Maximizing Your Auto Insurance Settlement
When involved in a car accident that has left you injured, you are entitled to compensation for damages. You know what your injury has cost you financially, physically and emotionally but documenting this and proving it to the insurance company is essential for getting the compensation you deserve. Knowing what you need to make a claim, what to save and document, as well as what not to do, will help you maximize your auto insurance settlement.
Other People Are Reading
Instructions
-
-
1
Do not give consent to a recorded statement. The insurance claims adjuster will try to get a recorded statement from you. Some will even go as far as to imply that without it, they cannot process your claim. This is not the case. These statements are taken as a means to ensure a smaller payout in the future. Oftentimes they will ask questions about your injuries that you may not have accurate answers to and those answers can and will be used against you in the future.
-
2
Document all your conversations. You will be going back and forth with the insurance company a great deal during the claim and settlement process. It is important that you keep track of the conversations you have with them. Keep original copies of letters you receive along with any emails or other correspondence. When talking on the phone with the insurance company, write down the title and name of the individual you spoke to along with date, time and details of the conversation.
-
-
3
Keep accurate records. Save copies of the medical bills you incur while being treated for your injuries. This includes doctor visits, hospitalizations, X-rays and lab work, physical therapy sessions and any other medical care you receive. Get copies of your medical records to have on hand. If you have missed work, obtain a statement from your place of employment with salary information and the number of days you have missed due to your injury and recovery time. If as a result of the accident you need to order food or hire help to cook, care for children and household chores, keep a record of this information and how much you spend. These are all factors that should be considered when evaluating the settlement.
-
4
Do not settle for less. If you are denied a claim or are unhappy with the amount the insurance company is offering, speak to a manager to negotiate. If you find that you are unsuccessful in getting a settlement amount that you find is reasonable, do not hesitate to contact an injury lawyer for further assistance.
-
1
Tips & Warnings
If you have a lawyer, it is wise to only answer questions in his or her presence.
If you are unsure about the answer to a question, do not answer it.
Do not admit guilt, or take responsibility for the accident.
References
- Photo Credit Liquidlibrary/liquidlibrary/Getty Images
