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Negotiating a fair settlement with your insurer after a car crash

| Oct 19, 2020 | Insurance

When you are involved in a car accident in Indianapolis, the damages you suffer both in injuries and financially can be devastating. Of course, you may believe your car insurance will automatically offer a settlement that covers all your damages so you can move forward from the crash. However, sometimes a settlement may not be enough to meet your expenses without proper negotiations. The following are some tips that may help you increase your chance of reaching a fair settlement with your insurance company following a car crash.

Understand the extent of your damages

First, it is important to understand just how much you need in financial compensation following the crash. This includes not just vehicular damage, but also personal injury damages such as medical expenses, lost wages and future expenses. This also involves knowing what you believe the lowest settlement you are willing to accept is.

Discuss your situation with your insurance company

Before accepting an offer from your insurance company, you or your attorney should discuss the situation with your insurance company. This way, the claims adjuster can have all the information needed to present an acceptable offer, and you can understand how they came to that number. This also includes discussing the emotional damages you suffered in the crash.

Keep a paper trail

It is important to document all the information regarding the crash and your claim negotiations. For example, it is important to obtain a copy of the police report, keep invoices relating to medical bills, and document the amount of time you missed work due to your injuries. You or your attorney can also draft and submit to your insurer a demand letter that indicates what your expectations are regarding the settlement and what the relevant dollar amounts are.

Seek help when negotiating with your insurance company

Ultimately, insurance companies are looking out for their bottom line, and an initial settlement offer may not be sufficient to cover your expenses following a car crash. When this happens, it can help to have a professional assist you with negotiations. This post does not offer legal advice and should not form the basis of any settlement negotiations. For this reason, many people involved in car accidents in Indianapolis choose to work with an attorney when negotiating a settlement with their insurance company.

 

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