What to Expect in an Injury Settlement with Farmers Insurance in Texas
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Like other insurance companies, Farmers derives a profit by collecting more in premiums than it pays out in claims. This goal is achieved through insurance adjusters. Adjusters are responsible for determining whether a lawsuit against their company is likely to succeed court. If a claim is likely to succeed, then the insurance adjuster becomes responsible for negotiating a settlement with the injured party in an attempt to keep them from filing a future lawsuit.
NEGOTIATING AN INJURY CLAIM WITH FARMERS
Once you file a claim with Farmers Insurance, an insurance adjuster is assigned to your case. The claims adjustor may investigate the facts related to the accident and make an effort to settle the claim on their own terms.
An insurance adjuster may act friendly and empathize with you, but it's important to remember that the insurance adjuster has no interest in making sure that you are covered for your losses; their primary concern is saving the company money.
Your adjuster is aware that the more of a financial bind you’re in, the more likely it’ll be for you to accept a low, but immediate payment on your claim, as opposed to waiting for a higher settlement.
Below are some tips that may help you in negotiating with a Farmers adjuster:
DOCUMENT AS MUCH AS POSSIBLE
If possible, take as many photographs as possible of the accident scene, including any visible injuries you may have. Photographing and documenting evidence immediately after an accident may assist you in proving the severity of the accident, as well as help negotiate a more appropriate settlement amount. Compile all your medical bills and document any incidental costs from the accident; this may include a report from your doctor describing your injuries and recorded damages from missed time at work.
DETERMINE A MINUMUM SETTLEMENT AMOUNT
Once you have understood the scope of your losses, you should use this information to determine a settlement amount that may adequately cover your damages. Know the minimum amount for which you would settle before you make a demand. Starting with a high amount is permissible as long as that number is within reason. If your starting offer is unreasonable, your insurance adjuster may not take you seriously, which could affect your negotiating power if you lose credibility with the adjuster.
KEEP YOUR STORY STRAIGHT
It may be helpful to write down the details of the accident in order to keep your story straight when negotiating with a Farmers adjustor. An adjuster may attempt to have you change your account of how the accident occurred as a way to justify providing you with a lower settlement amount. Farmers could try to blame you for your injuries and argue that your negligence contributed to the accident. Be ready to counter the adjustor’s argument with facts from the accident.
EXPECT THE “BACK AND FORTH”
While you may expect your initial settlement offer to be turned down, you should not feel obligated to accept Farmers’ counteroffer if it’s too low. This tactic is common amongst insurance adjustors and is used to determine how much you may contest their offer and whether the claim may be settled quickly. Do not be afraid to walk away if the insurance company is being unreasonable. Remember, the insurance company does not want to lose money; therefore, Farmers may reevaluate their settlement offer.
Oftentimes, the best option after an accident is to seek legal representation. The assistance from an experienced attorney with knowledge in Farmers Insurance injury lawsuits is crucial to helping you seek a favorable outcome for your case.
GET HELP FROM EXPERIENCED PERSONAL INJURY LAWYERS
Negotiating with an insurance adjuster may be a daunting task, especially when you're trying to recover from your injuries. In order to have a fair fight, you need a legal advocate on your side who is experienced with the claims process to advocate for your rights.
At Zinda Law Group, our personal injury attorneys may help you seek a fair settlement amount from Farmers Insurance by negotiating with your adjuster on your behalf.
Our personal injury lawyers have successfully negotiated settlements with Farmers Insurance and may help you seek a fair resolution to your claim.
Our firm also believes that an injured victim should never have to worry about their ability to afford excellent legal representation. That is why we offer 100% free consultations, and why you pay nothing unless we achieve a favorable settlement, judgment, or verdict for your personal injury claim. That’s our No Fee Guarantee.
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