Insurance settlement offer reddit. Was a BMW 116d, would cost 11.

Insurance settlement offer reddit. Car is in excellent shape (just put on new tires). Bought it just before the pandemic for 10k before the used car Mar 17, 2025 · Negotiating a personal injury settlement can be challenging, especially when dealing with insurance companies that aim to minimize payouts. The car has 134k miles, never had any issues other than burning oil. You can use your benefits if you like, but your auto coverage should be primary and you likely will be required to reimburse your health insurance for payments made by them to your doctor, if/when you get any settlement. USAA split that into 2 different claims: one for the original accident and one for the tree. One of the most important things to understand is that the first settlement offer from an insurance company is rarely the best offer you can receive. Avoid these costly mistakes when negotiating with the auto insurance company. ($200 for the out of pocket that I paid for insurance, and $500 for the pain and suffering Most total loss settlements take into account typical negotiation because the settlement is based on prices of vehicles that are sold, not their list price. I didn't sign it yet because I wanted to come on here and ask if I should take this offer or not? Here is the break down. Knowing the right strategies is crucial whether you’re handling the claim yourself or considering legal assistance. I was involved in an accident a few weeks ago. It behooves the insurance company to get ahead of making a settlement because we don't want the claimant to overtreat. I asked for their report, and it lacks information regarding the car's history, such as whether it had a previous accident or the number of previous owners. I was thinking to get some separate quotes from a plumber, cabinet maker. Your lack of transportation is separate and should have been handled under the Many of us have done lots of theoretical research around the best health insurance, but that fact remains the only thing that matters is the actual experience and not the premium saved or the ambulance cover. I accepted the offer and mailed off the title. It doesn't sound like that is enough, and you need to file a claim on your own policy for potential un/underinsured benefits. (No dispute. 0L I4 Region: southwestern Miles He did offer us some pointers about dealing with the insurance adjustor. How long do I have to accept this offer? Can they lie about their maximum policy limit? Thank you! Archived post. The doctor and As the title says, ended up in a car accident over the weekend. Idk if you would need a salvage title though. They'd also refuse to accept any of the comparables Does a Geico claims adjuster have to send me a settlement offer in writing? I had a car accident last week, and it was the other person’s fault. Apr 22, 2024 · Contact your insurance claims adjuster to discuss the settlement offer and negotiate for a higher payout. Today, I received a settlement offer of $5171. Verify if your state should also compensate for sales tax or not. Driver at the rear has admitted fault, so it’s all going on his insurance. They want him to take $4k and call it a total loss, OR take $3k if he wants to keep and fix it. The accident totalled both their older sedan and my new (literally less than a month old) van. I got a settlement offer from the insurance company for $7500 ($6000 for the chiropractor bill + $1500 for “pain and suffering”). My own insurance isn't covering the rental because even though I thought I did, apparently I didn't check off the box for a rental insurance. Insurance refusing to negotiate settlement offer My 2010 Honda Civic EX with 88k miles got severe hail damage, totaling the car. Wanted to see if those here who likely have a better feel for bike values think it’s a good settlement or if I should argue it. Considering that injury attorneys charge somewhere between 30-40 percents of the settlement Location: Delaware, US Settlement Offer: Car was totaled, and Insurance offered $10,300. If you're wondering how to negotiate an insurance settlement for your car, it's important to know what information the insurance company needs and how to increase the chances of a successful outcome. They assumed 100% fault. Strong evidence proving fault, such as eyewitness statements, video footage, or police reports, can increase your leverage in negotiations. Insurance company makes a decision not to pay enough to a person who has a claim against their insured to get a settlement and puts their insured at risk of a lawsuit from that person whereby insured may owe more money than insurance policy will pay so they are personally liable even though insurance company could and should have paid more to Total bill $6000. Depending on where you live will depend on how quickly it will be put on the Judge's calendar. If $15k is the first offer, I would make a counter offer that is still reasonable but would give