Sample Letter Rejecting Settlement Offer Without Attorney In Nassau
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Countering a Low Insurance Settlement Offer State that the offer you received is unacceptable. Refute any statements in the adjustor's letter that are inaccurate and damaging to your claim. Re-state an acceptable figure. Explain why your counteroffer is appropriate, including the reasons behind your general damage demands.
Possible Legal Action: If negotiations don't yield a satisfactory offer, a lawsuit may become necessary, requiring additional time and resources. Risk of Lower Final Settlement: In some cases, litigation may lead to a settlement lower than the initial offer, depending on the court's decision.
If you do not accept a settlement agreement, your case will proceed to the next steps. If you have already filed a lawsuit, this means you might have more hearings and eventually go to trial. When a case goes to trial, that introduces the chance you could lose in court.
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.
Always respond to a low settlement offer in writing rather than over the phone or in person. Submitting a counteroffer in writing gives you a chance to provide more evidence to support your claim. If you haven't already hired a lawyer, do so before you respond to the low offer you received.
Submitting a Counteroffer and Continuing Negotiations Your letter should clearly state that the amount you were offered is too low, briefly explain your reasoning based on your evidence and documentation, and provide the amount you'd be happy to accept as a settlement.
If you find the offer unacceptable, your attorney can draft a formal letter and propose a counteroffer. This letter should clearly state that the initial offer is unacceptable and refute any inaccuracies in the insurance adjuster's statements.
I am writing in response to the settlement offer you presented on Settlement Offer Date, related to claim number Claim Number for the incident that occurred on Incident Date. After careful consideration, I must reject this offer as it does not meet my needs based on the severity and ongoing nature of my injuries.
To properly reject an insurance settlement offer, you must communicate the rejection in writing through a formal demand letter. This letter should clearly state the reasons for rejecting the offer, such as it not providing maximum compensation for the damages incurred.
