Negotiating a fair settlement after your accident with the insurance company can be a daunting task to put it mildly. In personal injury cases, insurance companies often try to get away with paying you the lowest amount of compensation possible. Being for-profit entities, they have a vested interest in minimizing payouts, so that they can maximize their bottom line.

Recognizing this harsh reality is essential if you want to recover full and fair compensation for your injuries. Since a personal injury claim is usually settled through negotiations, the key to getting the settlement you deserve lies in your attorney’s ability to negotiate aggressively based on hard evidence.

7 Tips for Negotiating a Higher Settlement with the Insurance Company

  1. Start Strong with a Well-Prepared Demand: Begin negotiations by presenting a comprehensive demand letter that outlines the details of your injuries, medical treatment, financial losses, and the compensation you are seeking. Back up your demand with documentary evidence like medical records, doctor’s reports, medical bills, and photographs to demonstrate the validity of your insurance claim.
  2. Anchor High: Propose a car accident settlement amount that is higher than what you realistically expect to receive. It can serve as an anchor point for settlement negotiations and give you room to negotiate down and still achieve a favorable outcome.
  3. Do Not Accept the First Offer: The first offer from the insurance adjuster will almost certainly be unreasonably low. They might say that it is their first and final offer and try to pressure you into accepting it. Refuse the offer and let them know that you deserve more – based on the strength of your evidence.
  4. Continue Your Treatment: If you require ongoing medical treatment for your injuries, it is vital to follow up with your doctor and continue your treatment. The need for ongoing medical care can demonstrate the severity of your injuries, strengthen your negotiating position, and help you get a fair settlement with the help of a seasoned car accident attorney.
  5. Highlight Future Costs: If your injuries are likely to result in a disability or affect your future earning capacity in any way, make sure you factor it into your settlement demand. Establish the long-term impact of your injuries and the associated financial implications to justify a higher settlement amount.
  6. Focus on Emotional and Non-Economic Damages: Emphasize the emotional damages as part of your claim – the pain and suffering you go through, not being able to take care of your child, not being able to take care of yourself, not being able to enjoy your life like you used to, and so on.
  7. Be Flexible: Be open to reasonable compromises with the car insurance company during negotiations. Consider alternative forms of compensation for a fair settlement or creative solutions that can address both parties’ interests and meet your needs at the same time.

How the Experienced Personal Injury Attorneys at Larry Moskowitz, PA Can Negotiate a Fair Settlement for You

No matter how strong a case you have, it is never a good idea to negotiate directly with the insurance company. Insurance companies have teams of claims adjusters and legal professionals who have a mandate to minimize payouts. Without aggressive legal representation, you will be at a significant disadvantage during negotiations, which can cause you to accept a settlement that does not adequately compensate you for your losses.

At Larry Moskowitz, PA, we have a team of highly skilled and experienced personal injury attorneys who can strongly negotiate on your behalf and recover the compensation you are entitled to. We have an arsenal of robust strategies for successfully negotiating for more money with the insurance company and a track record of obtaining large settlements and verdicts for our clients.

Here’s how our personal injury attorney can negotiate a higher settlement for you from the insurance claims adjuster in a car accident claim or another personal injury lawsuit.

Thorough Case Evaluation

We will conduct a comprehensive assessment of your case, gather evidence, review your medical records, determine liability, and assess the extent of your damages. We will identify the strengths and weaknesses of your claim and develop a strategic negotiation plan.

Making a Strong Demand

We will draft a demand letter that includes the details about your injuries, medical treatment, property damage, lost earnings, and the amount of compensation you are seeking. We will back our demands with compelling evidence and set a clear and persuasive foundation for settlement negotiations.

Quantifying Damages

We will meticulously calculate the full extent of your damages – including medical expenses, lost earnings, property damage, pain and suffering, and future costs associated with your injuries. Thorough documentation of your damages allows us to confidently negotiate for a higher settlement with the insurance company.

Comparative Analysis

We will research and provide examples of similar cases and their settlement amounts to explain why your compensation demands are reasonable.

Demonstrating Resolve

We will create a sense of urgency during negotiations and demonstrate our resolve by making it clear to the insurance company that if a fair settlement is not reached, we are prepared to litigate the case. Our strong trial preparations can encourage the insurance company to expedite the settlement process and offer a higher settlement amount to avoid facing the jury in court.

Our Attorneys Have Hard-Fought Experience to Take on Insurance Companies for Injury Claims

When it comes to personal injury claims, aggressive and tactful negotiation could be the difference between settling for a lowball offer and getting the settlement you rightfully deserve. At Larry Moskowitz, PA, we are battle-tested in negotiating maximum settlements with insurance companies. We know how to build a strong case and use our trial readiness as leverage to get the insurance company to pay what you deserve.

Our founder, Larry Moskowitz, is a former prosecutor and a successful personal injury lawyer with decades of experience in handling tort claims. Attorney Moskowitz uses his deep legal acumen to build persuasive negotiation strategies and recover the maximum possible compensation for his clients.With our legal team on your side, you do not have to worry about being forced to accept anything less than what you are entitled to. Call us today at 866-312-0708 or get in touch with us online to schedule a free case evaluation.