Negotiating for a Higher Insurance Settlement: How to Get the Most Out of Your Claim

When it comes to negotiating with an insurance company, it's essential to be well-prepared. Before you start the process, do your research and estimate the value of your claim. Set a high and low number that reflects this. When talking to the claims adjuster, remain calm and objective and don't admit fault or imply that you were responsible for the accident.

You also have the right to ask for documentation that shows how you achieved the value you earned. When filing a claim, consider all the treatment and expenses incurred as a result of the accident before accepting an insurance company's counteroffer. If you live in an at-fault state, such as Louisiana, you must file a claim against the at-fault party's insurance company. A personal injury lawyer can help you navigate the process and deal with insurance companies on your behalf. When negotiating with an insurance company, decide on a minimum settlement amount that you will accept. During negotiations, the insurance company may try to show that you are more at fault as a way to reduce your payment.

When you and the adjuster finally reach an agreement, immediately confirm the terms in a letter addressed to the adjuster. If you've had a car accident, a slip and fall, or a workplace injury, remember that while filing a claim is necessary, the insurance company is not on your side. The goal of your negotiating efforts is to reach an agreement with the insurance company and put it in writing. The more evidence you can use to defend your position, the greater the chance that your insurance agreement will be resolved satisfactorily.

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