Negotiating with Party and Insurance Companies
The overwhelming majority of personal injury claims are settled prior to litigation. In fact, according to some of the most reliable estimates, nearly 95 percent of personal injury cases avoid trial. For injured victims, this can be a very good thing: by getting a full and fair settlement offer, injured victims can recover their compensation far earlier than they would have been able to if their case went to court. Sadly, getting a full settlement offer from defendants and their insurance carriers is never easy. These parties often work aggressively to limit the amount of compensation that they pay out to plaintiffs.
To protect your legal rights, it is imperative that your claim is both well-presented and effectively negotiated. Instead of speaking directly to insurance adjusters, you should work with any opposing parties directly through a top-rated Rockford, Illinois personal injury lawyer. You need a lawyer who has the skills and experience required to negotiate a full and fair settlement agreement.
Negotiation Often Starts With a Demand Letter
As a general rule, the personal injury negotiation process begins with something called a ‘demand letter’. Simply put, a demand letter is a document that will briefly state your claim, describe some basic details of your accident and your injuries, and directly make a demand for financial compensation.
When you are dealing with the big insurance companies, submitting a well-crafted demand letter is one of the single most important aspects of the entire personal injury claims process. It is highly recommended that you obtain professional help with your demand letter. Not only will your Rockford personal injury attorney be able to draft an effective demand letter, but the insurance company will take your case far more seriously if you have professional legal representation.
Your Claim Must Be Well-Documented
All victims need a personal injury lawyer who is a skilled negotiator. You should always have an experienced negotiator on your team when you go up against a defendant or a big insurance carrier in a personal injury case. One of the things that experienced negotiators know well is that it is much easier to get successful results when you have a strong claim. For this reason, it is crucial that your claim is properly documented. The stronger the evidence you have to support your personal injury claim, the more pressure you will put on the defendant or their insurer to reach full settlement offer.
Do Not Accept the First Settlement Offer
Finally, patience is an important part of the personal injury negotiation process. There is absolutely no reason to feel pressure to agree to an unfair settlement. Unfortunately, insurers know that most injured victims want to settle their case quickly. They use this knowledge as a tactic, trying to push plaintiffs into low, but relatively quick settlement agreements. Please be patient. Insurers will almost never start with their best and final offer. You deserve financial compensation for the full extent of your damages. If the defendant or insurance company is not willing to treat you fairly, then you may need to take your case to court.