Auto collisions that result in injury can end up costing victims, and their families, a lot — financially, of course, but physically and/or emotionally as well. As damages add up quickly and bills start pouring in, many car accident victims in Florida accept whatever insurance offers them in order to get their hands on cash quickly to help cover their losses, regardless of whether the settlement amount seems fair. The thing is, no one has to immediately accept an insurance payout that they feel is less than it should be.
The goal of insurance providers is to pay out as little as possible, and they are often successful at meeting this goal by making victims feel they have to take their initial or walk away with nothing. It is okay to say no. Negotiating with an insurance provider to reach a settlement amount that is actually appropriate for losses experienced may be possible.
To start the negotiations process, the victim must send a demand letter to the insurer in which he or she lays out his or her case for compensation. This letter will also include the amount the victim is seeking in damages. After the demand letter is sent, the ball is in the insurer’s court. It will either reject or accept the demands, or be willing to modify the original offer in a way that is agreeable for all involved. Most car accident cases are ultimately settled through the negotiations process. If, however, acceptable terms cannot be reached this way, litigation may be a reasonable route to take.
When a car accident is the result of another person’s negligence, the last thing victims should have to do is try to cover any losses suffered on their own or accept a lowball offer from an insurer. If negotiating with an insurance provider is something one does not feel comfortable with, know that it is not something one has to do alone. An experienced personal injury attorney can assist a client in drafting a demand letter, negotiating settlement terms that provide maximum relief or, if necessary, addressing the issue in court.