you some compensation for your P/S. I'm here to ask for your advice about a situation I am in involving a car accident settlement. Can an insurance company rescind their settlement offer after offer/accepted/release form signed/notarized? Long story short- I was in a car accident two years ago where Geico's client slammed into me coming off a highway while I was stopped. So I was in an accident where State Farm's driver rear ended me. As well as offering me $1500 for pain and suffering, as well as lost wages (that’s around $500). It was a purely "for your pain and suffering inconvenience" offer. By doing this, you can lay out a well-developed argument to support your claim and request the specifics for the insurer’s initial offer. After the insurer offers you a low settlement, respond in writing. if your insurance totals your car, can you reject their offer all together and fix the car on your own? or should I cancel my claim? First off the paperwork will be drawn up and signed off by all the parties. While it may be tempting to accept this initial offer and resolve the claim Did your own medical insurance pay for anything? If so, make sure the auto carrier agrees to pay back the medical insurance company . How do you negotiate a claim? Settlement Offer: Just over $26,000 Desired settlement offer: $30,000 In the first CCC valuation report we recieved 4 comps were provided (3 in detail). The Business Reality Behind Low Initial Offers Dealing with insurance claims can be stressful and overwhelming after an accident, property damage, or personal injury. And you may end up with a salvage title. So far, the insurance company has been extremely cooperative and responsive, and I've been able to handle communications myself. Car: 2013 Toyota Camry Hybrid LE Trim, 128k miles. The insurance company has offered me a settlement for my injuries. Be prepared for the balance of the loan to be due in full immediately, as their collateral is gone. Paying the policy limits is about all an insurance company can do. 00 Taxes: $766. See how to maximize your car accident settlement. Very small amounts and usually don’t require much as far as proof of damages (ie medical bills). It’s part of the job - building rapport to make interactions easier in the future. You don't ever have to accept an offer from your insurance provider. how much is really fair?? Total loss/Wrong mileage on settlement offer : r/Insurance r/Insurance Current search is within r/Insurance Remove r/Insurance filter and expand search to all of Reddit In California, if the plaintiff makes an settlement offer at policy limits for an auto accident, and your insurance company doesn't pay it, and then the plaintiff goes to court and gets a judgment far above policy limits, does the insurance company have to pay the excess amount? The insurance adjusters on Reddit are claiming they are being fair and sticking to a "range" while most lawyers that write articles say they will give very low amounts. We hired a public adjuster to handle the claim with our homeowners' insurance (Allstate), and the insurance company ultimately offered us $1500 to cover the damages -- less than our deductible. For auto accidents involving injuries, often times the insurance companies give what can be considered as a lowball offer. I was in an accident in VA a few months ago where the other party was 100% at fault and T- boned my car hard enough that it was eventually totaled. I recommend asking them what their opinion is on the offer. bit lost. The catalytic converter was stolen which alone costs $4,000. My injuries were soft tissue according to the ER. half of the 2nd page was blank 2. My health insurance was going to pay out 70% so I told them I would handle it myself. 32 Fees: $65. Ask the adjuster. I get an email a week later asking for my signature on this document and I'm not sure if they're saying they'll pay out an additional $3k as a settlement for not suing for injury later or if they're rounding up on the cash settlement $30k personal injury settlement but I have $37k in medical bills. They admitted fault, so that’s not at question. You never know what can happen in small claims - the insurance representative does this for a living, and probably knows the judge as a repeat player. Insurance settlement offer doesn't cover majority of medical bills, what are my options? Apologies in advance if this is long/boring, I didn't know which details are important and which are not. Lowball settlement offer from the insurance company? Learn your options and why hiring a lawyer could help. I have been battling with them for two years regarding the settlement. I can’t imagine what your situation is like. I was really hoping it would be found, but no dice. I told the claims representative this, and that I felt her number was just way too low. This can take anywhere from 2-6 weeks, depending on the insurance company. Given my ongoing pain and significant loss of income, this feels way too low. I ended