Pitfalls of Negotiating Your Own Injury Settlement
If you have been injured in a wreck or slip and fall, and are considering handling your claim yourself, please read on for some information that is important to your decision.
You may be thinking about negotiating your own claim because you want to avoid paying an attorney. However, not hiring an attorney can cost you far more than what an attorney would charge for his or her services.
You may be thinking that you will start the negotiations on your own and get an attorney involved later if you can’t resolve the case. This is a dangerous strategy. Negotiating the case on your own can significantly limit what an attorney can do for you later. Once you tell the insurance company the amount you will take to settle your case, it is almost impossible to take it back without providing some additional evidence. Even if you hire an attorney later, you will be at a significant disadvantage.
Insurance adjusters receive training on how to negotiate claims. They learn the insurance companies play book for negotiating claims. The first play in that playbook is to delay. The insurance companies know that if you aren’t represented by an attorney, every day that goes by is to their advantage. They are hoping that eventually, if they stonewall you long enough, you will get to the point that you will accept their low offer to settle your claim.
I recently had someone come into my office about a year after being involved in a car wreck. He had been negotiating with the insurance company, but was getting stonewalled. He had already given the insurance company a reasonable settlement offer but the insurance company was offering him only a few hundred dollars for his claim.
Insurance companies are in the business of collecting insurance premiums, not paying claims. Insurance adjusters are trained to pay as little as they possibly can on claims. To make sure you are treated fairly when you are injured, you owe it to yourself to at least know your options before you decide how to handle your claim. Perkins Law Firm will provide you with a free consultation with an attorney who specializes in personal injury claims and is experienced in dealing with insurance companies. We’ll tell you about all of your options for handling your claim. If you don’t need a lawyer, we’ll tell you that too.
If you would like to find out more information or get a free consultation, you can simply complete the “Need Help” form on the right or call the phone number at the upper right of this page.