negotiating a higher settlement with an adjuster?

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  • negotiating a higher settlement with an adjuster?


Answer #1 | 19/12 2013 05:11
How far apart are you? Have you and the doctor agreed on your prognosis? A personal injury lawyer will get the insurance company's attention. Whether it gets you one dollar more is the question. Without knowing anything else, reach an agreement with the adjustor and move on with your life. If the amount is not enough to pay off ALL of your credit cards, (which I think is what you want) maybe you can buy a new TV. good luck.
Answer #2 | 19/12 2013 07:08
Minor injuries are not worth much, maybe 3 times the medical bills. Realistically, they don't need to give you a dime without a lawsuit, but they are trying to be proactive and avoid going to court. One thing to keep in mind, how were you treated for your injuries? If your health insurer picked up the tab and you get a settlement, you would owe the health insurer for their expenses and you keep the difference.
Answer #3 | 19/12 2013 07:50
Let me start by saying, there is a MYTH, that any settlement is worth 3 times your medical bills. That is a myth started years ago, and everyone still believes it. The "reasoning" started with if you have a lawyer, the settlement pays medical bills (1/3), the lawyer (1/3) and the person gets the last (1/3). But many times when you hire a lawyer, they automatically take 33% of your settlement, after they subtract out medical bills, and many times the client gets a LOT LESS, than the lawyer. You can counter the offer. Most 1st offers are to let you know the "mindset" of what the insurance company believes your injury is worth. So, most likely the max they would settle for could be "roughly" 25% more. So, say for instance, they offered $1,000, then they may only go as high as $1,250. If you counter too high, then they will tell you this, and, with your counter, the adjusters offer is off the table. They could tell you, until you get your sights lower, the negotiation is now stalled. Most states, you have up to 2 years from the date of the accident to settle.

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