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/in Blogs, Estate planning Blog /by BrianOur Clearwater Personal Injury Attorney on the Settlement Value of Your Case
/in Blogs, Personal Injury Blog /by Jeff ColemanOur Clearwater personal injury attorney can explain how a settlement value is determined in your personal injury case. He or she may discuss the following information with you regarding this topic.
Lawyer’s Input
Your lawyer will evaluate the facts and circumstances involved in the case. He or she will then estimate a settlement range for your case based on this information. However, the information that your attorney provides is for advice only. You ultimately have the power to decide how much money to demand from the insurance company. You may disagree with your lawyer on this topic. While you should consider the advice of your lawyer who likely has more experience in this area than you do, it is your final decision. Once you and your Clearwater personal injury attorney reach an agreement regarding this figure, your lawyer will submit a demand letter to the insurance company, hoping that it will offer a settlement within the range that you and he or she determined.
Strategies in Negotiating
Some individuals believe that the settlement figure demanded of the insurance company should be extremely higher than the expected settlement figure. They reason that the insurance company will eventually meet somewhere in the middle. However, this strategy can backfire by the insurance company refusing to negotiate with a person that it decides is unreasonable. The insurance company assumes that going through litigation will be less expensive than paying an outrageous settlement figure. Instead, your lawyer may submit a demand letter that lists a value that is somewhat higher than the anticipated settlement range. He or she will assume that the insurance company will not accept this initial offer and will ask for a settlement below this initial demand. While this demand may still be higher than your anticipated settlement range, it should be reasonable to avoid ill feelings from the insurance company. The figure should allow flexibility and negotiation room from both sides. Before your lawyer drafts the initial demand letter, you and he or she can discuss the demand amount. Your lawyer can provide you with the reasoning behind any demand amount that he or she determines. Additionally, your Clearwater personal injury attorney may discuss the advantages and disadvantages of using a demand figure that you request.
Legal Assistance from Our Clearwater Personal Injury Attorney
If you would like more information about the potential settlement value of your case, contact a Clearwater personal injury attorney from Coleman Law Firm at (727) 461-7474 at your earliest convenience.
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I engaged the Coleman Law firm on two occasions and all of my transactions were handled from out of state. Mr. Coleman and all of his staff were very knowledgeable and personable. They dealt with everything in a very professional and timely manner. They kept me informed of what was happening all the… Read more
I’m very pleased with the way the Coleman Law Firm handled my matter. They were caring, fast, and I felt I was in good hands.
We are pleased to have this opportunity to describe how individualized your services were to our needs. Not only was the staff attentive, caring and helpful, but also the firm was extremely in tune to the complicated activity of market affairs and our particular problems. We would definitely recomm… Read more
Complete honesty and a close attention to all details involved in my case. Close guidance in all areas.
My husband and I saved and planned for a comfortable retirement. We retired in 2000. Due to improprieties and uncontrolled circumstances by our financial advisor and financial institute; we lost a substantial amount of our retirement savings. Thankfully, we were referred to attorney, Jeffrey P. Cole… Read more
I have referred probably at least five cases to the Coleman Law Firm. I have found Mr. Coleman and his staff to be both knowledgeable and down to earth. Mr. Coleman assisted with real estate matters, probate matters, and some personal injury cases with success. I will continue to refer cases to him … Read more
Mr. Coleman is obviously very knowledgeable in his field, but he is also very approachable, and easy to talk to. He takes the time to explain things fully in a way that is easy to understand. He kept me very well informed of the progress of my case, and then made a superb presentation at my final he… Read more
My name is Dr. Christine LaRae Larson. I have been involved with Coleman Law Firm, needing legal counsel in my new role as a trustee. Personally and on the front end of my position, I had very little experience as a trustee. But now, as my involvement with Coleman Law Firm has continued, I am no lon… Read more
Jeff Coleman helped me with my case and I would use and recommend him again.
Jeff & Emily prepared a complete estate planning package for me. All documents, including adjustments due to recent changes in the law and specific stipulations I requested. Everything completed in a professional, timely manner and with patience in dealing with me. I would recommend The Coleman Law … Read more