Minnesota Sample Letter for Rejection of Settlement Offer
Description
How to fill out Sample Letter For Rejection Of Settlement Offer?
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FAQ
Injury Victims Accept Early Settlement Offers Sadly, some victims will accept an early settlement offer, even though they are entitled to more. Insurance companies are aware that this will often work, so they employ this strategy. The insurance company makes even more money if the injured party accepts the low offer.
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.
Remain calm and analyze the offer even if you feel like the adjuster is trying to take advantage of you. 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.
This letter should state: That you will not accept the initial settlement offer; The reasons why you feel you deserve a higher settlement amount; Each of their low-offer reasons, and your responses; The higher settlement amount that you will accept.
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. You should also counter their reasons for providing you with the low-ball initial offer.
It is a good idea to avoid accepting a settlement offer until you fully recover from your injuries or have a firm medical prognosis about them from your doctor.
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.
Responding to a Low Settlement Offer from Your Insurance Company Key Steps for Responding to Your Insurer's Offer. ... Gather Proof of Your Losses. ... Gather Evidence of Your Injuries. ... Respond to the Settlement Offer in a Professional and Assertive Manner.
