What To Expect In A Personal Injury Settlement With Liberty Mutual
You should expect that Liberty Mutual may put up a fight before they settle with you if you were involved in an accident in Colorado Springs. Liberty Mutual insurance, like every other insurance company, is a for-profit business. They make money by selling insurance policies and collecting the premiums for them. Liberty Mutual makes a profit at the end of the year when the amount of money they take in from insurance premiums exceeds the amount they pay out in claims. It’s that simple.
A quick scan of the Better Business Bureau’s reviews of Liberty Mutual Insurance does not paint a pretty picture for that company. Many people report difficulty with reporting claims, getting help with customer service, and slow payment of insurance claims, among other complaints. While the BBB reviews are not a thorough review of the company, they do provide some insight into what you might be dealing with if you need to file a claim with Liberty Mutual Insurance.
What Steps Can You Take To Strengthen Your Negotiating Position With Liberty Mutual?
Be prepared. You must know how much your claim is worth before you engage in settlement negotiations. You will lose all bargaining power if you attempt to negotiate an agreement before you are prepared to do so. The claims adjuster handling the claim will be thoroughly prepared to counter your position. Claims adjusters have claims books that assign a dollar value to an injury. You need to convince the claims adjuster that the individual facts of your case justify ignoring the book and settling your claim for a fair and reasonable amount.
Here are a few tactics you can try. Remember that every case is different and will depend on the specifics facts and circumstances of each claim.
- Make sure you have all documents related to the accident and crash reports filed with the law enforcement agency that responded to your accident. These reports are the official record of the collision. The reports should contain witness statements which can help you argue that you are not responsible for causing the collision.
- Take many photographs. You can never have too many. Take photos of your vehicle, the vehicle that collided with you, the accident scene, and your injuries so that you can preserve what happened.
- Be certain to have your final medical bills and know the exact amount of bills you accumulated from the crash.
- Know the repair cost of your vehicle and extent of the damage the crash caused to your vehicle.
- Tabulate all of your lost economic opportunities because of your accident. The person responsible for your accident is responsible for damages that flow from the crash including lost wages and other economic opportunities in which you lost out because of your accident.
- Have a number in mind. If you have the evidence prove to the claims adjuster that you are right and are confident in your position, then you have the upper hand. Remember that taking cases to trial is costly for Liberty Mutual Insurance and you. However, if you are confident in your position, then you can dig in and hold out for a better settlement offer.
Turn To The Zinda Law Group For Help
Negotiating with claims adjusters is very difficult. The best option for you might be to have experienced personal injury attorneys negotiate on your behalf. Our Colorado Springs personal injury attorneys have successfully negotiated settlements with Liberty Mutual Insurance Company and will work diligently to reach a fair and just resolution of your claim. Contact us at 719-285-6994 today to schedule a free consultation and learn how we can help you with your claim against Liberty Mutual Insurance.