Will Injury Lawyer In Etobicoke Tell You About The Negotiation Tactics?
You can learn a lot about the negotiation tactics from Personal Injury Lawyer in Etobicoke, if you consult and follow the tips. It is very important for you to know about the negotiation tactics to deal with the insurance adjusters. It will enable you to eliminate the chances of reducing or denying your claim. You will have a fair idea about what to expect from the other party. You will be well abreast with the demands that the insurance companies may make just to frustrate you and make simple things look complicated. Most importantly, you will know when to accept an offer and when to file a formal lawsuit.
Start The Negotiation
You will have the perfect platform built by Personal Injury Lawyer in Etobicoke to start the negotiation with the insurance company. A perfect pace will be set and proper guidance will be provided with necessary intervention by the lawyer from time to time. To start with the lawyer will have drafted a precise and concise demand letter which is the formal document to start a negotiation process. This letter includes the details of the accident and injuries, the names and contact information of the parties involved and the amount claimed as damages. All will be supported with valid and relevant documents and proofs.
Calculating The Claim Amount
The Injury Lawyer in Etobicoke will also ensure that the claim amount that is calculated is perfect in all respects and is reasonable enough. Ideally, the injury lawyer will set the demand a little bit higher than what you should accept as a reasonable offer. This is deliberately done to give you enough room for negotiation knowing the fact that the insurance companies will start with a very, very low offer. This will eventually eliminate the chances for the insurance companies to settle the matter at a very low cost. Therefore, it is required that you do not miscalculate the claim amount that you will mention in the demand letter.
Rule of Thumb
During negotiation process usually the rule of thumb is followed. You must make an initial amount that is double or more the amount that you and your Injury Lawyer in Etobicoke have decided to finally accept. It is then you can come down from that easily but still receive the claim amount that you legally and rightfully deserve. When you come down from your initial claim amount do not forget to justify and ask for justification from the insurance company as to why they think your claim to be high. You proper analysis and justification you will be able to handle the tricky situation effectively.
Threat of Trial
During the negotiation processes try to impose the threat of trials so that you can increase the claim offer. Sometimes the insurance company will consider the issues involved and the pros and cons of a trial process. If you can establish the fact that you have a stronger case and have a better chance of winning a court room verdict, it may help you to increase the final claim offer. To read more Click Here