When a person has been injured, especially if the injuries or the property damage incurred are even mildly significant, an insurance company will likely offer the individual impacted by the accident a settlement offer. This can be a good thing, or, in some cases, a bad thing, depending on the details of the settlement. In some instances, a person may need to submit a settlement demand letter to an insurance company. In any situation, when receiving a settlement offer or drafting a settlement demand letter, a person may want to consult with an attorney that handles personal injury settlements.
Often times, insurance companies will offer settlement offers following a mild to serious accident where the insurance company’s clients where either negligent and responsible for the accident. In these cases, the compensation offered in the settlement may be fair, but this is not always the case. For many people with no experience with settlement offers, it may be hard to tell if the offer is good or bad. In these instances, consulting with a settlement lawyer before accepting a settlement is advisable.
Drafting a Demand for Settlement Letter
When a person is looking to an insurance company for a settlement, they will often times need to create and submit a demand for a settlement to an insurance company. In these situations, having the help of a settlement attorney can aide an individual in the correct wording of a demand for settlement letter so that it will have maximum impact.
Sometimes it’s Only the Start of Negotiations
Another reason why having a settlement lawyer working for an individual is important is because whether it’s a compensation offer or it’s a demand letter for compensation, the initial contact may only be the start of a long negotiation process. Having an attorney that has done this sort of thing many times and understands the nuances of negotiating with an insurance company can pay off nicely.
If you are pondering whether to accept a settlement offered by an insurance company or you’re looking for a powerful and effective demand for settlement letter, the help of a settlement lawyer would be advisable. With their knowledge of the insurance settlement process and their understanding of how to negotiate with an insurance company, it is hard not to consider the use of their services.