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3 tips for a better insurance settlement offer

Insurance companies are there to make money, and although it's nice to think that they will support what you need in a crisis, some will do anything they can to limit what they pay out. As a victim of a car accident, it's important that you get enough compensation to cover your lost wages, medical bills and other expenses.

If the insurance offer you receive is too low, it can feel insulting. You might think that this is the only offer you'll get, but that's not true. Your attorney can help you negotiate a better offer. In addition, here are three tips that may help.

1. Send a response to gather information

The first thing your attorney may assist with is a responsive letter to the insurance carrier. This letter will detail the grounds for refusing what may have been a low-ball offer.

It is a good idea to ask the insurer  how it came up with the offer. The company may need additional information, so that the adjuster has all the needed information.

2. Negotiate your settlement

You and your attorney will talk about how much money you need if you want to live comfortably while you recover. You may not know how long you'll remain injured or if you'll ever fully recover. Maybe there is some speculation as to your medical needs now and in the future.

Whatever the situation is, your attorney can help you negotiate a higher settlement, so you have the money you need when you need it. Your attorney can send a counteroffer to the insurance adjuster for you with information on why that amount is appropriate. If the adjuster agrees, then you can accept the new settlement amount. If not, you have the option of taking the insurance company to court.

3. Let the judge decide

There are some times when an insurance company just isn't willing to work with you. In that case, you may opt to take your case to trial. Some people find the threat of the lawsuit enough to get the insurance company to work with them, while others go to court and allow a judge and jury to decide how much is a fair settlement. If you decide that a trial is a good option, your attorney can help you prepare.

These are three things to try if your settlement offer is too low. You deserve to be treated fairly.

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