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Tips for effectively countering a settlement offer

On Behalf of | Dec 21, 2023 | Personal Injury |

The aftermath of a car accident can seem overwhelming, especially when you have to navigate the insurance claims. When faced with a settlement offer from the insurance company, approach the situation strategically to ensure that you get the compensation you deserve.

There are a few things to consider when you counter the insurance company’s settlement offer.

Consider your costs

The first thing you should address in your counteroffer is the extent of the costs associated with your injuries and damages. Consider your current and ongoing medical bills, property damage and lost wages as well as any potential future expenses associated with the situation. Your settlement should offset those costs so that you do not bear that burden.

Provide documentation

Detailed documentation is beneficial when you negotiate with the insurance company. Keep copies of your medical bills, diagnoses and recovery estimates, repair costs and any other expenses you incur as a result of the incident.

In addition, keep a journal that details your physical and emotional pain and recovery. Address the impact of your injuries and recovery on your daily life. This will help you substantiate your claim and counter any low offers.

Address your long-term needs

Some injuries have long-term consequences requiring ongoing medical care or impacting your ability to work. When you counter any settlement offer, account for those effects as well. Seek compensation that will ease the strain of the life changes that come with your injuries.

There were 5.2 million collisions in 2020 resulting in fatalities, bodily injury or property damage. Navigating insurance settlements after an accident can be challenging, but you can confidently counter the initial offer with these tips. Remember that your well-being is paramount, and securing fair compensation is essential for moving forward after an auto accident.