Actions To Take In Response To Low Settlement Offer

Insurance adjusters learn about each claimant’s demand by reading each claimant’s demand letter. Typically, an adjuster will note one or more weaknesses in that same letter. Hence, the adjuster’s next move consists of alerting the claimant to the observed weaknesses.

Alerted claimants should try to correct and strengthen their argument. Some claimants include a photograph of their damaged vehicle, when sending a revised letter, along with a new demand. It is at that point, that the adjuster might choose to come forward with a low settlement bid.

Actions to take in response to that low bid

Contact the adjuster and learn the reason for the low bid. Personal injury lawyer in Sudbury knows that you need to study the reason given by the adjuster. Make any other changes that would seem to strengthen the presented argument., but do not repeat any facts. Answer the low bid with a new demand, one that is a bit lower than the previous one.

Then await an answer to the new demand. That would serve as a counteroffer. Study that counteroffer, and see how close it has come to the stated demand.

Unless the counteroffer is a figure that comes close to the demand, do not accept it. Instead answer the counteroffer by demanding an amount of money that is a bit lower than the amount that had been mentioned in the previous letter.

Wait again for the adjuster’s answer. Take the time to study that answer, and check to see how close it has come to the figure that you have in mind as the lowest acceptable offer.

Continue to participate in the exchange of demands and counteroffers. Try to work toward a time when both sides are ready to accept a proposed figure.

Make sure that the proposed figure should leave you with enough money to cover any necessary future medical treatment.

If you are happy with the proposed figure, write to the adjuster, in order to confirm his or her readiness to accept the proposed settlement figure. Also ask for the date when the claimant’s compensation should be available.

Expect to receive a release form. Have your attorney study that form. If your attorney approves of that form, sign it,and send the signed document back to the adjuster.

Await the arrival in your attorney’s office of a check. It is your attorney’s job to use some of the money from the check to pay off any liens.

Next your attorney should take his or her contingency fee. Then the remaining funds should be sent to you, the claimant.

At that point, your persistence and patience has been rewarded. You have received the monetary award that you had hoped to win. The adjuster’s tactics did not halt the process’ movement.