3 Tips For Negotiating A Personal Injury Settlement
Very often, situations where we have suffered a personal injury happen. In most cases, the settlement will be determined in negotiations. However, experts from Bojat Law Group indicate that you must be careful in such a procedure. Therefore, here are X tips for a personal injury settlement negotiation.
It Is Very Important Who Will Negotiate
When it comes to a personal injury settlement procedure, it is clear that you must have a lawyer. Of course, the experts from Bojat Law Group suggest that you should have a legal representative who is already experienced in these legal matters – because very often, some beginner’s mistakes and oversights can happen. So, what are the most common mistakes and how can we avoid them?
Tips That Will Be Useful To You During Settlement Negotiations
If you have suffered personal injuries, we are sure you will discuss with your legal representative the strategy you will apply in the negotiations. However, you should know a few things yourself, so here are some tips that can help you in the settlement procedure.
1. You Must Have A Precise Settlement Amount In Your Claim
When a personal injury happens, you begin to prepare a compensation claim. At the very beginning, you probably don’t have the slightest idea of how much your request should be worth. For this reason, experts from Bojat Law Group believe that the help of an experienced personal injury lawyer is a necessity. Namely, clients who are not familiar with such legal issues generally do not know what factors can determine the amount when it comes to personal injury. We will only mention that you will be facing potential hospital expenses, insurance benefits, damages suffered, mental suffering and pain, etc. You certainly cannot assess that yourself and stay within the legal norms. Therefore, you and your lawyer should consider all aspects of the event itself – as well as your suffered damages and injuries. That way, you can establish a precise figure from which you will not deviate. However, in reality, certain deviations are possible. So, determine the range of amounts within which your request can move.
2. Do Not Necessarily Accept the Initial Settlement Offer
There is nothing so strenuous than negotiating with insurance representatives. They will take into account all factors and circumstances in order not to dispute the amount you are claiming – especially if it is a large amount. The situation is such that the appraisers from the insurance company will always offer you a small amount, trying to test you in this way – and see whether you are aware of how much your claim is worth. Experienced personal injury lawyers like those from Bojat Law Group already know this tactic well, so we are sure that an experienced lawyer will suggest that you do not accept the first offer. With a little more patience and negotiation skills, you could come out with a sum many times greater than the one that was originally offered to you.
3. Emotional Components
Negotiations can sometimes be exhausting – especially for a person who suffered damage due to a personal injury. And even though the legal procedures are exact things, do not ignore the emotional component. For example, if you cannot adequately take care of your child due to a personal injury and you need help – make sure to emphasize that. Although these elements are not exact and cannot be calculated in money – they still have a psychological impact, and it often happens that insurance companies accept compensation for larger amounts.
The Bottom Line
It is clear that personal injury settlements are not at all easy and sometimes are very tiring. However, persistence often pays off. Of course, when you finally reach an agreement regarding the settlement – it is very significant to have the entire agreement in written form.