A Common Insurance Adjuster Tactic: Making Low Offers

When it comes to personal injury claims, there are certain insurance companies who are known to be especially stingy and reticent about approving substantial settlement offers. If the party who caused your slip and fall accident is a policyholder with such a company, you will benefit from the help of an experienced First Coast personal injury attorney to handle your claim. Some Insurers Make Low Settlement Offers One particularly common negotiation tactic used by some insurers is to make an absurdly low settlement offer to you. For example, if you think your case is worth around fifteen-to-twenty thousand dollars, and consider twelve thousand your absolute minimum acceptable offer, your attorney might submit an initial demand of twenty-seven thousand. This is deliberately high because your attorney expects to work down from there. However, the insurer might come back with a counter-offer of just three thousand. What This Could Mean If this happens, don’t be too shocked. It could mean that the carrier is extremely conservative and prefers to fight things out in court than settle any claims at all—it may sound foolish and unprofitable, but some insurers are just like that. It could also mean that the insurer considered your initial offer so unreasonably high that they decided to counter with something equally unreasonable. Or it might mean that the adjuster is attempting to lower your expectations of the case and prepare you for a settlement that will be lower than you expect. Finally, it might mean that the adjuster has very little room to negotiate from his or her boss, and his or her hands are tied. How Your Attorney Can Respond Your First Coast personal injury attorney can respond in several ways. Your attorney might advise you to adjust your expectations accordingly and reduce the demand. Or your attorney might continue the negotiation and inquire to the adjuster as to how much upward room there is. If the adjuster has some room to move up, your attorney might present a more reasonable demand. Or your attorney might decide that the adjuster is unlikely to offer a more reasonable figure, and decide that the best option is to proceed with a lawsuit. If you have further questions about how handle a personal injury claim, contact First Coast personal injury attorney John Fagan today to schedule an initial consultation. (904) 215-5555  

About John Fagan

John is a Jacksonville native who grew up on the First Coast. He graduated from Bishop Kenny High School in 1975 and went to college at Florida State University where he completed a 4-year program in 3 years. John graduated from the Florida State University College of Business in 1978 and went straight into Florida State University College of Law. While in law school, John earned a position on the prestigious Law Review Board serving as its Business Editor. As a law student, John studied in the Oxford program. He also interned with the Florida Legislature working in the Florida House of Representatives Criminal Justice Committee. John was admitted to the Florida Bar in 1981. John began his legal career as a law school intern in the State Attorney's Office in Jacksonville in 1981. After his internship, legendary State Attorney Ed Austin hired John as a full-time Assistant State Attorney for the Fourth Judicial Circuit (Clay, Duval, and Nassau Counties). As a prosecutor, John tried jury and non-jury trial on charges ranging from DUI to Murder. In 1983, John moved from the State Attorney's Office to begin his career in private practice. He has practiced law for 30 years on the First Coast. For the last 20 years, John and his family have made Clay County their home. John limits his practice to personal injury and disability cases. While there are many fine attorneys in Clay County, John is one of only a few Clay County attorneys who limit their practice to personal injury and disability cases. John takes pride in helping clients resolve injury claims in ways that avoid the stress, uncertainty, and the expense of unnecessary litigation. Professional Activities John is the past President of the Clay County Bar Association and has served on the Board of the Clay County Bar Association from 2009-2013. He is an active member of the Florida Bar, and the Federal Bar of the Middle and Southern Districts of Florida. He is also a member of the American Association of Justice, the Florida Association of Justice, the National Organization of Social Security Claimants' Representatives, and the National Organization of Veterans' Advocates. Service to the Community John is involved in the Clay County Community serving as a member and Director of the Rotary Club of Orange Park, of the Clay County Bar Association, and the Putnam County Bar Association.
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