If you were recently involved in a car accident and suffered personal injuries as well as injuries to your vehicle and personal property, you are going to be offered a settlement from your insurance company. It is vitally important that you get the money that you deserve so you can cover all of your bills and other accident-related expenses. Here are three tricks that will help you get the settlement that you deserve.
#1 Detail Financial Impact Of Accident
The first thing that you need to do is craft a document that shows the financial impact that the accident had on your life. This document should include all the medical bills that you incurred, down to any prescriptions that you had to fill. Next, this document should include a breakdown of all the days of work that you had to take off due to the accident as well as the amount of money, before taxes, that you would have expected to bring in if you had been able to work on those days. Then, the document should include all car related expenses, such as body work, mechanical work, and rental car costs.
It is important that you sit down and figure out all the of the figures above so that you are able to realize the financial impact that the accident has had on your life. Having this detailed information will also help you understand what is a good offer and what is a poor settlement offer from your insurance company.
#2 Write A Formal Demand Letter
Second, you need to write a formal demand letter to your insurance company. This demand letter should include the basic details of your accident, basic details of the injuries that you suffered and detailed written description of the impact that the accident has had on your life.
At the end of the letter, you need to state your specific compensation demand that you want to receive for your injuries. This is the first major step with the insurance company towards getting the settlement that you deserve.
#3 Ask For More Than You Want To Settle For
When you make your settlement demand in your demand letter, it is vital that you write down a larger amount than you actually want to get because your insurance company is almost guaranteed to want to negotiate and go back and forth over the numbers with you. For example, if you calculated that your accident related expenses were $20,000, you should ask for at least $30,000 in your demand letter. Always ask for more so that you will not have to settle for less.
#4 Don't Go With The First Offer
Finally, after you submit your demand letter and get a settlement back from your insurance company, don't feel like you have to go with the first offer that your insurance company offers you. If they offer you the amount you asked for, then it is okay to take the settlement. However, if your insurance company offers you $15,000 when you asked for $30,000, counter their offer and ask for $23,000 and include additional information from your financial impact calculations that you figured out in step one. Hopefully, you will get a counter-offer closer to the $20,000 that you actually want.
Remember that getting the settlement that you deserve is a multi-step process and if you want to ensure that you get a fair amount, you need to be actively involved in the process. For more information, contact a personal injury attorney.