![]() ![]() I look forward to hearing from you, and anticipate a response within 14 days.īeing quoted a low settlement offer can be frustrating, especially if your injury requires extensive medical care leading to a pile of bills. My contact information is listed at the top of this letter. If you have any questions about my personal injury claim or if any of the above is not clear, please do not hesitate to contact me. I would prefer not to litigate this claim, and it would be much better for us to settle this matter fairly and promptly. In an effort to amicably settle this matter, I am willing to reduce my settlement demand to $. You have presented no evidence that refutes the evidence I submitted with my letter. My initial demand amount was fair and accurate based on the severity of my injuries and the associated losses, including lost wages, that I incurred. Secondly, …Īs I discussed in detail in my letter to you dated, my injuries and damages were real. Unfortunately, I cannot accept your offer for the reasons discussed below.įirstly,… I have reviewed your letter very carefully, including your settlement offer. Word vs word insurance download#You can write your own response from scratch, or feel free to download and fill in this free reply letter template to counteroffer a lowball settlement offer:ĭear Mr. You should then write a formal letter of response in which you state that you don’t find the initial low settlement offer acceptable, listing the reasons why and concluding with a demand for a higher settlement offer. Rather, ask why the adjuster has provided this extremely low figure. If this happens, don’t immediately respond with a counteroffer lower than your demand letter. Sometimes adjusters will give you an obviously low offer as a tactic, which they use to see if you understand the value of your claim. ![]() Tip #3: If the adjuster’s offer is low, have them justify it This will show the insurer that you are willing to compromise and they may be more likely to work with you. In the case of the second scenario, you can go ahead and counteroffer, but set your counteroffer amount somewhere between their initial offer and your demand letter. to see if you have any knowledge of negotiations and.This lowball settlement is offered by the insurance company for a couple possible reasons: In many cases, the first offer you will receive will be low on purpose. Word vs word insurance how to#Any person acting without the advice of legal counsel is at a significant risk of undervaluing or overvaluing their claim simply because they don’t know how to determine the value. No matter what type of case it is, there are very specific laws that discuss how the compensation you are entitled to is calculated. Note: Keep in mind that determining the true value of your case is extremely complicated. ![]()
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