When you are dealing with accident and injuries and you seek compensation, it is not advised to accept or take the first offer that you get from an insurance company. Ultimately, an insurance company gives claims that work in their best interest, not yours, because at the end of the day, insurance companies are businesses. An insurance company’s goal is to settle cases as quickly as possible and for as little money as possible.
For insurance companies, their settlement offers depends on the industry or type of insurance, but altogether, they are working in their own favor. In order to receive full compensation, you really should not accept the first insurance company offer. After all of your pain and suffering, you should really receive as close to full compensation as possible.
Car Insurance Company
If you were in motor vehicle accidents, you may be looking at what your insurance company offers you as compensation. This differs depending on the situation itself. For example, if you were in a motor vehicle accident where you were not at fault, no-fault car insurance rarely applies to vehicular damage, which means that regardless of where you live, the financial responsibility post-accident typically comes down to the car insurance coverage as well as the claim preferences for those involved in said accident(s). Generally though, who is at fault for the accident may not be as evident as you think it is.
If you were injured in a car, or in any personal injury case, you need to know that you have the legal right to go after compensation for your losses and injuries through the courts system. Practically though, there are typically insurance policies in place that are designed to cover your losses. Insurance providers generally prefer to pay you a settlement in order for you to agree not to pursue a court case. This may be beneficial to you as the injured party because you do not have to go through the process of waiting for the court system to resolve your case, and this could take months to even years. Should you decide to take your case to the court or trial, which can be done at any point in time prior to accepting a settlement, you risk getting nothing if you lose. Settlements are compromises that are made between you and the liable person for your damages, including property damage.
Personal Injury Settlement
In personal injury settlements, it is incredibly important to negotiate with the other party’s insurance company. Regardless of whether you’ve taken additional steps to file a personal injury lawsuit, it is crucial to keep in mind that negotiations around settlements are ongoing and your case has the potential to reach out-of-court resolutions at any point in time.
In these cases, it is critical to have a personal injury lawyer represent you and help you draft an organized demand letter as well as proper supporting documents to present to the insurance company. This helps with the negotiation process and allows the process to consist of nothing more than maybe a few phone calls with insurance claims adjusters. Whether it is through written correspondence or not, you/your personal injury lawyer and the insurance adjuster will likely each make points about the weaknesses and the strengths of your claim. Then, the insurance adjuster typically makes an offer to settle the claim for a lower amount than you requested in the demand letter. Then, you can counter with a number that is higher than the offer made by the insurance adjuster but typically lower than your original ask. After a few phone calls or other form of correspondence, you should agree on a settlement somewhere in between.
With all of the negotiating that takes place with personal injury settlements, we find it incredibly beneficial to have an attorney or lawyer on your side from a well-known law firm. This will not only better your chances at getting a higher settlement but it will also make you feel more comfortable and at ease knowing that you have a professional with years of experience on your side.
Do Not Take Your First Settlement Offer
When you are looking to get the compensation you deserve, you need to remember not to take your first settlement offer from your insurance company. It is very important to remember that they are working in their own best interest. Regardless of the type of insurance company, you really need to negotiate in order to get the best settlement offer and to get the most compensation. Although you likely will not be fully compensated, you are paying a premium for your insurance company so you can get as close to full compensation as possible in times of need.
How Can I Ensure That My Insurance Company Works for Me?
If you are looking to seek compensation for accidents that have occurred and you are struggling to figure out the proper path for you, reach out to us at Duffy & Duffy Law Firm. We have various lawyers including personal injury lawyer and long island car accident lawyers. At our law firm, we understand that you are going through a lot, and we understand that if you are coming to us that you have been through a lot. Because of that, we offer you a free consultation to go over your concerns and see how we can best help you.
It is also important to know that the current state of the pandemic has caused many insurance companies to not properly negotiate with clients due to the coronavirus disease and the overall state of the pandemic. Due to the pandemic, courts have been closed, and that significantly affects auto accident cases in a negative way. We have plenty of Long Island auto accident attorneys that are ready to fight for you! Do not hesitate to contact us if you have remaining concerns or questions whatsoever.
If you have an injury claim, we want to make sure that you get the compensation you deserve! That is what we are here for! We proudly serve the people of Suffolk County and Nassau County. In the event of an auto accident and injuries, we understand the statute of limitations, and will fight for you to ensure that you get the compensation you deserve! You have been through enough. Let us help you get through this.