[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Counter Offer for Settlement — [Case/Claim Number] Dear [Recipient's Name], I hope this letter finds you well. I am writing to you in response to the settlement offer I received on [Date] regarding [briefly mention the case/claim details]. After careful consideration, I am presenting my counter offer for your review and consideration. I appreciate the efforts made by your client in providing a settlement offer; however, I believe that it does not adequately reflect the true value of the damages and losses I have incurred as a result of the incident. Therefore, I kindly request that you review my counter offer and begin discussions to reach a fair and just compromise for both parties involved. Counter Offer Details: 1. Settlement Amount: I propose a settlement amount of $[Enter Amount] as the full and final settlement of this matter. This amount is based on a comprehensive evaluation of the following components: a. Economic Damages: [Include details of medical expenses, lost wages, property damage, etc.] b. Non-Economic Damages: [Describe the pain, suffering, emotional distress, loss of enjoyment, etc.] c. Other Relevant Factors: [Mention any other factors supporting your counter offer such as future medical expenses, temporary or permanent disability, etc.] 2. Payment Terms: If my counter offer is accepted, I request payment to be made in [Specify Payment Method] within [Specify Payment Timeline]. I believe this timeframe is fair considering the nature of the damages suffered and your client's liability. 3. Confidentiality Agreement: To ensure the privacy and confidentiality of all parties involved, I request the inclusion of a confidentiality clause within the settlement agreement. This clause should prohibit both parties from disclosing any information related to the settlement terms or the incident itself unless required by law or written consent. Please consider this counter offer as a genuine attempt to resolve this matter amicably. I strongly believe that the proposed amount accurately reflects the damages and losses I have experienced, taking into account the pain, suffering, and disruption this incident has caused in my life. To facilitate further negotiations, I am open to discussing any concerns or clarifications you may have about my counter offer. I firmly believe that reaching a fair settlement will save all parties involved additional time, costs, and potential legal procedures. I kindly request that you respond in writing within [Enter Deadline], confirming your client's acceptance, rejection, or alternative counter offer. Additionally, please provide any supporting documentation or calculations that are relevant to your decision. Thank you for your time and attention to this matter. I look forward to reaching a mutually acceptable resolution. Sincerely, [Your Full Name]
San Antonio Texas Sample Letter for Settlement - Counter Offer
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How to fill out San Antonio Texas Sample Letter For Settlement - Counter Offer?
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FAQ
Frequently Asked Questions (FAQ) Type your letter.Concisely review the main facts.Be polite.Write with your goal in mind.Ask for exactly what you want.Set a deadline.End the letter by stating you will promptly pursue legal remedies if the other party does not meet your demand. Make and keep copies.
What To Include In Counter Offer. In the letter, you will need to refer to the offer made by the insurance company and when it was made. You will then need to reiterate why you think you are owed damages from the other party and why you think that offer was low.
Be polite, concise and specific about what you want and what your next step will be if the problem is not resolved. For example, if it is a debt settlement, include the amount owed and the date it was due. If you are willing to accept a lower amount in settlement, say so. If not, make that clear as well.
Let's look at how to best position your claim for success. Have a Settlement Amount in Mind.Do Not Jump at a First Offer.Get the Adjuster to Justify a Low Offer.Emphasize Emotional Points.Put the Settlement in Writing.More Information About Negotiating Your Personal Injury Claim.
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 damages demands.
For example, a seller wants to sell a vehicle for $20,000. A buyer arrives and offers $15,000 for the vehicle. The offerer provides a counteroffer, asking for $16,000 with the objective of obtaining a higher price.
Here are ten strategies for writing a settlement demand letter: Stay Focused.Do Not Threaten.Make Your Case Stand Out.Understand Policy Limits Before Writing.Support Your Claim.Include All of Your Damages.Do Not Make a Specific Demand.Do Not Offer a Recorded Statement.
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.
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.
Steps to Respond to a Low Settlement Offer Remain Calm and Analyze Your Offer. Just like anything in life, it's never a good idea to respond emotionally after receiving a low offer.Ask Questions.Present the Facts.Develop a Counteroffer.Respond in Writing.
