See the entire video at https://youtu.be/WSYTbMC_uTE Chapter19659002 ?? When the adjuster determines that coverage exists, that the insured is probably responsible for causing bodily injury or material damage to a third person, the adjuster must negotiate a settlement with the applicant or his or her lawyer.
Just like the complainant's lawyer in a case of personal injury, the insurance adjuster will investigate the claim – facts about the accident and the complainant's injuries.
A very skilled and well-prepared insurance adjuster will often know more about the accident and the complainant's background than the complainant's lawyer does.
There is no perfect method for evaluating and negotiating a personal injury claim or suit. Each must be handled individually and the adjuster must be flexible enough to obtain a solution that is comfortable for the insured, the plaintiff or the complainant and the lawyer representing the plaintiff or the complainant.
The most important facts that determine how an accident agreement comes out are how well the adjuster has prepared all stages of the claim – investigation, dossier, request, response, and parent offers and claims. How much the complainant or the applicant is willing to settle if it falls within the evaluation of the settlement value achieved by the adjuster and the insurer will allow the parties to reach an agreement.
© 2020 – Barry Zalma
Barry Zalma, Esq., CFE, now limits his practice to serving as an insurance consultant specializing in insurance coverage, insurance claim management, bad faith insurance and insurance fraud insurance companies almost equally. . He also acts as arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and insurance service and more than 52 years in the insurance industry. He is available at http://www.zalma.com and firstname.lastname@example.org.
Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.
For the past 52 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurance companies and their claims staff to become professional insurance claims.
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