up with a ton of bruising, and the largest bruise ended up blistering and popping and being a complete mess. If your medical bills alone are close to $10,000 then they should pay their limit willingly. Can someone please help me to break it down for me please ? Unfortunately I m not able to attach a screenshot but here are the following details. Say the insurance offers you 25k and you refuse and hire a lawyer and they get 40k out of them after taking their cut (30-40%) you're not coming out much better other than waiting months longer, and dealing with a ambulance I successfully challenged this offer and negotiated a fair and reasonable settlement (which was$1800 more than the original) with an emailed counter settlement offer and follow up phone call. You may be able to get additional coverage under your own policy. Can insurance company withdraw their offer if I propose insignificant change settlement document? After I sent signed and notarized settlement document, I realized there were errors - 1. only my sign and notarization - no sign or initials from insurance company at all 3. Of these only half were the correct trim and all were with significantly higher mileage (missing by about 10-15k miles, considerable given the age of the car). We didn’t get an attorney since I didn’t want to shell out 1/3rd of the settlement. And you'll have to figure out how to fix the car with a lot less than the repair cost estimate. I was in an accident where my truck was totalled. Insurance Offer: (Progressive) The policy limit for the first accident was $250k, but they offer $44k which was started from 30K. They offered me $105,000 and $65,000 for a medical set aside. Updates: I ended up following the advice one user posted, and moved the claim from Statefarm (at-fault's insurance) to Geico (my insurance). At the end of the day, our jobs are the The insurance company is wanting to pay all of my medical bills, every single one. If you use your own health insurance for the accident you are required by law to pay them back with the settlement money. . The first said $5k then $10k was the maximum they were authorized for. I have no health insurance, and feel that if there were a relapse and I had to go back to the same chiropractor for even the same amount of time, then I could easily be looking at another $3000. You could counter at maybe $9k and settle for $7kish. How should I prepare for the offer? Apr 10, 2024 · Here are some key questions to consider on personal injury settlements, such as the damages you can collect and how personal injury lawyers get paid. Someone hit me and then I went off the road and hit a tree. Is this fair? Almost everyone has cysts in their body; they aren’t going to add any significant value to your case either way. A written response trueSo, almost a year ago I was involved in an accident in which another driver ran a red light. That the insurance started low but finally agreed to settle at $97,500. It would be completely appropriate to submit the $1800 to $2200 repair estimates from the 3 or 4 other repair shops to the insurance company and have them use that for the settlement, but then take it to your friend who was willing to give you a deal. Look at listings online to get a feel for market prices. I got a letter for $1000 pain and suffering settlement and up to $10,000 medical bills covered for a recent highway accident. Health insurance companies have there own discounted rates that can or cannot be better than doing it yourself. 3 years ago we sustained damage to our house from a rain and wind storm. As an adjuster, I deal with attorneys directly all the time when trying to negotiate a settlement. Settlement - $97,500 Attorney Fee (33 1/3%) - $32,500 Medical Bills Chiropractic My car is totaled but the insurance payout isn't enough to cover a purchase of a comparable car It’s pretty normal for long time insurance adjusters to get “close” to plaintiff counsel. Dec 6, 2024 · Learn how to challenge low total loss insurance offers and ensure a fair payout. This guide offers car accident settlement examples and more. I’m starting to feel a bit better. The adjuster looked at my car then called me the next day and said it’s a total loss. Jan 9, 2025 · The other parties insurance company has sent me an offer for a settlement for $2000 for loss of income and pain and suffering in addition they will pay all the medical bills. It sounds like you’re already towards the tail end of the settlement process. The first offer is usually the lowest offer that the company will make, and it is up to the claimant to decide whether to accept the offer or to try to negotiate a higher amount. 