Negotiating a property damage adjuster can be a difficult process. The reason is that, unlike a personal injury case, you have a little leverage to get the best possible settlement. Here are some possible conditions that can help you to get leverage so you can negotiate the best property damage settlement. Just keep in mind a few things as you negotiate: Let’s begin!
1. Understand The Policy You Have:
Before investing in any kind of property damage insurance policy, make sure that it covers all natural and unnatural situations that can occur. It is also important for you to know what exactly the policy is covering, you must have clearance to it otherwise your insurance company won’t reimburse you for it.
Make sure that you don’t buy an insurance policy by yourself let your mortgage provider for you and charge you for it.
2. Gather Information:
You must collect all the information from the crash scene or the accidental area, as the insurance company is going to rely solely on the recorded and physical information when negotiating your claim. Try to gather all the basic information that can give some arrows in your quiver when squaring off with the insurance company.
“Note: The more the information you have, the better you will be in getting insurance.”
This makes it harder for the insurance company as many people fake claims and takes advantage of the guidelines; therefore it is important to have all the documents and proofs if you face any damage.
3. Fight Hard To Get What You Want:
Make sure that you are prepared in terms of what you want- whether you want your property to be fixed or you want it to be deemed a total loss. If you know what you want, then it will easy for you to negotiate.
4. Fight For Reasonable Damages Or Else The Company Will Not Take You Seriously:
Be realistic about the type of damages that you can collect. Otherwise, the insurance company will not take you seriously and the settlement for which you had been working for so long.
Make sure that you go into negotiations with a wildly inflated number if you do so the insurance company is likely not to take you as seriously
5. Have A Number in Mind:
Pick up your calculator and crunch the numbers. Instead of relying on the insurance company’s evaluation, figure out how much your property worth and how much you lost in property damage.
Once you are confirmed with your figure, calculate a minimum settlement that you want. Convince the adjuster with information that why the claim is worth more. Find flaws in their calculations so that you can receive a higher offer to settle your damage claim.
Do not disclose your estimated figure in front of the adjuster.
6. Put Everything In Writing:
When the insurance adjuster finally agrees on the property claims, remember to put it in writing. Make it short and to the mark. Also, provide a copy to the adjuster.
The letter should hold certain points like:
- The settling amount
- what damage the settlement covers, and
- The payment receiving date you expect from the insurance company.
We hope that the above-given points will help you in settling up your property damage settlement. Considering the above-given point will help you in negotiating the best possible settlement.