These days, a vast majority of legal disputes will settle before ever reaching trial. Nevertheless, this doesn’t mean that you should just accept any settlement offer you receive.
In fact, in the context of personal injury lawsuits where insurance is involved, the first offer presented by the insurance company will often be a low offer that is significantly less than what you may actually be entitled to recover.
Thus, it’s important to know how to respond to put yourself in the best position possible to receive just compensation.
If you or a loved one has received a lowball offer from an insurance company in the aftermath of an accident, the Tenge Law Firm, LLC, is here to help.
Give our team a call to discuss your case and see how we can help you maximize your settlement today.
3 Tips on How to Counter Offer an Insurance Settlement
So, how do you respond to a low settlement offer in an insurance settlement? Of course, there’s no one-size-fits-all answer that applies to each and every case.
However, here are three important tips to keep in mind when it comes to responding to a low settlement offer from an insurance company.
1. Do Not Feel Pressured to Accept the First Offer You Receive
First and foremost, you should never feel pressured to accept the first settlement offer from an insurance company.
It is no secret that insurance companies typically do not have your best interests at heart. Rather, their goal is usually to settle a claim for as little as possible.
Thus, the first offer out of the gate will almost always be less than what you may ultimately be able to recover.
So if the offer seems low, know that you do not have to accept it, especially if you think you have a basis for making a counteroffer.
2. Compile Any Relevant Materials to Support Your Claim
In most cases, providing documentation to support your claim can lead to the insurance company making a better offer.
For example, you can provide information to the insurance company showing that their client caused the accident. Thus, their client is responsible for compensating you for the harm you suffered.
If you give the insurance company strong proof that their client was at fault, they might offer you a larger settlement.
Additionally, if you have medical bills that show the costs you incurred from the accident, you could provide that to the insurance company as well.
3. Contact an Experienced Attorney
Figuring out the right response to a low settlement offer is never easy. However, having an attorney in your corner can take the pressure off of your shoulders by allowing them to navigate the settlement negotiations for you.
How Do You Respond to a Low Settlement Offer? Contact Tenge Law Firm, LLC to Find Out
Our personal injury attorneys at the Tenge Law Firm, LLC, have over 30 years of experience representing clients in personal injury matters.
We have negotiated with hundreds of insurance companies whose primary goal was to lowball our clients. Our firm provides our clients with an exceptional level of communication and responsiveness.
We will give you the personal attention that you and your personal injury claim deserve.
If you want to know how to respond to a low settlement offer, contact one of our attorneys at the Tenge Law Firm, LLC, as soon as possible.
To begin the process, contact us today at (303) 536-7675 to schedule your free consultation.