Rules of the Game
What You Can Do Instead
When you understand the motives of the insurance adjuster in pushing for an early settlement, you realize that accepting an early settlement offer or settlement check is not in your best interest. To reject the offer and/or the check, SettlementCentral.Com provides you with sample letters in which you need only fill in the blanks with your personal details. Make a copy of the settlement offer and/or check, then use the Letter Rejecting Unsolicited settlement Offer to return a settlement offer. If a check was included with the offer, use the Letter Returning settlement Check. In either case, keep a copy of your letter.
It can be difficult to return something this friendly, cooperative insurance adjuster has told you is the full, fair and final settlement value of your claim at this time. Typically, the adjuster will assure you that she and her supervisor have carefully examined your claim. After a thorough discussion that may have also included other adjusters, they have determined the full, fair and final settlement value of your claim at this time. Wanting to settle this quickly, "for you," she is sending the offer and/or the check.
One of the most important phrases in that determination is "at this time."
If the adjuster has done her job well, you may have been pleasantly surprised at how much she has done for you, making sure your medical/therapeutic payments were taken care of so you could continue with any necessary treatment, answering your questions, even extending her personal wishes for your speedy recovery. Some of us at SettlementCentral.Com have advised self-insured companies and municipal corporations through the USA. All of us taught our claims personnel to treat all injured claimants well, to build trust in just these ways. Why? When properly handled, any injured claimant will find it very difficult to refuse to cooperate with an adjuster who has treated him well.
You, however, must focus on yourself and your need to heal as fully as possible before accepting any settlement. Because you know the rules of the game, you know the insurance adjuster is not the same as a personal friend, but is someone doing a job.
Until at least a few months after your injury, you are not ready for settlement, because you have not exposed your healing injury to a sufficient variety of life's traumas and stresses to know whether you truly are healed and stable. When you have reached what is called Maximum Medical Improvement, you still may not know what your everyday life will do to your newly healed injuries. Our experience is that for most people, going back to what have been their normal life experiences - work, play, housework, yardwork, exercise, walking, standing, bending, picking things up, carrying or sitting for long periods, etc. - many injuries that had appeared to be healed, fixed and stable become active again. Those people may experience pain again when the activities of their daily lives exacerbated the underlying condition. Some of them require additional medical/therapeutic treatment and/or additional time away from work. Their claims are not ready to be settled yet.
Almost always, the unsolicited "full, fair and final" offer made by an insurance adjuster is an opening play. The adjuster hopes the injured person will accept that offer, of course, but it is seldom in the person's best interest to do so.
This is a time when our subscribed members may wish to use one of their PSP passwords Coming Soon! to speak with a legal assistant PSP or may wish to contract with an attorney from the SettlementCentral.Com database of experienced attorneys for advice.
If you're comfortable turning down that initial offer, use either the Letter Rejecting Unsolicited Settlement Offer to return a settlement offer or the Letter Returning Settlement Check . In either case, keep a copy of what you return and also keep a copy of your letter.
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