1. trueTell the insurance company that you can't sign a release form yet because your still undergoing medical treatment from the accident and didn't realize you would be relinquishing your rights to a further claim at the time of accepting an offer. I haven't got a Expecting an insurance settlement offer soon based on auto accident with injury. Long story short I ended up with a Accepting a settlement for a hit and run collision. I just got an offer from the Insurance to settle my claim in full which includes 100% payment of my Chiropractic sessions, $650 in Vehicle Repairs, $500 in lost wages, $2,600 for my medical bills and $4,000 for P&S. After reading a bunch of posts here, and watching tons of youtube videos on how to negotiate with the claims adjustor, I have only managed to get the adjuster to give me a couple of hundred dollars extra. Jan 6, 2025 · Learn how an insurance adjuster determines the value of your injury claim and their initial settlement offer, and how to respond to the first offer. The insurance company ends up paying multiples of what they offered initially. Insurance company offering me a lower amount than I need to replace my written off car. Once the paperwork is submitted to WCB it can take 1-3 months to get a I've just had an insurance settlement offer of £7000. 11 votes, 48 comments. Explore expert advice on deciding if you should accept an insurance settlement. The insurance company declared my car a total loss. Probably better suited for r/legaladvice This sub is predominantly insurance folks though some personal injury attorneys pop up here and there. I’m thinking I should get more than $1500 since I’ll be responsible if I have any future flare up of back pain. I am curious what information and/or values are used by a claims adjuster to determine the value of a pain and suffering settlement offer. Or do they give me a lower settlement figure and i still have to pay for the car? Sedgewick Claims Estimate Settlement? : r/Insurance r/Insurance Current search is within r/Insurance Remove r/Insurance filter and expand search to all of Reddit Just to be clear, the offer is for meds PLUS $5000? If so, that sounds like a reasonable offer. This was about 2 months ago and my attorney has been negotiating up the settlement since then. The insurance company recently made their first offer, approximately $25,000. Geico has offered me a settlement for $7,100. The insurance company's valuation report had $0 impacts to condition of About 10 days later I received a lowball offer on my vehicle from my insurance company since my insurance company was on the hook. What are some good things to put in my deman letter? Dec 18, 2024 · Learn how you can position yourself to get the best settlement offer possible from an insurance company after an injury or accident. If your attorney can get you We would like to show you a description here but the site won’t allow us. The person that evaluated the car just contacted me an said the final offer would be submitted to me today or tomorrow. Make sure she is 100% good and is done treating with whatever doctors/ chiros/ acupuncturists, etc. He sent me the break down of everything and for me to sign it. Tell the insurance they can settle for $25,000 or that you’ll get a lawyer. No where in the release does it mention that the settlement is for the bodily injury portion of the claim. The doctor recommended 4 weeks total. YSK If your car is totaled, tell your insurance company to find 3 similar vehicles in the market for the amount of $ they're offering. The offer includes $1,000 (pain and suffering) plus reimbursement for the medical expenses I've already incurred. Vehicle : Hyundai Elantra 2018 sedan 4D 2. You do NOT have to accept their first offer or agree to repair a car which often times SHOULD NOT be repaired. My question is: Is this offer negotiable or is it a set amount? I happen to have the same insurance company as the at fault driver so I looked at my policy to see what it said about settlements in the event of a death. Was my offer low or was hers high? This includes the amount paid by the health insurance company plus the claimant's post-insurance bills. They offer “early settlements” as kind of a “take the money and go away” deal. I’m still receiving medical treatment for my injury and my lawyer said the insurance company offered me a settlement if I don’t go to court next week. The very next day, I get a 2nd offer Apr 29, 2025 · If you get into a crash, it's helpful to know typical car accident settlement amounts. Low balling settlement : r/Insurance r/Insurance Current search is within r/Insurance Remove r/Insurance filter and expand search to all of Reddit Stolen Bike - Insurance Offer, Good or Low? So short backstory: my bike was stolen couple weeks back and I got the insurance settlement offer this week. Actual Cash Value: $8,398. Check the dates on the comps - the used market is very tight due to low inventory (of both new and used vehicles) and its not a joke to say prices are Their insurance made an initial offer of 24k, 2k for pain and suffering and the 22k to cover all other expenses. On the advice of the public adjuster My insurance company is coming after me for subrogation after learning I received a car accident injury settlement. I would recommend reporting the claim