This form is a sample letter in Word format covering the subject matter of the title of the form.
Maine Sample Letter to Opposing Attorney Declining Settlement Offer
Category:
State:
Multi-State
Control #:
US-0014LTR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Sample Letter To Opposing Attorney Declining Settlement Offer?
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FAQ
In response to your letter dated [Date of Insurer's Letter], I am unable to accept your offer of $[Offer Amount] to settle my demand for compensation in Claim Number [Claim Number from Above]. The figure you offered is insufficient in light of the facts of the case.
Always reject a settlement offer in writing. Type a letter to your contact at the insurance company listing the reasons you think that their offer is too low. Back up these reasons with concrete evidence attached to the letter. Finally, provide a counteroffer of a sum you think is more reasonable.
In response to your letter dated [Date of Insurer's Letter], I am unable to accept your offer of $[Offer Amount] to settle my demand for compensation in Claim Number [Claim Number from Above]. The figure you offered is insufficient in light of the facts of the case.
Did you know that you don't have to accept a settlement offer from an insurer? If you disagree with the offer, you can decline it. However, rejecting a settlement offer isn't as simple as saying, ?Sorry, I won't accept it.? Instead, before rejecting a settlement offer, it's important to think through this decision.
If you choose to reject the low settlement offer, you must communicate your decision to the claims adjuster. Your legal representative can help you write a letter that states your intentions. Within the letter, you can indicate that you reject the offer and highlight why you deserve a higher settlement amount.
Rejecting the insurance company's first settlement offer will likely lead to negotiations. While negotiating may be a lot of work, it can pay off in the end. You can continue negotiating until a deal is reached or the insurance company refuses to continue negotiating.
To respond to a low settlement offer, evaluate the reasons for the offer. Determine the accurate value of the claim and the amount you are willing to accept to resolve it. Create a demand letter, provide more information or continue to pursue your legal claim as appropriate based on the circumstances.
Ask questions to find out how the adjuster came to the conclusion that they did. Develop and plan your response (which is often called a counteroffer). Respond to the offer in writing. Do not settle your claim until you have healed from your injuries.
