When you are putting your demand letter together, you should use this time to determine the worth of your claim. You can find plenty of advice online to determine how to best come to this conclusion. You basically want to set a minimum settlement figure and make sure that you don’t go any lower. The adjuster will work with you on a settlement that will be good for you in the long run and if they don’t, the other option is to go to court.
The insurance adjuster will first make you an offer. This offer will be low, probably lower than what you set as your minimum. While it may be reasonable, it may also still be too low. If you say no on their offer, and follow up with a counteroffer that is a little bit higher than what they were offering but still not outrageous, then the adjuster may take your offer and think about it. This shows the claims adjuster that you are willing to go lower than the amount you stated on the demand letter but still higher than their first offer and this lets them know that you are most likely going to compromise. After a couple more phone calls, you should be finalizing everything.
Have the Adjuster Explain the Low Offer
If the claims adjusters’ first offer is so much lower than what you wanted in your demand letter, you can rest assured that he or she is using this low bid as a negotiation tactic just to see how much you know about your claim costs. Don’t go and lower your counter offer lower than the amount that you put in the demand letter your injury lawyer in Lindsay sends in. Just take a moment and ask the adjuster to go over why he/she chose that first low offer. Make some notes or have them email you a copy of the explanation.You will be able to adjust your counteroffer a little more or a little less, depending on what they want.Always ask for a follow up reply letter. Documenting these offers will ensure that you are hearing the quote correctly and you either accept it or decline it.
Go Over the Strong Points Involved
It’s good to go over only the stronger points in your demand letter, the ones that the insurance claims adjuster can’t really argue with, such as a painful injury, medical costs were not reasonable; you have long term or permanent physical damage as a result.Always get everything in writing before you agree to a settlement. Take the time to look over the details and ensure that you are getting what you deserve. Once you sign, you can’t go back.