Should I Reject a Low Insurance Settlement Offer for My Injury Claim? | Colorado Springs Injury Lawyers

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After you’ve been injured in an accident, you will likely have to seek compensation for damages from the at-fault party’s insurance company. However, insurance companies are not dedicated to making you whole again; on the contrary, they are concerned with turning a profit by minimizing your claim.

You can reject an insurance settlement offer that you feel is too low. You are under no obligation to accept an offer that you feel doesn’t properly value the injuries you’ve suffered. At Zinda Law Group, our injury attorneys can walk you through the best way to reject a low offer and how to know when an insurance adjuster really has given you their “best” offer.

If you are dealing with an insurance company after suffering an injury, call Zinda Law Group at (800) 863-5312 for a free consultation with a Colorado Springs accident attorney.

Rejecting an Insurance Settlement Offer

Don’t panic if the first offer you receive from an insurance company seems extraordinarily low. Often, a claims adjuster will give you an artificially deflated offer at first because the insurance company has nothing to lose.

They know that the financial realities for many people who’ve suffered an injury make it incredibly difficult to pass up any amount of money offered. As tempting as it may be, don’t accept a settlement offer unless you feel that it is fair and adequately values your injuries.

After you’ve decided to reject a settlement offer, make sure to send a letter or email to the claims adjuster letting them know that you’re not accepting the offer. Make sure your letter says that you find the latest offer unacceptable, lists the reasons why you deserve a higher settlement offer, and ends with a specific demand for a higher offer. This demand is your counteroffer and will have to be accepted or rejected by the claims adjuster.

This process will continue until you either accept an offer, the insurance company accepts a counteroffer, or you reach an impasse with the company and must file a lawsuit to recover what you deserve.

How to Know If an Insurance Company Is Offering a Fair Settlement

Claims adjusters will often tell you that their current offer is their “authority” amount. They generally mean that in order to increase their offer, they have to get authorization from a supervisor. That’s perfectly fine. You shouldn’t feel pressured to accept a low offer because the adjuster might have to ask their boss to increase it.

Knowing when an offer is fair is hardly an exact science. It requires you to take an honest look at the facts of your claim and compare the facts to what you’ve been offered. Be realistic about what your claim is worth, but don’t feel pressure to accept something you aren’t comfortable with. At the end of the day, you have to live with the offer you accept; if you believe it’s fair, go ahead and accept it!

Get Help from Our Colorado Springs Injury Lawyers

At Zinda Law Group, our Colorado Springs accident lawyers have helped thousands of injury victims get their lives back on track after an accident. We have the knowledge and resources necessary to help you build the strongest case possible and seek maximum compensation for medical bills, property damage, lost income, pain and suffering, and much more.

Our firm also believes that an injury victim should never have to worry about being able to afford excellent legal representation. That is why we offer 100% free consultations, and why you will pay nothing unless we win your case. That’s our No Fee Guarantee.

If you or a loved one has been injured in an accident, call Zinda Law Group at (800) 863-5312 to receive your free consultation with one of our Colorado Springs personal injury lawyers. Meetings with attorneys by appointment only.