How an Insurance Company Handles Settlement Offers


Do you have a personal injury claim? If you do, you may find out that you are working with an insurance company when it comes to the claim itself. Insurance companies have their own way of calculating settlement offers. If you have a lawyer, he or she can help you during the negotiations process. Here is what you need to know about how the insurance company handles the settlement offer.

How an Adjuster Calculates Offer

When it comes to personal injury claims, the insurance adjuster has to figure out what your claim is worth. The adjuster will take into consideration:

  • Pain and suffering
  • Lost income
  • Medical bills

In addition, there may be other expenses calculated into your losses from the injury. The insurance adjuster has to consider the policy limits, the amount of the damages summarized and the strength of your case. If your case isn’t strong, then the adjuster may attempt to get you to settle for less than you deserve.

If you plan to file a claim, you should have a lawyer to help you strengthen your case. While you may have all of the proof in your medical bills and other evidence, the lawyer can help you come up with a strategy. The stronger your case, the more likely you are to receive the compensation that you deserve for an accident.

How an Adjuster Negotiates Settlement

Normally, the insurance company makes an initial offer. You should always talk about this offer with your lawyer ahead of time. Your lawyer will be able to tell you how much that he or she thinks that your case is worth and what you may be likely to win if you continue to pursue the case. If he or she tells you not to accept the offer, you can put up a counteroffer. If the two parties cannot come to an agreement, then you may have to go to trial.

Most personal injury cases are settled out of court. Of course, it is always a possibility that your case will have to go to trial. Fortunately, when you have a lawyer at your side, you will be prepared if you have to go to court. In the meantime, your lawyer can help you to determine whether you are accepting a fair settlement from the insurance company. To find out more about your claim, contact a personal injury lawyer, like a personal injury lawyer in Washington, DC from Cohen & Cohen, P.C., as soon as possible.