Auto Insurance Claims: Loss earnings from auto accident injury, Auto accident injury claims

Question
I was injuried in an auto accident in July 2008 by another party who has accepted liability.  I am out about $15,000 in loss earnings.  The other insurance carrier will not pay me anything towards this until I make a full and final settlement.  Can they do this?

Answer
Hi Bobbi,

Yes. The other persons insurance company will not pay any portions of your claim as they come up. They will only negotiate a one time lump sum settlement once you submit to them all of your medical files, bills, proof of lost wages and a demand package including the total amount you are demanding to settle the claim. Then once you have done that you should be prepared to as much as several months to a year of back and forth negotiating before your claim is settled.

Keep in mind that the insurance adjuster is not your friend and has no interest in you or your family. They will smile at you and then stab you in the back Their only job is to make you go away with as little money as possible and they will utilize a niumber of tactics to accomplish that.

If you are going to try to do this your self you should bisit a website called www.collisionwizard.com . It will help you asemble all of the facts about your accident and it will help you prepare a demand package with letters and information. It even has a claim calculator to help you determine an appropriate settlement value range of your claim. It only costs $19.99. The system was created by personal injury attornies for the Better Business Bureau Video Series.

If you find the process too difficult then you can always hire an attorney.

I hope this helps
Richard Hixenbaugh