Negotiating settlements in insurance claims can be a surprisingly challenging process. Insurance companies have experienced adjusters and lawyers who work to minimize the amount they have to pay out in settlements. They will thoroughly review the details of the case, including medical reports, police reports, and any other relevant evidence. They may also sometimes request further documentation or conduct their own investigations to validate the claim.
Anyone seeking a fair settlement should have their own legal representation, like our Reno personal injury attorneys from Kidwell & Gallagher Injury Lawyers.
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Insurance companies are typically involved in various types of personal injury cases. These include:
When someone sustains injuries or damages due to the negligence or wrongdoing of another party, insurance companies often come into play to provide compensation.
The first step is to contact a reliable personal injury attorney, such as from Kidwell & Gallagher Injury Lawyers. They will guide you through the process and ensure that you follow the necessary steps, such as gathering evidence, getting medical treatment, and documenting all expenses related to your injury.
Once you have completed these initial steps, your attorney will then draft a demand letter outlining the details of your case, the damages you have suffered, and the amount of compensation you are seeking. This letter will be sent to the insurance company, initiating the negotiation process.
The timeline for receiving a settlement offer can vary depending on the complexity of the case, the severity of your injuries, and the cooperation of the insurance company. In some cases, insurance companies may make a settlement offer soon after receiving the demand letter. However, in more complex cases, it may take longer for the insurance company to complete their investigation and evaluate the value of your claim.
Insurance companies rely on various factors to determine the value of your claim and negotiate a settlement. These factors may include the:
Insurance adjusters will evaluate all the evidence and documentation from your attorney, but remember that their primary goal is to minimize the amount they have to pay out.
During the negotiation process, the insurance adjuster may offer a settlement amount that is lower than what you believe you deserve. This is where having an experienced personal injury attorney on your side becomes invaluable. They will advocate for your rights and fight for fair compensation, ensuring you are not taken advantage of by the insurance company.
It is essential to understand that you have the right to reject the insurance company’s initial offer if you believe it does not fully compensate you for your injuries and damages. Your attorney will carefully review the offer and negotiate with the insurance company to seek a higher settlement. They will present counter-arguments, provide additional evidence if necessary, and fight for your best interests throughout the negotiation process.
Navigating the negotiation process with insurance companies can be overwhelming, especially when you are dealing with injuries and recovery. Having a dedicated personal injury attorney like Kidwell & Gallagher Injury Lawyers by your side can relieve you from the stress of dealing with insurance adjusters while ensuring that your claim is protected.
Contact us today online or at (775) 323-2667 to schedule a consultation with one of our skilled personal injury attorneys.
Craig W. Kidwell is the managing partner of Kidwell & Gallagher, Ltd., and exclusively represents injured workers in Nevada. Mr. Kidwell has been practicing workers’ compensation law in Nevada since 1999 and has acted as lead counsel on over 2,000 contested workers’ compensation claims. Mr. Kidwell represents injured workers in Nevada through all stages of Nevada’s complex worker’s compensation system. Craig regularly appears in all levels of Nevada’s administrative workers’ compensation system and has represented injured workers in Nevada’s districts and Supreme Court.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Managing Partner, Craig W. Kidwell who has more than 20 years of legal experience as a personal injury attorney.