How to Handle the Final Stages of Negotiation in a Settlement

Negotiating a personal injury settlement can be a lengthy process. After an injury, you probably filed a claim with the insurance company, only to receive an offer you felt was too low. You responded with a counteroffer, and thus began negotiating with the insurance claims adjuster.

At some point, the claims adjuster will make a final settlement offer. You then have to decide whether the offer is acceptable. If it is, there are two things you need to do before you can receive your check. You’ll need to:

• Send the insurance company a letter confirming the settlement amount
• Sign and return the release form given to you by the insurance company

You should carefully read the release form before signing it, and be certain you understand the agreement. This is a legal document; therefore, it may be wise to have an attorney look over this release form before you sign.

If the adjuster’s final offer does not fully compensate you for your losses, you may need to consider filing a personal injury lawsuit.