3 Steps of the Insurance Negotiation Process for Injury Claims | Colorado Springs Injury Lawyers


When dealing with an insurance company after an injury, it may be helpful to have a sense of the key steps in the negotiation process. Without a solid understanding of the big picture in an insurance negotiation, it may be difficult to fight for the compensation you are seeking from an opposing party’s policy, or from your own insurance provider.

Have you or a loved one been hurt in a car wreck, 18-wheeler collision, workplace accident, or another incident? Call Zinda Law Group at (800) 863-5312 for a free consultation with a Colorado Springs injury attorney.

How Do Insurance Negotiations Work?

Recovering from your injuries can feel overwhelming, especially if you’re trying to craft a complex legal claim in addition to receiving treatment. It may be advantageous for you to research the insurance negotiation process so that you understand how to place a personal injury claim.

Many insurance negotiations take place between an injured party, which may be you or a legal representative, and an adjuster who is negotiating on behalf of an insurance company, like State Farm, GEICO, or Allstate. Adjusters are trained professionals who work on a full-time or contract basis to negotiate claims on behalf of an insurance company.

If the opposing party who caused your injury is an insurance policy holder, you may be negotiating with their provider. In some cases, you may deal with your own insurance provider for compensation if the at-fault party has no relevant insurance.

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Conducting an Investigation

 The first phase of effectively negotiating with an insurance company actually takes place before any official negotiations for a settlement. You must prepare your case and accurately value your claim.

Many injury victims hire a personal injury lawyer to conduct an investigation on their behalf, as many law firms have specialized resources at their disposal to discover and analyze the pertinent information for your case. Investigations may include a variety of information, including:

  • Police reports;
  • Witness testimony; and
  • History of negligence or misconduct of the opposing party.

Value Your Claim

After you feel confident that you have uncovered all the necessary evidence, the next step is to value your claim. A personal injury award value can take into account a variety of factors, and is not limited to medical bills.

The primary factor in an injury claim valuation includes the cost of medical treatment, as well as any lost wages and loss of future earning capacity. These and similar costs are known as economic damages and may help you accurately determine the value of your case.

In addition to economic damages, you may also want to learn how to calculate non-economic damages. These include the lingering effects of your injuries on both you and your loved ones.

Non-economic damages include pain and suffering, difficulty sleeping, depression, anxiety, and other similar injury-related conditions. There are many ways to calculate non-economic damages, so it is advisable to consult a personal injury attorney to help you determine the value of your case.

Make Your Claim and Stand Firm

Once you have conducted an investigation and calculated the value of your personal injury claim, the last step is to submit your claim, and to stand firm in your intended compensation.

Insurance adjusters are trained to minimize their settlement values, so it may be worthwhile to take your claim to trial if the opposing insurance company does not meet your expected award value.

Get Help from Colorado Springs Injury Lawyers

If you are preparing for negotiations with an insurance provider, our personal injury attorneys can help. And as one of our clients, you will pay nothing unless we win.

Call Zinda Law Group at (800) 863-5312 for a free consultation with a Colorado Springs accident injury lawyer.

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