Life is difficult enough without having to worry about receiving a fair settlement from an auto accident. Auto accident claims rarely go to trial, because both parties actually reach a mutable settlement offer. Insurance companies respect victims who display knowledge of the law, and can easily interpret insurance jargon.
However, not everyone is knowledgeable in the areas of mediation, and negotiation tactics. The most compelling cases often land a satisfactory settlement, following a persuasive follow-up letter. Here are at least (five) great tips to help you settle a car accident claim.
5 Ways To See Your Car Accident Claim Through
Learn the Correct Terms
Any injury you receive following an auto accident is referred to as a personal injury and your damaged vehicle is considered damaged property. Even if you are not the one at fault, you are entitled to compensation for damages, injuries, personal loss, and medical fees.
Include the Facts
When sending out a persuasive follow- up letter, be sure to include the facts. A well- written letter has all the details of the accident, including:
- Date and time of the accident
- The parties involved
- Make and model of the vehicle (s)
- Medical treatments -dates – cost
- Name of other party (ies) Insurance company
- Other party attorney
Including these facts in a demand letter ensures a prompt response. The letter opens the door for fair and honest settlement negotiations. This is perhaps the most crucial, and in some cases, the only time you will have to represent your case to the insurance company.
Never Settle for the Initial Offer
Once the insurance company receives your letter, the company will be inclined to present you with an offer. Never settle for the first offer. This offer says; we know you have a claim, but we are not going to give you what you ask for without a fight. This is your clue to commence counter negotiations.
Increase the amount by an earnest amount, without settling for less. Leave room to negotiate. You must consider all that you have lost as a result of the accident such as:
- Lost wages
- Insurance benefits
Following any accident, victims often lose something of value. You have to consider your loss, and add a value to it. This is important to remember when you are negotiating for a fair settlement offer.
State Why the Initial Offer is Unacceptable
Give precise details as to why the initial offer is not acceptable. Be sure to be as specific as possible, and if necessary crunch the numbers to show the cost for expenses like:
- Medical care
- Vehicle repair or rental
- Loss of wages, etc.
The more liabilities you can prove the better chance you have of getting the amount you ask for. If negotiations are unfruitful, consider mediation. Mediation is a step below taking the matter before a jury or judge. A personal injury mediator or attorney can shed light on both perspectives, and point out the strengths and weaknesses of both cases. If an agreement is reached, the next step is to accept the offer. Go here to read more about car accident liabilities.
Tip # 5
Sign off on the Acceptance Agreement
Any verbal offer should be translated and recorded for legal reasons. However, to ensure that you get the best settlement following a personal injury, hire a professional personal injury attorney. The steps you need to take to ensure a fair settlement are difficult, and time consuming.
Hire A Personal Injury Attorney
An experienced attorney can protect your rights, and negotiate a fair settlement for you and your family. Do not sell yourself short, or settle for peanuts. Get the compensation you deserve, and resolve your case in a legal and timely fashion. When it comes to personal injury claims, experience matters.