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May 29, 2024

Negotiating Personal Injury Settlements

Posted in Uncategorized

If you have suffered an injury resulting from the negligence of another, understanding how to negotiate a settlement effectively is crucial to ensuring you receive fair compensation for your injuries and losses. At Davis & Johnson Law Office, we know how insurance companies often attempt to undervalue and undermine claims. Consulting with our experienced lawyers can give you the knowledge and skills necessary to file a successful claim.

What Steps Should I Take Immediately After An Injury?

The first step to take after an accident is always to seek medical attention, even if your injuries seem minor. Documenting your injuries thoroughly can provide critical evidence for your claim. After addressing your health, consult our personal injury lawyer to discuss your case. Our attorneys can help gather necessary evidence, advise you on the legal process, and begin communications with the at-fault party’s insurance company.

How Is The Value Of My Claim Determined?

Several factors influence the value of a personal injury claim, including medical expenses, lost wages, future medical treatment, and non-economic damages like pain and suffering. An experienced lawyer will assess all aspects of your case to determine the full extent of compensation that you deserve. They will consider your direct financial losses, as well as how the injury impacts your daily life and future.

When Should I Start Settlement Negotiations?

Typically, it’s best to begin negotiations only after you have reached a point of maximum medical improvement (MMI). MMI occurs when your condition has stabilized, and doctors can predict your future health needs. Negotiating before reaching MMI can result in a settlement that does not adequately cover all medical expenses or compensates for ongoing disabilities or discomfort. Consult with a lawyer to determine a timeline that makes sense for your case.

How Should I Negotiate With The Insurance Company?

Effective negotiation tactics include presenting a strong case, understanding insurance policies, patience, and the ability to make strong counteroffers. Come prepared with all relevant medical records, specialist testimonies, and a well-documented claim outlining all expenses and impacts on your life. Know the limits of the policy and the insurance company’s potential motivations. Be willing to wait for a better offer and avoid accepting the first settlement, which is often lower than what you can potentially receive. Don’t be afraid to make a counteroffer if the initial settlement is too low. Your attorney can guide you on when and how to do this to keep negotiations moving forward.

What If We Cannot Agree On A Settlement?

If a settlement can’t be reached through negotiations, your case may need to go to trial. This can be a longer and more complex process, but sometimes it’s necessary to obtain fair compensation. It is important to be prepared to escalate to trial if it means protecting your rights and securing a just outcome.

Contact An Experienced Attorney Today

Negotiating a personal injury settlement involves careful strategy, thorough preparation, and an understanding of the law and insurance practices. By working with knowledgeable and experienced legal representation, you can manage these negotiations more effectively and increase your chances of securing a settlement that reflects the true cost of your injuries.

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