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Responding to a Low Settlement Offer

There are many medical complications and financial repercussions associated with a serious accident injury. If you’ve been injured by a negligent party, you may be able to secure damages that account for your current and projected medical expenses, lost wages, and more. Depending on the circumstances of the accident, an insurance company may be obligated to provide restitution per the negligent party’s policy.
However, insurance companies are not above engaging in questionable tactics just to save money. In fact, the representative will likely begin the negotiation process by offering an insufficient settlement amount that won’t cover your total losses. Many trusting, desperate, and inexperienced people accept these lowball offers and late find themselves facing severe injury-related debts. To avoid this fate, you need to retain the services of an aggressive and experienced attorney who isn’t afraid to negotiate or litigate against powerful insurance companies.

Understanding Insurance Company Tactics

After an accident is reported, insurance company adjusters immediately begin investigating the incident and evaluating evidence. Their goal is to pay as little as possible while remaining within the guidelines of the law. They may try to contact you and trick you into making a recorded statement that jeopardizes your claim. If the insurance company can prove that you’re responsible for an accident, they may be able to limit or eliminate your right to damages. As previously stated, they may also offer a meager settlement in the hope that you’ll settle the case early. Once a settlement is accepted, you can’t turn around the sue for damages later.

Countering a Lowball Offer

At The Stewart Law Firm, PLLC, we can negotiate with insurance company representatives on your behalf to ensure that you’re awarded the compensation your injuries warrant. We can review your injury-related expenses and compare it to the insurance company’s initial offer. After that, we can help you respectfully counter the offer with a proposal that includes a total dollar amount figure and your reasoning behind this amount.

This proposal may include the following:

  • Current cost of your medical expenses
  • Projected cost of future medical expenses
  • Present and future lost wages
  • Disability costs
  • Ongoing professional care costs
  • Pain and suffering
  • Loss of consortium
  • Transportation costs

Each client that walks through our doors has unique circumstances that must be considered before a proposal can be sent to the rival insurance company. Depending on your injury, there may be other damages that need to be included in the counteroffer. We can help you compile essential evidence that supports the terms of your proposal. After all, the insurance company can’t accept the counteroffer unless they understand where the figure came from, what it’s based on, and why you’ve decided it’s a reasonable settlement amount.

Schedule a Consultation Today

Contact the Austin personal injury attorneys at The Stewart Law Firm, PLLC if you require legal guidance after an accident. We can evaluate your case and represent your interests through each step of your legal journey. With our help, you can secure a settlement that safeguards your quality of life.

We’re available 24/7. Contact The Stewart Law Firm

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