Claiming a personal injury is similar to negotiating while purchasing goods at a marketplace. You and the purchaser (the insurance agent) are both somewhat aware of the product’s value (your losses). The negotiator knows the amount the insurance provider is ready to pay, and you understand the amount you are prepared to accept. However, none of you knows the amount the opposing side is prepared to give or take. To test one another, you engage in a game of bluff that might only require two or three telephone conversations. For the best legal advice, contact a personal injury attorney Atlanta.
Process of settlement
Typically, a settlement may move forward in the following ways.
- You present them with an extravagant amount in your preliminary letter.
- The insurance negotiator informs you of the issues with your application, such as uncertainty on who was responsible or the unnecessarily long duration of your physiotherapy.
- Then you will send an appropriate reply to the company.
- The negotiator makes a meager counterclaim offer to see if you’re eager to accept any compensation money.
- You make a claim somewhat less than the one stated in your previous demand letter after making a small concession regarding the negotiator’s arguments.
- The insurance negotiator raises the company’s compensation.
- You can either consent to that sum or submit a different response.
While it may seem an easy process, usually, it can be overwhelming for victims. The research, necessary documentation, offer letter, amount you are prepared to accept, and whether or not you are in a rush to compromise are all essential aspects that will affect how an injury compensation turns out.
The subjects that you will be negotiating with the negotiator on:
An insurance negotiator has the right to raise concerns and reject information during discussions to reduce your eligibility for a settlement.
Questions or disagreements may relate to:
- The insurance coverage: If the insurance coverage genuinely covers the incident.
- The person liable: Who triggered the incident, and whether did you contribute to their carelessness?
- How bad are your injuries: if the injury was permanently incapacitating or had lengthy effects?
- The medical treatment required and its duration: If the nature and length of treatments or operations were medically appropriate, as well as whether you had conditions that led to the injuries you are alleged to have suffered (damages).
A negotiator’s fair concerns and requests should be met with sensible responses. Some queries and objections, however, are invalid and can be interpreted as unethical settlement strategies intended to persuade you to reach an agreement for much less than what it is worth.
