How To Respond To a Low Settlement Offer From An Auto Insurer

Auto wrecks happen, and that’s why we have insurance. Vehicle insurance was designed to protect drivers financially when a vehicle collision occurs. Insurers are supposed to pay auto wreck victims for the crash-related medical expenses they incurred, as well as the property damage that happened to their vehicle.

Unfortunately, even though insurers are supposed to pay the auto wreck victim, they sometimes try to get out of their obligation. Why would they try to deny your claim? Because they lose money every time they pay a settlement to an auto wreck victim. They will often make low settlement offers to car crash victims, because they hope to minimize the payout they must make to you.

What Should You Do When the Insurer Lowballs You?

If you are offered a low settlement from the insurance company, you need to know that you don’t have to accept it. If you don’t believe the offer is fair, you have every right to negotiate. You can even demand that they pay you what you’re owed, because the law is on your side in North Carolina.

If they fail to pay you the settlement you’re rightly entitled to, you could take the insurance company to court. They won’t like that because they know they could lose and be forced to pay you much more in damages. 

You might have the upper hand in the negotiation, especially if you have a strong auto wreck case. If you have significant evidence that can prove the fault of their insured party, and if you can show that you suffered great losses, you should receive a fair settlement from the insurance company.

How Should You Respond to a Low Offer?

You can tell the insurance company, “No, thank you.” You can send a reply that says you are not accepting their low offer. You can then counter with the amount you believe is fair, and then present evidence to back up your request. Show them why you deserve more compensation than what they initially offered.

It’s annoying when insurers play these games. You know that they know you are owed a certain amount of money in a settlement, but insurance is a business. Some insurers will try to minimize the amount they must pay to you in any way they can. Just remember, you don’t have to accept their low settlement offer. You can negotiate or take them to court.

Talk with a Car Crash Attorney at The Nye Law Group

Now you have an idea as to how to respond to an insurance company intent on lowballing you. But, you don’t have to deal with the insurance company by yourself. You can have a vehicle crash lawyer on your team. Your lawyer will help you with all the steps of the personal injury claim process, including insurance negotiations.

Contact a vehicle crash lawyer at The Nye Law Group to begin the auto wreck claim process. Get a free case review by dialing 704-285-6319, or you can reach out through the internet form below.