Understanding Insurance company
Claims Procedures:
Insurance companies' claims adjusters are professional
negotiators, that use psychological techniques to settle
for the lowest possible dollar, including discouraging people from
using the professional services of a lawyer.
Never give an oral statement to the insurance company.
Claims adjusters know that if they can keep a claimant
negotiating with the adjuster then there is a high probability
of a successful settlement in favor of the insurance company.
Lawyers usually can obtain greater settlements than a lay person
due to their knowledge of the case, process and law.
Set a realistic goal before you begin negotiating. Make sure
that you know the full extent of your injuries and
damages.
Listen to the adjuster and call him back. Don't be
pressured, it's your case.
Always negotiate in turn. If you make a "demand' [an offer
to settle by a claimant], then wait until the carrier makes
a counter "offer."
Last, document everything in a file. Always keep copies of letters
you've mailed. Never ever sign a release of medical or employment
information.
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designed for general information only. The information presented at
this site should not be construed to be formal legal advice nor the
formation of a lawyer/client relationship. Persons accessing this
site are encouraged to seek independent counsel for advice
regarding their individual legal issues.
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