Georgia Car Accident Claim Negotiations: What You Need to Know (Part A)
If you have filed a Georgia car accident claim, you should know that you may face negotiations. When an agreement with the insurance company cannot be reached, then a Douglas County injury law firm can help.
Negotiating with an insurance company on your own can be a very overwhelming and confusing process. You shouldn't attempt it without strong legal representation working on your side.
Negotiations in a Georgia Car Accident Claim
If there is a dispute between you and the insurance company on the settlement for your claim, it may become necessary to negotiate through arbitration. This is often the next step before allowing it to get to the point of a court proceeding.
Arbitration involves a neutral third party who has no interest on either side. There are 2 important benefits to arbitration, with the first being that it saves money. Taking a claim to court can become very costly. The second benefit is that it saves time. Court cases can take months or even years to settle.
In some insurance policies, binding arbitration is required. This means that the settlement decision is final, even if one side doesn't agree with it. With binding arbitration the case can never be sent to court. Both sides must abide by the decision.
Another way that a claim can be negotiated is through mediation. Unlike binding arbitration, a disagreement with the decision can still result in the case going to court. A facilitator meets with both sides individually and together, in order to help reach a resolution.
Some damages in a claim are easier to agree on. For instance, medical bills have a set value. However, if you are going to negotiate for other damages that don't have a set value, you would benefit from calling a Douglas County injury law firm.
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