement to get the payout you deserve. Negotiating a car accident insurance settlement is not difficult if you are comfortable and prepared. When you negotiate your car accident settlement, you will need to work closely with an insurance claims adjuster who is responsible for investigating the accident and deciding what the company will pay.
TIP:Insurance claims adjusters have a car accident settlement range and will typically begin at the lowest figure. Their job is to settle the claim for the least possible amount of money. Do not be afraid to reject the first offer, and negotiate a better car insurance settlement deal.
The Insurance Settlement Negotiation Process
You can respond to the car insurance settlement offer, by politely declining and writing a claim letter with a counter offer reflecting the figure you believe your claim is worth. The adjuster will then respond with their own counter offer that should be closer to your acceptable range, and you two will begin negotiating the car accident settlement. You may venture into back-and-forth negotiations for a while, so be patient don't let any delays deter you to give in quickly and accept less than you deserve.
How to Dispute a Car Insurance Settlement
The first step in knowing how to dispute your car insurance settlement offer, is to prepare yourself by gathering as much information as you can about your policy and your claim. Before you respond to the initial car insurance settlement offer from your car insurance company, you should:
How to Negotiate a Car Accident Settlement
Here are some options to bring your claim closer to settlement, even if you have reached an impasse:
If your car accident attorney reaches an impasse and is convinced your case has greater value than the insurance company is assigning it, he or she might suggest filing a lawsuit against the insurance company or the negligent driver. Do not be afraid of this option if the car accident settlement process is not going to get you the money you need to pay for your damages.
How Long Does a Car Accident Settlement Take?
Settling a car accident claim may take days, or it may take months. The length of time depends on the amount in question and the facts of each case. As you work with your insurance company, you need to keep in mind that there are deadlines for you to file a lawsuit should negotiations fail. If your insurance settlement negotiations drag out for several months, you may need to take further action. While you can't force your insurer to settle your insurance claim by a certain date, there are things you can do to speed up the process, such as:
Negotiating your car accident settlement can be tedious, difficult, and frustrating. You will need to be ready to work with your insurance company, but not be afraid of pursuing legal action if they refuse to make an acceptable offer considering the value of your claim. It is not easy to learn how to negotiate a car insurance settlement, and attorneys are trained professionals who can help. Attorney consultations are free, so do not be afraid to rely on legal assistance when negotiating with your car insurance company. Click here to find an attorney in your area.
For more information about auto insurance claims, check out the following articles:
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