If you’ve been injured in an accident, you may be wondering how to deal with the insurance company and what their settlement offer will be. This can be a difficult process for many people.
Contact Insurance Company
When you first contact the insurance company, it’s important to collect as much information as possible. You can ask them for a copy of their police report, accident report and medical report on your behalf. If they have one, ask them if they can provide it directly to you so that you don’t have to go through an intermediary or get copies yourself.
Asking for these reports will help ensure that all sides are being treated fairly during negotiations by allowing both sides access to all relevant documents in order for them to make informed decisions about what exactly happened during this accident.
Readying a Settlement Demand Package
A Settlement Demand Packet is a written statement that provides the court with your side of the story and allows you to lay out your case. Your injury lawyer in Pickering should have all relevant documents ready at hand when writing up this packet, including:
● A copy of your medical records (if applicable).
● Copies of police reports and other incident reports that are relevant to your case.
● Photos or video footage showing what happened during an incident if possible.
Negotiation for the Settlement Amount
Negotiate the amount of money you want. In this situation, it’s important to be prepared to explain why you are asking for that amount. If they tell you that they can’t pay more than $100,000 but you’ve been hurt on a motorcycle and the accident occurred in front of your house while riding at 50 miles per hour, then it would make sense to ask them if they’d consider paying out more than that.
Ask for a little more than what they say is reasonable (but not too much). The best way to do this is by telling them up front what kind of settlement numbers are out there and how much other people have received in similar cases—and showing them examples from those cases where settlements were higher than what was offered by their insurance company. This will help illustrate that asking for higher amounts isn’t unreasonable because there are many other cases where settlements were larger than what was originally offered by insurers. So don’t be afraid of being too aggressive with your negotiation tactics.
Finalizing the Insurance Settlement and Release
You will need to have a written settlement agreement.You should have a release of all claims and have a payment schedule and payment plan agreement in place before you sign the final settlement paperwork with your insurance company.
Negotiating with an insurance company is a complicated process.
You need to be prepared, organized, patient and polite. You also need to have confidence that you’ll get what you’re asking for in your settlement.
If you’re in this situation and want some advice on how to negotiate the best possible settlement without getting yourself into trouble or making things worse than they already are by being aggressive or talking back too much (or any combination thereof).
It’s important to have help from an experienced attorney who knows the ins and outs of settlements, as well as how insurance companies work.