How Do I Maximize My Personal Injury Settlement?

April 6th, 2021 by Attorney John Colvin

Winchester, TN Personal Injury Lawyer

You may have already noticed the financial strain a personal injury results in and ask yourself, “How do I maximize my personal injury settlement?” If another party was responsible for your injury, you have a right to file a lawsuit, seeking compensation. The issue is that sometimes the victims fail to receive an adequate settlement because of one reason or another.

Accident victims only get one chance to seek the compensation they deserve following injuries sustained. If, like most accident victims, you do not have a comprehensive understanding of the law, trying to negotiate a settlement by yourself might not yield the best results. Contact a Tennessee personal injury lawyer today at 877-359-7916.

How Do I Maximize My Personal Injury Settlement?

Once your negotiation process starts heating up for your claim, you must have an effective strategy put in place. The following steps will give you a heads up:

  •   Have a Pre- Determined Recovery Amount

When filing your claim, you need to figure out all that you think is worth compensation. Before reaching out to an insurance adjuster, have a minimum settlement amount in mind. Note that you don’t have to stick to this figure; you can adjust it up or down depending on your claim’s weight.

  •   Don’t Settle on the Initial Offer

Typically, insurance adjusters start negotiations with a very low upfront amount. Here, your adjuster is only testing your patience and the worth of your claim. Some extra bargaining will help you arrive at a settlement you both deem fair. During the negotiations, it’s wise to try emphasizing your strongholds, i.e., the liable party was completely at fault. For instance, highlight any possibilities of reckless driving. Also, utilize emotional points to your favor in that you can show the extent of suffering, pain, damage, or loss the incident has caused.

  •   Be Patient

Don’t reduce your claim more than once until your adjuster offers a new amount -the rule of bargaining. If the adjuster has reasons why he cannot increase the offer, review each one. Once you’ve dealt with those issues, the adjuster will have no reason to deny you a better offer.

  •   Know When to Seek an Attorney’s Help

If along the way, you feel that negotiations are not going in your favor, you may opt to talk to a Tennessee Personal Injury Attorney. This is necessary, particularly if you’re seeking future damages, the recovery amount is huge, or there are concerns about who was at fault.

  •   Put the Settlement on Paper

Once you and the adjuster settle on an amount, confirm the agreement immediately through a letter to the adjuster. This letter should be short and precise.

Contact a Tennessee Personal Injury Lawyer

An experienced personal injury lawyer will guide you on the right steps to receive maximum compensation. At every stage, your attorney will help you negotiate your deserved recovery amount. If negotiations fail and you have to proceed to trial, the Tennessee Personal Injury Attorney John R. Colvin will help you by every means possible. For more information on how you’ll maximize your personal injury settlement, reach out to an attorney today at 877-359-7916.

Call Today! (931) 962-1044

Disclaimer*
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advise for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.

Licensed to Practice in Tennessee & Alabama