What to Expect in an Injury Claim Settlement with Mid Century Insurance | Colorado Springs Injury Lawyers
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As a subsidiary of the more well-known Farmers Insurance Group, Mid Century Insurance provides property and casualty insurance for a variety of incidents. Mid Century is licensed to sell insurance in 41 states, including Colorado. Although Mid Century may not be as popular as some of the larger insurance providers, the company shares the same goal as everybody else: turn a profit.
With this in mind, it is important to realize that Mid Century Insurance, like other insurance providers, will do what it can to minimize your personal injury claim and settle for as little as possible. For instance, the company may offer to pay for only a certain portion of your medical expenses following an accident.
Having a skilled and experienced personal injury attorney on your side throughout the claim settlement process can prevent insurance companies from taking advantage of your lack of expertise.
If you or a loved one has been hurt or injured by an individual or entity covered by Mid Century Insurance, call Zinda Law Group at (800) 863-5312 for a 100% free case evaluation with our skilled and experienced Colorado Springs personal injury attorneys.
The Injury Claim Process
After being injured in a car accident or other event, you may need to file a claim with Mid Century Insurance in order to receive compensation for your injuries and damages. As previously mentioned, Mid Century, like other insurance companies, will do what it can to make sure that it pays out the minimum.
The settlement process is typically handled by one of the insurance company’s claims adjusters. After being assigned to your case, the claims adjuster will take several factors into consideration before trying to get you to settle the claim for as little as possible. For instance, if the claims adjuster knows that you are having financial difficulties, he or she may offer you a low settlement amount hoping that you will accept it in order to receive compensation as soon as possible.
Although you may receive an initial offer that you believe is too low, this does not necessarily signal the end of your claim. It is possible to negotiate a better settlement with Mid Century Insurance. Understanding what the negotiation process consists of and what to do throughout negotiations may help you obtain a more favorable settlement.
Negotiating Your Injury Claim
The negotiation process is typically a battle that consists of back-and-forth communication between you and the insurance company’s claims adjuster. Although the process is challenging, there are several steps that you can take in order to maximize your efficiency and effectiveness.
Collect and Organize All Documentation
It is very important that you organize all documentation relating to the incident. The more comprehensive the documentation is, the better position you will be in when it comes to negotiating your claim. If possible, you should gather: police reports, medical/repair bills, photographs of the injury or damage, photographs of the scene of the accident, witness statements, and estimates of lost wages.
Organizing these documents into a file will strengthen your case and relieve much of the stress involved in the negotiating process.
Establish a Minimum Settlement Amount
Understanding what your claim is actually worth will allow you to negotiate more effectively. Estimate your claim’s value by considering factors such as: medical bills, car repair bills, lost wages, and other miscellaneous expenses.
Once you determine your claim’s value, you will be in a better position to negotiate your claim. Although Mid Century may deny or reject your initial settlement offer, do not hesitate to reject theirs if the proposed amount is substantially lower than your estimate.
Emphasize and Reemphasize Your Accident
Defend your position throughout the process by emphasizing and reemphasizing the severity of the incident, the extent of your injuries, and how those injuries will impact your life both physically and mentally.
You can refer to any relevant documentation whenever possible in order to support your position. Referring to this evidence will make it very difficult for adjusters to lowball you.
After the Negotiation Process
Ideally, a settlement amount that is satisfactory to both you and Mid Century will be reached. If this occurs, confirm the agreement in writing. If, however, an agreement is not reached, you may need to explore the possibility of filing a personal injury lawsuit.
In any event, it is important to remember that the negotiation process will require you to be patient and persistent. Doing so can put you in a better position to receive fair compensation.
Our Colorado Springs Personal Injury Lawyers Can Help
At Zinda Law Group, our Colorado Springs injury attorneys have the skill, experience, and desire to assist you seek a fair settlement from Mid Century Insurance following an accident. Our attorneys will work hard to help you seek the compensation you deserve.
If you would like to speak with an experienced Colorado Springs personal injury lawyer, or to learn more about the settlement process, call Zinda Law Group at (800) 863-5312 to receive your free case evaluation.
Meetings with attorneys are by appointment only.