Settling motor vehicle accident claims can be a confusing and difficult process for many victims. Most victims are unfamiliar with the settlement process in many aspects, for this and for many reasons, always consult with a lawyer before engaging in any claims negotiations.
Here are some general but helpful tips on settling Car Accident Claims.
Determine the percentage of fault assigned to all drivers involved in the car accident case.
Often based on police reports and parties’ testimonies, percentage of fault is a figure beforehand between insurance companies. This figure is not necessarily definitive, depending on the case.
Unless under the advice of legal counsel, do not accept an initial settlement offer.
An initial settlement offer often occurs even before the victim can calculate the value of his or her claim. Remember, future legal actions to recovery compensations are void once the initial settlement offer has been accepted. So it’s essential that you know specifically your legal rights regarding damage and how to document all damages involved.
Without legal counsel, do not make statements or accept offers from insurance claims adjustors.
One wrong step during the claims process can diminish your ability to recover a favorable claims settlement amount. It’s always for the best interest of the victim to consult legal counsel at all times.
All the above may seem like a very generic set of tips but a lot of people overlook the simplest things when going through such settlements like vehicular accident compensation claims. This is inevitable since being involved in any kind of accident is physically straining (not to mention the injuries), emotionally draining and mentally challenging (you have to keep your focus and keep your emotions at bay when dealing with insurance and all the legalities in between). It’s best to have someone like a close friend, a loved one or a family relative be there to assist you throughout the whole ordeal. ~Motorsports International
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http://www.drnyman.com/autoaccident.htm
Reference:
http://www.all-about-car-accidents.com/resources/auto-accident/car-accident-claims/tips-settling-motor-vehicle-accident-claims
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