personal injury lawyer

A Lawyer’s Tips For Negotiating With Insurance Companies

Dealing with insurance companies can be a daunting task, especially when you’re seeking compensation for a personal injury or property damage. Insurance adjusters, the individuals responsible for evaluating and settling claims, often employ various tactics to minimize payouts. If you hired a personal injury lawyer to handle your claim, they’ll probably negotiate with the other party’s insurance company on your behalf. Today, our friends from Yearin Law Office explain a little more about what goes on behind the scenes when negotiating a personal injury settlement.

Be Prepared And Informed

Before engaging in negotiations, arm yourself with knowledge about your policy, the incident, and the damages (financial losses) you incurred. Understand the terms and conditions of your insurance policy, and gather all relevant documentation, such as medical records, repair estimates, and photographs. A well-informed claimant is in a stronger position to negotiate effectively.

Stay Organized

Maintain a comprehensive record of all communication with the insurance company. Document the names, titles, and contact information of everyone you speak with, along with the date and content of the conversation. This documentation can serve as valuable evidence should the negotiation process become contentious.

Avoid Providing Recorded Statements Early On

Insurance adjusters may request recorded statements soon after an incident. It’s crucial to be cautious about providing these statements without legal representation. Consult with your attorney before making any recorded statements, as they can guide you on what to say and protect your interests.

Don’t Accept The First Offer

Insurance companies often present initial settlement offers that are lower than what claimants deserve. Don’t be quick to accept these offers. Instead, counter with a well-substantiated demand that takes into account the full extent of your damages, including medical expenses, property damage, lost wages, and pain and suffering. If you’re unsure about the value of your case, turn to a seasoned personal injury attorney for help. They have the experience to properly value your case, so you get every penny you’re entitled to.

Be Wary Of Quick Settlements

Some insurance companies may pressure claimants into accepting quick settlements, especially when injuries are not immediately apparent. Be cautious of such tactics, as certain injuries may manifest later. Consult with medical professionals to ensure you have a complete understanding of your injuries before agreeing to a settlement. 

Common Tactics Used By Insurance Companies

Have you wondered why it seems like your settlement negotiations are dragging on? It may not just be your imagination. Insurance companies use these common delaying tactics, hoping you’ll give up and go away or settle for less than your case is worth:

  • Delaying Tactics: Insurance companies may intentionally delay the claims process to wear down claimants and force them into accepting a lower settlement.
  • Lowball Offers: Offering inadequate settlements is a common tactic to save money.
  • Shifting Blame: Some insurance adjusters may attempt to shift blame onto the claimant, arguing that their actions contributed to the incident.
  • Using Recorded Statements Against You: Recorded statements can be manipulated to downplay the severity of injuries or property damage.

Negotiating with insurance companies requires preparation, patience, and a clear understanding of your rights. If in doubt, consult with a personal injury attorney who can provide expert guidance tailored to your specific situation.