Insurance Settlement Negotiation Tips

Summary

When negotiating with an insurance company for a hit-and-run settlement, its important to clearly outline your damages, including medical expenses, property damage, lost wages, and pain and suffering. Use a structured letter to communicate your concerns and attach supporting documentation. Request a reconsideration of the settlement offer to ensure it accurately reflects your losses. Consider discussing the matter further to reach a fair resolution.

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I need a letter to send to insurance company who’s trying to lowball a settlement from a hit-and-run traffic
Hi Adam! To help you draft a letter to the insurance company, here's a template you can use:
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[Your Name]
[Your Address]
[City, State ZIP Code]
[Email Address]
[Phone Number]
[Date]
[Insurance Company Name]
[Claims Department Address]
[City, State ZIP Code]
Subject: Claim Number [Your Claim Number] – Settlement Offer
Dear [Insurance Adjuster’s Name],
I am writing in response to the settlement offer for my claim regarding the hit-and-run accident on [Date of Accident]. I appreciate your efforts to resolve this matter; however, I must express my concerns regarding the adequacy of the proposed settlement amount.
The current offer does not fully compensate for the damages and losses I have incurred, including but not limited to:
- Medical expenses: $[Total Medical Expenses]
- Property damage: $[Total Property Damage]
- Lost wages: $[Total Lost Wages]
- Pain and suffering: $[Amount for Pain and Suffering]
I have attached the relevant documentation supporting these amounts, including medical bills, repair estimates, and evidence of lost wages.
In light of this, I request that you reconsider the settlement offer and provide a fairand reasonable amount that accurately reflects the extent of my damages and losses. I am willing to discuss this matter further to reach an equitable resolution.
Thank you for your attention to this matter. I look forward to your prompt response.
Sincerely,
[Your Name]
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Feel free to customize the letter according to your specific details. Would you like more information on what to include in your attachments?