to your own insurance for underinsured coverage and let them know you were offered the policy limits of the at-fault party. Keep in mind that an attorney would take 30% of what you The two insurance companies need to figure it out and your insurance company should be the one running point on this. Damage to front and back, the car is written off. Your attorney can’t accept an offer without your consent. If your health insurance or any medical providers put a lien on your medical bills the insurer is forced to address that first. The car received a new engine this year and the engine has 5k miles. Explore key steps, negotiation tips, and the value of independent appraisals. It just states that it is a final release for all claims. I was wondering if in Connecticut, the Anthem insurance will eventually take the hospital expenses they covered from the settlement offer because of subrogation. Any of the Honda Civics I can find in my area are roughly $8,600 from the dealer. From gathering strong Insurance companies are more likely to offer a higher settlement if you can demonstrate clear liability on the part of the defendant. I believe this is a low offer, as KBB ranges the cars value from $7,400-$9,000 in my area. How do I go about negotiating with them? I'm in nb, Canada. No surgery, does not sound like there was over night hospital stay, and it sounds like minimal scaring on an extremity (facial scaring is a whole different ballpark). Just wondering… Sep 4, 2022 · An insurance settlement offer is the amount of money that an insurance company is willing to pay to settle a claim. I'd like to know if you think I should accept the offer or consult a lawyer. I'm kinda confused but understand they want to offer me the least they can. The £2,800 may represent the pre-accident value minus your excess and minus the outstanding premium, rather than a full valuation of the car. Any thoughts on how to negotiate a larger settlement. Insurance companies are obligated to settle claims in good faith. They offered me a settlement today. I would do this, as well as request a Dec page from the at fault insurance Advice on submitting a counteroffer on a lowball settlement offer without a lawyer. Sorry for your loss. Unless the insurance company is playing games refusing fair settlement you can probably do just as well if you are smart. Make sure options/trim/mileage of your vehicles are correct. this is my first ever insurance claim. My 2013 Kia optima has been deemed a total loss as of today. Would love to hear good and bad stories of health insurance claim settlement. They will have plenty of experience in that specific venue and have an idea of whether it’s worth accepting that offer or proceeding to trial to hope for a larger verdict. The list price is just a starting point. I asked how much my car was valued to be, and how much the The offer must be documented in the insurer’s claim file. After a year later my adjuster came back with a settlement offer of 4. You then reduce bills pay off Liens everyone walks away with some money. What are my options? Hi Reddit. We're waiting on a settlement offer from the other insurance. 00 Previous Payment: $5769. , then negotiate your settlement. The first offer will almost always the bottom of that range, as the adjuster's job is to make you whole at the lowest possible cost to the company. My sister was in a similar situation and got $2000. They found me not liable and I did a cash settlement (didn't care about the damage) for $2900. Hi everyone, I recently met with an accident and I was given a settlement offer, I don't understand the information shared. After two weeks of them calling her and getting ignored they admitted it was her fault and offered me a payout of 5000 for suffering and 10k for medical bills that can be paid out to any physician. There are a few things to keep in mind when considering an insurance settlement offer, such as the Send demand insurance low balls you, you supplement negotiate, get offer that makes client happy say sure they sign some papers insurance send you check. 5k, Breakdown was 2500 for medical 1500 for Pain and suffering and 500 for work wages lost . Yes your lawyer will keep 30-35% but based on what you said you’ll get a lot more than just $2,500. I feel very uncertain if I am being irrational or if I'm being taken advantage of. Insurance companies owe ACV and if some people could just argue to get more that wouldn’t be fair to everyone else who didn’t and the insurance company would be sued for bad faith claims practices, and then they would loose. After a lowball offer of $6K for bodily injury, we are around $15K for a settlement offer from the at-fault insurance, which includes about $2,300 out of pocket expenses and just under $1,000 of lost wages. So, my issue is this: I was called up by the adjuster on the injury claim (the auto claim was separated from the injury, with a separate adjuster, and was settled in February) and she explained some information to me regarding a settlement from insurance. 