Problems You Might Face When Seeking a Car Accident Settlement
Though the claims process outlined above appears to be simple, problems can arise at any stage. When you file a claim, you will almost certainly face resistance from the insurance company.
Be aware that an insurer’s goal is to pay out as little as possible for each claim, and insurance adjusters will look everywhere for reasons to devalue or reject your case. The insurance company could to name a few of their strategies:
Underestimate the value of your claim.
When evaluating car accident claims, insurance companies will frequently make a lowball offer early on in order to “save you from the hassle of negotiations.”
However, there is a catch: this offer rarely reflects the true value of your damages, leaving you responsible for any future expenses and losses.
In this case, the insurer is counting on the fact that you are facing medical bills and time off work as a result of your injuries, leaving you with little time or energy to fight for a larger settlement. An auto collision lawyer will handle negotiations for you and will never settle for less than you deserve if you hire a law firm to represent you.
Remove Your Statements from Context
Keep an eye on what you say right after the accident, especially in conversations with the insurance company and online. Your financial recovery may be jeopardized if you make statements about the accident or your health.
Discussing your potential fault or your actions prior to the crash during interviews with the adjuster may undermine your claim that the other driver is at fault. One careless remark could render your case null and void! You don’t have to tread carefully; a car accident attorney can communicate on your behalf to protect your claim and your rights.
Determine the extent of your losses.
Before you can begin negotiating a settlement, you must first determine the extent of your losses. This extends beyond the physical damage to your vehicle and any injuries you may have sustained. Add up all of the expenses you’ve incurred since your accident. Include everything from car repairs and medical expenses to lost wages due to missed work.
You may be able to include future expenses in your total list of damages as well. Make a note, for example, if your injuries prevent you from working in your regular job for several years. You might be able to include future lost wages in your total damages.
Remember that calculating the precise amount of your damages can be difficult. You must consider every possible expense in order to obtain the largest settlement possible. Overdemanding at first is fine as long as you’re willing to negotiate the settlement amount.