Insurance adjusters are well trained in knowing how to give low-ball settlement offers after a demand package has been presented to the insurance company. Typically, the initial settlement offer is merely based on the adjuster’s ceiling or the pre-determined amount they are authorized to offer to settle the claim.
This amount is always artificial and can be negotiated. The difference between the adjusters’ authority and the amount they persuade you to settle for is the insurance company’s profit margin.
Adjusters are notorious for giving a minimal settlement offer right out of the gate by questioning things like liability issues and stating that the injuries weren’t serious enough to claim the amount of medical treatment received.
Usually, low-ball offers are due to the insurance adjuster having an unclear picture of how your client’s injury truly affects their daily life.
In order to get a fair settlement offer, the insurance adjuster needs adequate documentation to justify your counter to their settlement offer. Oftentimes, you need to take your negotiations to a whole new level in order to get the settlement your client deserves.
This is done by supplementing your current demand package with objective reports prepared by experts. Painting a clear picture of how your client’s impairments and disabilities impact their ability to perform work-related tasks, activities of daily living, and leisure activities as well as future medical/rehabilitative care and associated costs help to solidify how the collision has affected their daily life and will continue to do so in the future.
Expert reports such as functional capacity evaluations, vocational rehabilitation and earning capacity reports, medical cost projections, and life care plans are often needed to help showcase the damages when negotiating with the insurance adjuster so you can get a fair settlement for your client.
Our job at IRC is to educate your firm about the reports needed to best represent your client’s injury and how the injury has affected their lives. Our simple and easy to read reports provide a new level of understanding between both the attorney and insurance company to help get the claim settled in mediation. You can put your trust in Injury Reporting Consultants to help streamline your case and make your job easier.