How to Negotiate with Insurance Companies to Maximize Your Settlement

Negotiating your personal injury settlement is, perhaps, the most important part of your case. During negotiations, you’ll mediate with big insurance companies who often don’t want to give you the benefits you deserve. Here are some tips to help you negotiate with insurance so you get your full compensation.

How to Negotiate with Insurance

There are several things to keep in mind when discussing your personal injury case with an insurance company:

• Remember their bottom line: Regardless of who you’re negotiating with, insurance companies will protect their bottom line and put their interests over your own when negotiating a settlement. It’s important to understand where they’re coming from, so you stay alert.
• Begin your claim quickly: The sooner you file your personal injury claim, the more time you have to gather evidence and build your case.
• Don’t speculate: When you negotiate with insurance companies, never give your opinion on the case. Stick to only providing information you can back up instead of accidentally providing contradicting statements.
• Know your claim’s worth: The longer negotiations last, the more important it is to know your claim’s rough value. It’s possible the insurance company will assume you don’t know what you should receive, so they’ll likely give you a lower offer.
• Stay patient: You’ll never see the best offer at the start. It’s important to be patient and go through a few rounds of negotiations in order to get your full compensation.
• Write everything down: Document as much of the negotiation as possible in writing. It helps eliminate confusion when talking to insurance companies and gives you proof that you can refer to later during continued negotiations.
• Hire a personal injury attorney: A successful personal injury case requires skillful negotiations with insurance companies. To ensure your negotiation is successful, it’s best to hire an experienced personal injury attorney.

Trust Your Missouri Personal Injury Attorneys at Lanzotti & Rau

Licensed and experienced attorneys at Lanzotti & Rau have the skills to effectively negotiate with insurance companies. Our legal professionals will know exactly what to say to get you the best settlement possible. To learn more about our personal injury legal services and how we handle our cases, call us today at 573-335-9300 and schedule a free consultation.