After you sustain a catastrophic injury, it is only natural to turn to the insurance company as a source of relief. A favorable settlement can help you pay for your medical bills and return to your normal way of life.
You might feel tempted to accept an insurer’s initial settlement offer if you are in urgent need of financial support, but this can open you up to lowball settlements that are far below what you rightfully deserve. If you feel that your claim is worth more than what the insurance company is offering, it is important to know how to negotiate for a higher amount.
Understand your insurance policy
Many insurance agents will gladly use every trick in the book in an attempt to pay their clients the lowest amount possible, including taking advantage of the fact that many people do not fully understand their own insurance policies. Knowing how to properly read your insurance policy will ensure that you can competently advocate for your case in accordance with the terms of the policy itself.
Leverage the evidence in your favor
Keeping good records regarding your injury will make it difficult for the insurance company to downplay the value of your claim. Photographing and documenting the initial incident can help prove that your injury is not the result of a pre-existing condition. Organizing your medical records and presenting documents from your doctor visits will also make it clear how much compensation you need to help cover the relevant costs.
While there are certain steps you can take on your own toward securing a favorable insurance settlement, it is a difficult task to undertake alone. A professional familiar with the complexities of insurance negotiations can help you navigate the discussions with confidence.