Colorado Sample Letter for Notice and Settlement Offer — Personal Injury: [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Insurance Company Name] [Claims Department] [Address] [City, State, ZIP] Re: Notice of Personal Injury Claim and Settlement Offer Dear [Insurance Company Name], I am writing to notify you of a personal injury claim arising from an accident that occurred in the state of Colorado on [date of accident]. I have retained legal representation and would like to initiate the claims process. Details of the Accident: Date: [Date of Accident] Location: [Accident Location] Accident Description: [Provide detailed description of the accident, including factors contributing to the incident] Injuries Sustained: [List out all injuries sustained as a result of the accident, including medical diagnoses and treatment received] Liability and Negligence: [Provide a factual account of how the other party involved in the accident was liable and negligent] As a result of the above-mentioned accident and injuries, I have incurred significant medical expenses, including hospital bills, medications, physical therapy costs, and ongoing treatment expenses. Additionally, I have experienced pain and suffering, emotional distress, loss of wages and earning capacity, and a significant decrease in the quality of life. Considering the circumstances, I am willing to resolve this matter amicably and without litigation. Therefore, I am offering to settle my claim for the sum of [specific settlement amount] to compensate for all damages suffered as a result of the accident, including past, present, and future medical expenses, pain and suffering, lost wages, and any other compensate damages. In accepting this settlement offer, you acknowledge no admission of liability on behalf of your insured, and the settlement amount shall be made within [specified time frame] by certified check payable to [Your Name]. Upon receipt of the settlement payment, I will execute a release of all claims relating to this accident and agree not to pursue any further legal action against your insured. Please take this letter as formal notice of my claim and settlement offer, and respond within [reasonable time frame] to discuss the settlement process further. Should you decline this settlement offer or fail to respond within the specified time frame, I may be left with no choice but to pursue this claim through further legal action. I have provided relevant medical records, bills, and any supporting evidence with this letter. If further documentation is required, please inform me promptly, and I will arrange for the necessary records to be sent to you. Thank you in advance for your attention to this matter. I look forward to a prompt resolution. Yours sincerely, [Your Name]
Colorado Sample Letter for Notice and Settlement Offer - Personal Injury
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If you have determined to respond to a low settlement offer yourself, consider the following: Stay polite and professional. We understand it's a frustrating and emotional process. ... Ask questions. ... Offer the facts. ... Put your response in writing. ... Don't be bullied.
I hereby demand $118,602.00 to account for my injuries and other losses that were directly and proximately caused by the negligence of your insured, Amy C. Jones. I expect to receive a reply to this demand letter no later than 21 days from the date of the postmark. Thank you for your time in considering my claim.
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.
How to Negotiate the Best Deal on Your Settlement Agreement Prepare Well for the Settlement Agreement Negotiation. ... Decide which negotiation tactics to use. ... Ask for a Protected Conversation with your Employer. ... Don't ask for too much. ... Don't ask for too little. ... Find out how the settlement payments will be taxed.
This is a formal letter that should include: A summary of the original incident with any factual disputes highlighted. Evidence to support the version of events provided in the Settlement Demand Letter. An outline of any relevant legal standards that apply to the matter. A settlement offer and terms/timeline for acceptance.
Rather, ask why the adjuster has provided this extremely low figure. You should then write a formal letter of response in which you state that you don't find the initial low settlement offer acceptable, listing the reasons why and concluding with a demand for a higher settlement offer.
What to include in an injury demand letter The date of the accident. Name of the insured. Policy number, if available. What parties were involved in the accident. Events leading up to and causing the accident. Detailed information regarding economic damages, broken down by category. Explanation of non-economic damages.
Your letter should clearly: 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 damages demands.