3 involved, 2 of us emergency stopped and the 3rd didn’t get the memo. Does she have any pre-existing conditions? Settlement offer not making sense to me? Hi everyone. Went to a chiropractor for about 6-7 weeks and got $65k from the insurance. Long story short, went to the ER to make sure everything was OK (previously had a spine surgery a year ago) Now dealing with the third party bodily claims injury adjuster, he has sent me an offer of $700. They issued me a settlement offer. My insurance company has offered me a settlement, but it's significantly lower than what I'd need to replace my car in the current used car market. New comments cannot be posted and votes cannot be cast. About 12k miles on it. My question is- Can i still included medicle bills in my demand, even though my insurance is taking care of them? What is a good dollar amount to ask for? I was thinking of starting high like $10k or $15k. Fast forward to today, and the other party's insurance is paying all medical costs, and on Monday, June 3rd, they offered me an additional $4000 for pain and suffering. Legal communities are small, the amount of adjusters handling claims for certain companies in certain venues is even smaller. Bike was 2015 Yamaha R6 (blue/silver/white). Understanding the do’s and don’ts of the process can help you maximize compensation and avoid costly mistakes. If it's totaled, the insurance company will pay out the lienholder, and you will be responsible for the difference if you didn't have GAP. Learn how to do it and what factors to consider. The settlement will be reduced by the salvage price that the insurance company could have gotten. Your attorney has a legal obligation to advise you of any offers made by the insurance company. 63 Settlement total: $2459. Your MRI is not indicative of a significant injury (it’s unlikely going to require surgery) and would require conservative treatment and possibly injections. Your health insurance is going to subrogate out any claim in which there should be a different primary payer. I cannot ethically advise you what to do, but do suggest you not sign anything until at least 6 months after the accident just to make sure that that soreness the doctor predicted isn't something serious. About $15K in medical bills which was covered by my own auto insurance. Meanwhile, the public adjuster advised that we seek $40K for a roof and siding replacement. We would like to show you a description here but the site won’t allow us. I'd ask Progressive for their policy limits which is likely $15,000. My neighbor was hit from behind by a slow moving vehicle and lawyered up. My car was totaled. I prefer at least the initial offer/counter offer over the phone. The insurance company cannot pay more than the policy limits to settle your claim. I have comprehensive insurance w Allstate. If relevant, I'm in the state of Oregon but my accident happened in Washington while driving home for the Thanksgiving holiday Hi if i want to buy car back from insurance after written off do they take away the sale price of car and give me a lower settlement figure and the car. You have an attorney which (based on the offer) you are paying upwards of $20k-$30k. Estimates from the insurance company’s own recommended shops are $4100 and $6100 (second shop estimate includes OEM She did the research you did, sent all of her findings (about 12 cars in total within a 1000 mile radius, some currently for sale and some recently sold) to the adjuster on her claim, and they increased their settlement offer by about $500. I was initially offered $1750, which I declined since I was still getting treatment. Been dealing with the other parties insurance through bodily injury and everyone I speak with tells me to "not take the first offer". They haven’t included the bedroom carpet or wardrobe cabinetry on their scope of works and no mention of replacing skirting boards, plaster and tiles. An attorney is going to take 1/3 or more of any settlement, regardless if you still have medical bills to pay. Ask for the comp report when they give the settlement offer. 69 Why is the math not mathing for me? I was offered $500 compensation for pain and suffering for my car being totaled. What are my options? You may have the option of keeping the car. As next of kin, we have been contacted by the at fault driver’s insurance and offered a settlement. At a minimum, someone (more likely your insurance company by giving you legal help) should be helping you out by giving you some good faith payout to get you through what you’re going through now until a final settlement is Jan 30, 2015 · If the insurance company offers you a settlement on your total-loss claim, the following six (6) items are things your insurance company definitely does not want you to know about when you’re negotiating the value of your vehicle. An adjuster looked at the car and they sent me an offer. Other party took full responsibility