How Does Coral Springs Personal Injury Lawyer Negotiate A Personal Injury Settlement?
Negotiating a final settlement in your injury case is like bargaining with the insurance company for a fair amount on your claim. You and the insurance adjuster (buyer) both know roughly what a final settlement value should be. You have an idea of what your claim is worth and a general ballpark figure of how much you might be able to get for it. You might not know what the other side is willing to offer, but either way, you're both trying to figure out what's possible/feasible.
It's a dynamic process that involves you making an initial best guess of how much to offer/request and the insurer making an initial best guess of how much they might pay. Then, throughout two or three phone calls, you exchange figures until one of you thinks something seems like a deal worth taking. Finally, to get the entitled compensation, it is wise to seek help from Coral Springs Personal Injury Lawyer.
When does the negotiation begin?
The claims adjuster will start negotiating with you after reviewing your demand letter, and the process will begin in less than two weeks. The adjuster may call immediately if your letter is unclear. The length of time between a demand letter and the response depends upon the amount of work required on the part of the company. It also depends on how long it takes to go over the claim, which can sometimes take some time with an at-fault driver.
Once you have chosen a personal injury attorney to handle your case, you will have him negotiate for your compensation with the auto insurance adjuster. You should hire Coral Springs Personal Injury Lawyer who has been handling these cases for quite some time. This means that you can be sure they know all the rules and regulations associated with these facts to make it possible for you to receive maximum compensation from them. In addition, if such a situation arises where the at-fault party does not want to pay your claim, they will know how to handle it to get the best result possible.
Reservation of Rights Letter
The first letter you may receive from your insurance company is the "Reservation of Rights" letter. This letter states that while the company is looking into your claim, it reserves the right not to pay any benefits if it turns out that the accident was not adequately insured.