Craft your demand letter
Once you have an idea of what the insurance company is willing to pay, it’s time to craft your demand letter. This is your chance to explain why the insurance company’s settlement is too low and why you need more money. Take care to explain the extent of your injuries and losses in as much detail as you can, using actual numbers if possible.
Point out why the other driver is responsible for those additional expenses and why their insurance company needs to pay you what you’re owed. Though it’s rare that the demand letter will be enough to increase your settlement amount to the level that you want, it’s the starting point. It signals to the other insurance company that you’re willing and ready to fight for what you deserve.
Once they receive your letter, they’ll submit a counter-offer. At this point, you’re free to either accept the counter-offer or continue to negotiate. If you accept the settlement, you’re done and you can focus on getting your life back to normal. However, if you continue to negotiate, you’ll likely end up needing to take the case to court if you want to get the most money possible.
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