Negotiating for a settlement is one of the most important aspects of seeking compensation after an injury. And as many injured victims have discovered, it’s not exactly easy. This is especially true if you’re dealing with a big bad insurance company that seems intent on providing you with the most paltry sum imaginable. Deny and delay. That’s their whole game plan. Fortunately, you can push back against these insurance companies with a number of effective negotiation tactics.
Of course, it’s best to hire a professional to help you during these negotiations, such as a personal injury attorney in Upstate New York. The right team of lawyers can employ a number of negotiation tactics to help you get the settlement you need and deserve. After all, a settlement is often the only viable way to cover your medical expenses, missed wages, emotional distress, and any other damages you might have incurred. It’s best to book your consultation with a lawyer as soon as possible to avoid issues with the statute of limitations.
Don’t Accept the First Offer
The first rule is simple: Don’t accept the first settlement offer you receive from the insurance company (1). Although a few thousand dollars might seem like a lot of money at first, you have to consider the true cost of your injuries. The truth is that insurance companies try to offer the lowest possible amount they think they can get away with — and this results in “low-ball” first offers. Speak with your attorney and determine whether the offer will truly cover your economic and non-economic damages.
Back Up Your Claims
You also need to be ready to back up your claims with evidence (2). A settlement negotiation isn’t a trial — but it follows some of the same general rules. You will need to show that your injuries were severe — and the best way to do this is to use your medical records. Other evidence may also be required, such as eyewitness accounts, photos from the crash scene, and so on. Your attorney can not only help you negotiate, but they can also help you gather, compile, and present evidence. This can increase your chances of a positive settlement considerably.
Don’t Be Afraid to Walk Away
Last but certainly not least, you need to be prepared to walk away. Ending the negotiation will result in a trial. This is in no one’s best interests — but if you have no choice, there’s no other option. Often, insurance companies will see that you’re serious, and they will offer you a more suitable settlement after you threaten to walk away.
Enlist the Help of a Qualified Attorney Today
If you’ve been searching for a qualified, experienced personal injury attorney in Upstate New York, look no further than the Team at Stanley Law. Book a FREE consultation at your earliest convenience, and we can assess your unique situation to determine the best route forwards. We’ll make sure you get your hands on a settlement that reflects the true extent of your damages. Remember, internet research can only get you so far — so contact us today to get started with a real action plan.
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