It is not uncommon for an insurance company to make a lowball offer in a personal injury claim. This can be frustrating and confusing for a person who has been injured and needs compensation. There are several reasons why insurance companies make these lowball offers:
• They want to force you into settling with them so that they don’t have to spend any more money on your case than necessary
• You haven’t suffered enough damage yet for them to feel comfortable offering more money
• They believe that if you accept their offer immediately without filing suit against them, then they won’t have any further liability on their end of things
An injury lawyer in Orangeville may offer you the following tips on how you can handle these situations:
1. Do not accept the offer right away.
You have the legal right to negotiate with an insurance company over the compensation they offer you for your injuries. This is why it is essential not to accept their initial offer immediately. You need to give yourself time to think about what they are offering and decide whether or not it feels like enough money for all that has happened. If it doesn’t feel like enough money, then let them know that you would like more compensation than what they offered initially. Then negotiate with them until they come up with a number that works for both sides. This way, neither side feels as if they’ve been taken advantage of by negotiating too low or too high on an offer before going ahead and accepting it. It is best to evaluate the offer and consult an injury lawyer before making any decisions.
2. Ask for information about why they made that particular offer.
You may have done something incorrectly by filing your claim, which caused them not to pay out as much as they would have liked or wanted to pay out initially so they could avoid going through litigation with you or any other cases like yours. By asking for more information about the lowball offers, you can better understand what happened and how it happened and help you negotiate a better deal.
3. Ask for more than what you think you deserve.
This will give them room to negotiate and possibly come back with a better deal later in the process, which is always good news! If they do not want to budge from their first offer, then ask them what compensation package would be acceptable instead of money. Your lawyer can advise you on whether or not it is wise to accept this kind of offer and what steps need to be taken next.