5 Tips for Negotiating a Car Accident Settlement

Car Accident Settlement

According to the CDC, nonfatal crashes cost the economy $1.8 trillion each year.

If you’ve recently been in a car accident, you may be considering a car accident lawsuit. If you are, you should learn how to negotiate a car accident settlement. 

Thankfully, you came to the right place. Keep reading to learn how to negotiate your settlement. 

1. Send an Organized Letter

After you secure your car accident lawsuit funding, make sure that you write an organized letter demanding what you want, stating your case, and pointing out all the evidence.

For example, you should include the injuries that you suffered, what kind of medical treatment you had, how much it cost, and if you lost any time off work. If you did lose time at work, explain how much that cost you. 

Then at the end of the letter, you should state how much money you’re looking for.

2. Start Your Claim As Soon As Possible

You should start this process as soon as possible after the accident. First, contact your insurance company so that you can start a claim. 

You’ll be able to remember most of the details clearly right after. Make sure that you report all of the damages and injuries that you sustained. If you don’t feel comfortable talking to the insurance company, you can always hire a car accident lawyer to help you.

3. Provide Evidence

You’ll also need to have proof of your evidence. Gather all of your medical records and police reports that you can. If you took any pictures of the accident, make sure that you have those handy and ready to go as well. 

You may also want to grab receipts, medicine bottles, or even paystubs.

4. Have a Specific Amount in Mind

When you negotiate your claim, you need to know how much you would like to get out of it. You’ll also need to set the lowest number that you’re willing to accept. 

You should do that before you speak to an insurance adjuster. There will likely be a lot of offers going back and forth, so if it’s below what you want, don’t accept it. 

5. Don’t Accept the First Offer

In general, the insurance adjuster will try and offer you a really low offer to begin with. Make sure that you never accept that offer because it’ll likely be below what you want.

Instead, make sure that you provide a counteroffer. While this might be lower than what you want, it’s a good point to start negotiations and get to the dollar amount that you want.

Discover More Tips for Negotiating a Car Accident Settlement

These are only a few tips for negotiating a car accident settlement, but there are many more ways to do it. 

We know that getting into a car crash and filing a lawsuit is stressful, but we’re here to help out.

If you enjoyed this article, make sure that you explore our website to find more articles just like this one.

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