Tag Archives: negotiating injury settlements

What To Expect During a Personal Injury Settlement Negotiation

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Have you been injured in an accident? If so, you may be entitled to compensation for your injuries and damages. The process of settling a personal injury claim through negotiation can seem intimidating, but with the right help, it doesn’t have to be. In this blog post, we will discuss what you should expect when negotiating a personal injury settlement with an insurance company or other party responsible for your injuries. You will learn about the different types of negotiations that are available and how a personal injury lawyer can help make sure you receive full and fair compensation for your losses.

By understanding the process ahead of time, you can better prepare yourself for successful negotiations and get closer to achieving the outcome that is best for you.

Personal Injury Lawyers in Indiana - 317-881-2700
Personal Injury Lawyers in Indiana – 317-881-2700

Personal Injury Settlement Process

The first step in personal injury settlement negotiations is to contact a personal injury attorney who is experienced in handling these types of civil litigation claims. Your accident lawyer can help to evaluate your case and advise you on the best course of action. They will also represent you during negotiations, offering their legal advice and experience throughout the process. During this stage, it is important that you provide all relevant information about your accident to your lawyer so they can properly assess its strengths and weaknesses. This will allow them to determine a fair amount for your settlement claim.

Negotiations

First, you and your attorney will meet to determine the amount you want to demand to settle the case. Once this is done, the demand is sent to the defendant’s insurance company and negotiation begins. Your lawyer will be instrumental in helping you prepare for these conversations and making sure your interests are represented in the final agreement and your attorney will conduct most of the negotiations for you.

Counteroffers

During negotiations, both parties will make counteroffers to each other in order to reach an agreement that works for everyone involved. This means each side may give up certain aspects of the original demand and original offer to get what they want from the other side. Therefore, it’s important to anticipate these counteroffers and be prepared to negotiate over them.

Settlement Review

This involves discussing the details of the agreement such as how much money should be paid out, when payments should be made, and what the terms of the agreement are. It is important that you remain calm and professional during negotiations as this will demonstrate to the other party that you are serious about getting a fair settlement. At the end of negotiations, both parties should review the final agreement carefully before signing it. This agreement is legally binding and must be followed by both sides so it’s essential that all terms are clear and understood. You will consult with your personal injury lawyer once more before signing off on any final documents.

Hire a Personal Injury Civil Lawyer to Represent You in Your Case

By understanding the negotiation process beforehand and having the support of an experienced Indiana personal injury lawyer, you can ensure your interests are represented during negotiations and receive full and fair compensation for your losses. Keeping this in mind, it is important to take the time to properly research and prepare for personal injury settlement negotiations. Doing so can put you in a better position to achieve a favorable outcome and get closer to achieving the resolution that is best for you.

With patience and an open mind, you and your personal injury lawyer can work together to reach the best outcome. Contact the personal injury attorneys at Craven, Hoover & Blazek, P.C. at 317-881-2700 to schedule a free personal injury consultation, today.  We represent victims all throughout the state of Indiana and Indiana residents injured in other states.

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Negotiating a Final Settlement in a Personal Injury Case

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Personal Injury Lawyers Indiana 317-881-2700

Personal Injury Lawyers Indiana 317-881-2700

Negotiating a final settlement in a personal injury case is a common occurrence. It is much like buying a used car from a dealership. The salesman wants to sell the car at the highest price possible, while the customer wants the best price possible. So the negotiations continue until both parties are satisfied. An insurance adjuster and personal injury victim both want to come out on top during the negotiation process.

Although the insurance adjuster knows roughly how much the insurance company will pay out to the injured victim, they will try their hardest to negotiate the smallest payout that the victim is willing to accept. The victim knows what their personal injury damages are worth, so their attorney tries their hardest to get the highest possible payout from the insurance company or opposing party.

There are a few predictable circumstances and steps to the negotiations process that injured victims should familiarize themselves with in order to be better prepared when the time comes to recover the full and fair compensation they deserve after an accident. Continue reading to learn some common approaches to negotiating a personal injury settlement.

Settlement Negotiations Between Both Parties

The victim’s lawyer will ask for the highest amount first in a written demand letter. The insurance adjuster or opposing party will likely contest that amount by refuting the degree of liability or finding something else wrong with the claim. They may state that certain treatments, surgeries, or therapy was not necessary, or use some other type of similar excuse.

Once this happens, the victim’s lawyer will respond by negating their allegations and then asking for a certain amount of compensation for a second time. This is the time that the insurance company will counter with an insulting, low-ball offer to see if they can get lucky in the case that the victim is simply in a hurry to get a settlement check.

This is when the victim’s legal team responds by vaguely acknowledging the insurance adjusters interferences, and lowering the initial compensation request, but only slightly. At this time, an insurance adjuster is more willing to raise their low-ball offer, and most often do.

With a higher offer, the victim and their lawyer have the option to either accept the offer or to counter once again with the same compensation request, or one that is slightly lower once again.

This process continues like this until both parties come to an agreement on full and fair compensation for a victim’s damages. If an agreement cannot be made, then the case will go to court and a judge will decide the appropriate compensation.

Craven, Hoover, and Blazek P.C.

Personal Injury Lawyers

Personal Injury Lawyers 317-881-2700

Call Craven, Hoover, and Blazek P.C. at 317-881-2700 for information about personal injury claims in Indianapolis, Indiana. Attorneys, Daniel Craven, Ralph Hoover, and Keith Blazek retain extensive experience in litigation and personal injury law, and are eager to represent your case. We offer free initial consultations and never collect lawyer fees unless we win your settlement. If you or someone you love has been recently injured as a result of another’s negligence, contact one of our seasoned Indianapolis personal injury lawyers for information regarding your rights following a serious accident.