for the accident. No fault accident, someone ran into the car when stopped at a traffic light. My wife handled her settlement on her own ( they offered her $750 initially, then $1000, she countered with $2000 which they accepted. ) The Total-Loss-Settlement Amount Your Insurance Company Offers Include Mandatory Taxes And Fees. My lawyer gets 15% after so I’d be left with 89,250. May 14, 2024 · Insurance companies may use delay tactics or offer incremental increases to test your resolve. I was found not at fault for the first claim and at fault for the second claim. For purposes of this subsection, a comparable motor vehicle is one that is made by the same manufacturer, of the same or newer model year, and of similar body type and that has similar options and mileage as the insured vehicle. Saves them potentially hundreds of thousands in a lawsuit if you decide to get a lawyer. By that time, Statefarm had begun straight up lying - claiming their mislabelled automatics were actually manuals in their reports, even with the dealer websites and lexus's VIN check claimed otherwise. In fact, it might be in your best interest to get repair estimates from various shops, and consult something like Kelley Blue Book to figure out the actual value of your car. Got rear ended while fully stopped on the highway. The insurance company only wants to give us 4K to settle for the inconvenience since they say that’s what is reasonable but I feel we could get more. My insurance did some sleuthing and found that her license plate was registered and that she had state farm insurance. Present any additional evidence or documentation you have gathered to support your claim for a higher settlement amount. My son’s car was sideswiped. The insurance offer is around $11,000, but I can't find the same make/model/year for less than $14,000 anywhere. Here is my advice and what was successful for me. It'll be 2wks coming up so $1,000 out of my pocket. If it is simply a matter of insufficient evidence, then perhaps all you will need to do is provide the appropriate documentation from your doctor and the car repair shop. The claimant feels this is a lowball offer, and I agree. What should I do with it? Here's my situation: Not sure if settlement offer is fair. Was a BMW 116d, would cost 11. I have young kids 1 & 3 The cash settlement offer seems low. Was in a car accident last year which put me off work and totaled my vehicle. First off: be demanding, stand your ground, but STAY RESPECTFUL. Learn when to accept an insurance settlement offer. The person filed the claim ends up getting pissed off, hires a lawyer and takes the case to the court. ) I filed a claim on their policy. Your settlement offer will be made up of the pre-accident value minus your excess and any outstanding premium you have left on the policy. They give you a tiny offer, if you accept it becomes the settlement agreement. The insurance company probably isn't going to take you to court over $2,000, but they very well might waste your time with a small claims proceeding. Stay focused on your goal and be prepared to counter low offers with facts that justify a higher settlement. As for the shoulder, your attorney looking for a $30k settlement is probably reasonable. You'll often need to reject and counter a settlement offer in personal injury cases. Injury settlements take longer to reach for this reason. Remember, negotiation is a back-and-forth process, and being well-prepared can lead to a more favorable outcome. How do I negotiate a stolen car settlement? My car was stolen on Christmas, a 2014 Volkswagen Passat Wolfsburg w/80k miiles. When i said $10k was ridiculous they asked me to name a number. You can’t negotiate a settlement the way you are thinking. If they pay that and it's not enough to cover your bills, then you can open an Underinsured Motorist Bodily Injury claim with geico and they may potentially pay you some more. : r/YouShouldKnow     Gaming Sports Business Crypto Television Celebrity Go to YouShouldKnow r/YouShouldKnow r/YouShouldKnow MembersOnline Their insurance called me with a settlement offer (not including medical expenses or the property value of my car). Insurance company admits it was 100% their insured’s fault. I'm curious to know what r/insurance thinks and also what you all think is a fair settlement for this claim. If she goes to a psychologist and they identify she has anxiety could that bolster our case? I was contacted by the other parties insurance company shortly after the accident and handled my medical bills with them. It sounds like they’re offering their policy limits of 25k, which is all they can offer. Thereafter the paperwork will be sent to the Workers Compensation Board. 5k for me to get a like for like. After my car has been declared a total loss insurance company gave me these numbers for the settlement but they just aren’t making sense to me. He has an older car, worth about $7k. qffkrr don fqxugs fesj rslsff vrtt rcagf vurl jwbn mgih