If you are wondering how to counter a low personal injury settlement offer, get legal help. Work with a Massachusetts personal injury lawyer who has a wealth of relevant experience. From here, your attorney can discuss your legal options with you and help you negotiate a fair settlement.
DiBella Law Firm has recovered millions of dollars for clients in personal injury cases. Let us help you with your injury case so you can get the compensation you want. Contact us today to request a free case evaluation.
Why You Should Counter a Low Personal Injury Settlement Offer
Just because you receive a settlement proposal does not mean this offer is the best one you will get. Generally, an at-fault party or their insurer will offer a lowball initial proposal. They will do so in the hopes you will accept the settlement, which means they will not have to pay the full amount of your claim.
To understand why you counter a low personal injury settlement offer, consider an example. You get into an auto accident, which leaves you with damage to your car and medical bills. Yet, you accept the first proposal you get from a liable party and leave money on the table.
In this scenario, you wind up having to pay some or most of your accident-related losses out of your own pocket. Alternatively, if you work with a Massachusetts car accident lawyer from DiBella Law Firm, you can receive the legal help you need to secure a settlement that lines up with your expectations. To learn more, reach out to us.
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What Will Happen When You Counter a Settlement Offer
If you hire a lawyer, they will explain the steps involved in responding to a settlement offer. You do not have to accept an initial proposal, and it helps to review the offer with your attorney. This gives you the opportunity to hear what your lawyer has to say about the offer before you make your final decision.
In a situation where you are not 100% satisfied with an offer, notify your attorney, and they can counter. Your lawyer will account for your economic and non-economic damages. They may encourage you to request compensation for your medical bills, pain and suffering, and other quantifiable and subjective losses.
Your lawyer wants you to get the best case results. If you decide to counter a proposal, your attorney submits your request and waits to hear back from the other party. On the other hand, if you counter a personal injury settlement offer that is low and do not get another proposal you like, you can bring your case to trial.
How to Determine if a Settlement Offer Is Fair
If you are unsure about whether a settlement proposal is fair, consult with a personal injury attorney. Next, your lawyer can review your proposal and explain what it entails. They will also answer any questions you have about the offer.
Your lawyer can calculate your losses to help you determine if a settlement proposal is fair. For instance, you get hurt in a car accident, and you face a lengthy recovery process. You may have to deal with medical treatments for years to come, and your attorney will account for these as they determine how much your case is worth.
When it comes to how to counter a lowball settlement or negotiate a higher car accident settlement, your attorney has you covered. They represent your best interests in settlement negotiations. If you get a proposal that gives you enough money to cover all of your losses, your attorney may encourage you to accept it, and you have the final say on what to do with it.
We've offered crucial support and guidance to individuals who have suffered injuries, ensuring their financial and emotional well-being.
How Much Time You Have to Respond to a Personal Injury Settlement Proposal
Per Massachusetts General Laws Chapter 260 §2A, you have a maximum of three years from the date you suffer an injury to ask for damages from an at-fault party. With a settlement proposal, there is no time frame for getting or responding to one. If you get an offer, you should take as much time as you need to review and decide on it.
If you are weighing a counteroffer, keep in mind that the at-fault party or insurance company can pull their proposal. Thus, if you wait too long to make a decision, you risk having your offer rescinded. Conversely, taking your time to decide may prompt a liable party or their insurer to make another offer that is more in line with what you want.
No matter how much time it takes to decide on a proposal, you should evaluate any offer you get with your lawyer. Remember, your attorney works for you, and they protect your legal rights. If your lawyer has concerns about an offer, they will share them with you, and you can decide what to do at this point.
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What a Counteroffer Includes
Your counteroffer should include a formal rejection of a prior proposal. It provides the other party with information about the settlement amount you are requesting. You also have the opportunity to respond to any reasons that this party previously gave for their original proposal.
There are times when you may want to include information that is relevant to your offer. As an example, a driver crashes their car into yours, and you submit a request for compensation through their insurance company. However, the at-fault party does not have adequate insurance coverage for all of your losses.
In this scenario, you may want to explain to the at-fault driver that your proposal accounts for the fact that they do not have sufficient auto insurance coverage. By accepting your proposal, the party will make sure you receive compensation to cover all of your losses. By including this explanation, you may boost your chances of getting your proposal approved.
Get Help with Submitting a Counter to a Low Personal Injury Settlement Offer
At DiBella Law Firm, every case is personal to us. Our legal team can help you negotiate a settlement proposal and get damages relating to your personal injury. Contact us today to schedule a free case consultation.
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