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What is the Purpose of Personal Injury Negotiations?<\/h2>\n\n\n\n
Personal injury negotiations are meant to provide\ninjured victims with the opportunity to demand the full and fair compensation\nfrom their accident and subsequent injuries. The process is sadly sometimes\nsimilar to haggling over the price of a commodity at your local city market;\nthe seller knows how much they are willing to sell it for, and the buyer knows\nhow much they are willing to spend on it, but neither party knows the other\nparty\u2019s limits, so a bargaining process commences. In the case of a personal\ninjury claim, the injured victim and the insurance adjuster will go back and\nforth until they agree on a fair settlement. What one side believes is\nfair usually does not match what the other side believes is fair. <\/p>\n\n\n\n
What is a Demand Letter?<\/h2>\n\n\n\n
An accident victim may need to take action in order to receive compensation for their damages by developing a letter of demand to the at-fault party\u2019s insurance carrier. Basically, a demand letter is a formally written memo that becomes the catalyst for negotiating full and fair compensation for an accident. They can be highly complex, so retaining an experienced Indiana personal injury lawyer<\/a> to write a demand letter is strongly advised.\u00a0 <\/p>\n\n\n\n The process of personal injury negotiations between\nclaimant\/attorney and adjuster often begins with the claimant\u2019s attorney\nsending in a demand letter with the requested amount of compensation. As a\nresponse, the insurance adjuster usually tries to find problems or gaps in the\nclaim, and possibly even question liability or deny benefits altogether. From\nthere, the claimant will respond to the adjuster\u2019s arguments. Then the adjuster\nmight offer a low-ball settlement to see how eager the claimant is to settle.\nThe claimant may respond by slightly conceding from their original demand, but\nstill demanding a fair settlement. From there, the adjuster might deliver\nanother offer that is higher than their previous one. At this point, the\nclaimant can either accept the offer or make a counter-demand. <\/p>\n\n\n\n Of course, this is just a generalized example of the\nnegotiations process; there is much more to the strategy of dealing with\ninsurance adjuster ploys to get claimants to settle fast and low. For these\nreasons and more, you must have a personal injury lawyer on your case, managing\nthe negotiations process for you.<\/p>\n\n\n\n Shortly after an insurance adjust receives a demand\nletter, the process of negotiations will begin. Claimants usually get a phone\ncall within 7 to 14 days, but this can vary depending on the traffic of the\noffice, the adjuster\u2019s schedule, and how much investigation the adjuster\nchooses to do. The entire process from start to finish can take anywhere from a\nfew weeks to a few years, depending on the circumstances of the case. Talk to a\nlicensed personal injury attorney to learn how long your claim might take.<\/p>\n\n\n\n After a claimant sends in a demand letter, it is fairly common for them to receive a Reservations of Rights letter from the insurance company. This letter is meant to inform the claimant that the company has begun investigating the claim, but at the same time, reserving the right to not pay the claimant anything at all if the investigations reveal that the accident is not covered under the policy. See our blog, \u201cWhat is a Reservations of Rights Letter?<\/a>\u201d to learn more.<\/p>\n\n\n\n Call the Law Office of Craven, Hoover, and Blazek P.C. at 317-881-2700<\/strong> to schedule a free initial consultation with a licensed personal injury attorney in Indianapolis, Indiana. Seasoned lawyers, Daniel Craven, Ralph Hoover, and Keith Blazek, can help you recover the full and fair compensation you deserve after being seriously injured in an accident. Call 317-881-2700 to get started today.<\/p>\n","protected":false},"excerpt":{"rendered":" If you are entering into a personal injury claim, it is wise to educate yourself on the developments and procedures that are to be expected. One important matter to better understand for your personal injury case is the process of … Continue reading What are the General Steps to the Negotiation Process?<\/h2>\n\n\n\n
When Do Personal Injury Negotiations Begin?<\/h2>\n\n\n\n
What is a Reservation of Rights Letter?<\/h2>\n\n\n\n
How to Make a Personal Injury Claim in Indiana<\/strong><\/h2>\n\n\n\n
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